Motivated Sellers And Marketing
As far as marketing to motivated sellers. I am trying to figure out how do I send out my postcards to people who are in foreclosure. I dont want to put these on every door in my neighborhood because most will not be in need. How do i find who the targets are to send these to? Are their listings people get of who is in foreclosure and send out letters or what how does it work?
mwm12,
The Notices of Default are public record. Here are some sources of this information:
1. Go directly to your county recorder to look up and print a list
2. www.wbyowner.com may have their foreclosure service in your area. They e-mail you regularly with the info.
3. Find a title company that is willing to give you a list on a regular basis in exchange for you doing business with them
If the list is to large, you can narrow it down by area or price range.
To your success,
Jason Van Orden
[addsig]
Please keep in mind that people who aren’t in foreclosure also sell their homes and those that are in foreclosure are being bombarded by investors...
Dont be afraid to farm
i have a certain postcard that i send out to pre-foreclosures and a different one if im doing large marketing. i find the pre-foreclosures through various public records. good luck.
RonInAZ,
I have not used their foreclosure lists before, however, I have used their FSBO lists and found that to be a worthwhile service. In my area, for my needs, the info was complete and timely.
The foreclosure service is newer (last year or so) and is not available in all areas yet. Anytime I have talked to them they have been helpful. I have been able to swing free trials for members of an association I as heading up in the past. You might want to ask for a week or two free.
Jason
Jason
Great advice, and wouldn’t you agree that the best thing agents have going for them is the MLS.
As an owner of a brokerage company and Investment Company I always use the MLS and would suggest to everyone that it will return your money faster and repay your cost back to you by having the ability to turn your investment dollars faster.
If you can turn a house every 90 days without the MLS and with the MLS you can turn every 60 that means in a year you have bought 2 more houses and assuming a net of 25000 each that’s 50k in your pocket off a 24000.00 investment assuming an average sells price of 100k at 6 percent commission.
Now I would never list at 6 percent. Find an internet listing company that will input your listing in the local MLS for 495.00 and only offer a 2.5-3% buyers side commission.
This way you stay in charge.
Besides you also have their e/o insurance and resources at risk if things go sideways.
[ Edited by IBuyHousesInc on Date 07/14/2005 ]
yes, but in my state to get MLS access you need to be affiliated with a broker, meaning that you need to be an agent or own a brokerage. becoming an agent is really something im not interested in, but having MLS is.
oh, sorry i didnt see that you were talking about selling. yeah there is plenty of online places that will list your house for cheap (but as was stated you will pay a buyers commision usually) i was talking about using it for comps and also looking for houses on MLS.
[ Edited by ZinOrganization on Date 07/15/2005 ]
As for comps if the MLS is unavailable I would use www.Realquest.com or www.Metroscan.com They both cost about 125 a month.
The cool thing about metroscan is you can print your own labels and realquest gives you NOD info.