Best way to cold call off market properties?

Question

I'm interested in buying a condo in a downtown building.  One is on the market, but I believe way overpriced.  1)  What are some effective ways to contact the owners of the off market condos?  2) What strategies will improve my chances of an off market owner selling to me?  Thanks!

Chris Nottage · Answer

I agree with all of the above.

Don't get discouraged if the owner tells you to kick rocks. I found that opening with "hi owner, my name is _____ you don't know me. This is a cold call (I'm a realtor - exclude obviously) I  was wondering if you had 2 minutes to talk about the possibility of selling your house on 123 Main Street."

If they say "No" respond along the lines of "No problem I understand.. would you consider the possibility of me calling you back in a month or two to see if you have a change of mind?"

Sebastian Marroquin · Answer

I have about 5 ways we get off market deals in specific areas with very good success.

What city are you in? And what is your goal? (Meaning : do you want to get a lower price or are you willing to pay retail?)

Mark Proctor · Answer

Thanks for the advice guys!

Mike Velez · Answer

Do all of the above. Identify the owner however you can depending on where you are, tax records, title company, etc. Fastpeoplesearch.com is not a bad free place to start to find phone and sometimes email addresses. Start dialing, texting, knocking, emailing, and writing. Eventually you'll reach someone and pitch your idea. Before you do this get acquainted with the TCPA rules and scrub the numbers against a DNC list to make sure you don't get yourself in trouble.

Once you have someone willing to can pitch the idea of them not having to pay the usual broker commissions to sell in your area. However, that being said I would definitely use a professional to guide you both through the process. I'm sure you can find someone willing to do it at a reduced cost without marketing, etc but do keep in mind that they will be taking on some liability and should be compensated for that risk. (Not sure who handles RE transactions in TN). Good luck.

Mark Proctor · Answer

Also, thank you for the response Kerry!

Mark Proctor · Answer

Someone I know recommended sending letters.  Do you think calling is more effective?

Kerry Noble Jr · Answer

Find who owns it via property card. Then skip trace on truepeoplesearch and find the best number for them.

Best way to cold call off market properties?

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