Mailing List Question

[Curtis H.]

Hello All,

I'm ready to do a direct mailing to find a property for me to have as Owner Occupant. So my situation is that the homes in my area are overpriced (Burbank) but they are selling due to low inventory.

I have about $400K to spend, they cost about $500K-$550K ARV in the zip code I want. HOWEVER, it is a heavily elder community so there are a lot of homes probably owned by inherited family members or the owners may need to move into a nursing home.

Who do you think I should be targeting, and does putting that I want the home for myself in the letter or postcard make a difference? I need to make a move in the next week, as the prices sure as heck aint going down...

I'll probably use Michael Quarles Yellowletters company and get the list and have him mail. I only need one, but I need a surefire deal or I may have to start looking elsewhere to live and I REALLY don't want to have to do that. Schools are great here.

I'm thinking...

Absentee Owners + 3-5 bedrooms + 1200 Sq ft min + minimum 7 years as the owner

and then...

Over a certain age (I don't know 65?) + 20% equity or better + same home criteria as above + anything else you know that I don't.

[Michael Quarles]

personally I wouldn't do absentee in this situation.

Filter SFR, 3-5 beds, OO, 15 year ownership, 40 percent equity and 65 years old.

Once you get the list run it for landline numbers. Most will have home phones.

I then would hit it with an I want to buy your home to live in yellow letter, follow up with a cold call and a knock on the door.

Be honest about your budget and loving the neighborhood.

Create friends...