What should I expect from a purchased list of owners?

[Sam Erickson]

Hi Everyone,

I'm looking to target owners open to selling their property with seller financing.

Has anyone had much success finding seller financing deals using the MLS? I'm a broker and have access to all the listing but I don't get the sense that the agents I'm talking to have much interest in talking to their seller about a seller finance deal.

I have also looked at doing a direct mail campaign to target potential owners willing to seller finance. I'm able to purchase a list of 6,033 owners for $1,000. My criteria used was owners with 50%-100% equity and are absentee owners.

Any idea what I should expect as a close rate? I understand its going to be low as many on the list probably don't even have an interest in selling.

If anyone has used a direct mail campaign for this purpose I would love to hear the results.