Summary: Once you pick up a property at auction you need to get organized so you can sell the property, hopefully at a profit. Make sure you have a plan concerning what you are going to do if you get that property you are interested in.

Article: There are many ways to market your property, and often these are cheap methods if you do most of it yourself. Before you leave town you can spend some time doing valuable marketing in the local area.

It gets harder to market a property once you have left town. One good method is to go into the county records office and look up the adjacent landowners around the property you purchase. There may be a lot of interest from those land owners simply because the property is conveniently placed right next door. You can easily type up a form letter announcing your intent to give them first crack at picking up the property, print it out at the library in town and mail it to the adjacent land owners before you leave. Make sure to include contact information for yourself, the specifics of the property and your asking price. It can even be helpful to include a simple map of the property and the outlines of the adjacent properties so the land owners can see how the property will attach to theirs.

Also don’t be shy about putting up flyers around some of the towns in the county where you pick up that property. You can place your contact information at the bottom of the flyer on little tear off paper strips. Ask local shops and even laundry mats for permission to hang your flyer on their bulletin board or on their front window.

It’s a good idea before you leave town to pick up a local phone book. This way you’ll have easy access to all the local phone numbers if you need to find a handy man to head out to the property and look around or even call the electric or phone companies.

The other option for marketing your property is to place some listings online or in the local paper. There are a lot of real estate websites and for sale by owner type directories online. This will help to market your property to a wider group of potential buyers, since people all over the world surf the web. It’s not expensive to list your property in the newspaper and listing in the local paper is another helpful way to expose local buyers to what you have available.

You can always list your property with a realtor. Some investors prefer to do this outright, because it saves them a lot of dirty work. Be aware though realtors tend to only actively push brand new properties to potential buyers. If for some reason your realtor hasn’t able to sell the property after a couple of months he or she may tend to start putting it on the back burner. At which point you’ll want to take the property off the market for a little while, say a few months, before putting it back up for sale again. That way it will be fresh in the minds of buyers and realtors.

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