Offers in the mail?

[Christopher Dumelle]

Has anyone ever used just a 1 page purchase agreement and mailed it out to a list of a specific criteria with a single price? For example a list of of houses you've either drove by or purchased through listsource of say 100 similar houses 3/2 in a mile or so radius of each other. Lets say values in that area for that house average around $100,000 and you just mail out a cash offer for $40,000. With maybe a post it note attached or a couple sentence letter, stating that these offers are negotiable with your name and your phone number.

I think I may try something similar to this on a small scale in my area, but was not sure if anyone has done this vs. a yellow letter or post card. I would imagine as long as you have your inspection period clauses and that in your offer, you should not get stuck with a house you don't want. Even if you do i'd imagine at 40% of average value it would be hard to lose on the deal. I do realize some could see this as extremely risky, but I feel it could at least get your phone ringing.

Just looking for peoples thoughts and opinions.