Investor · Philadelphia, PA · Member since 2019 · 24 posts · 9 votes
I recently cold called a list of approximately 500 pre-foreclosure properties and had a much lower answer rate than I normally have. It makes sense to me that if they are getting foreclosed on, they probably have people calling them for other debts as well so they just don't answer the phone.
I was wondering others experienced this low answer rate as well with pre-foreclosure lists? Also, is it better to just do direct mail to these lists instead?
Specialist · Bothell, WA · Member since 2014 · 268 posts · 80 votes
2y
How many people answered the phone? 500 is a pretty small sample size so maybe it was just a bad list/bad luck. Also, if you call anyone from the same number does it show up as spam likely? That will KILL your contact rate in its tracks, I run a call center for Real Estate so deal with these issues all the time.
Investor · Philadelphia, PA · Member since 2019 · 24 posts · 9 votes
2y
I think I may have just had some bad luck. I got better results the second time going through it. I definitely need a bigger list but I was testing out a power dialer. Thanks for the feedback.
I recently cold called a list of approximately 500 pre-foreclosure properties and had a much lower answer rate than I normally have. It makes sense to me that if they are getting foreclosed on, they probably have people calling them for other debts as well so they just don't answer the phone.
I was wondering others experienced this low answer rate as well with pre-foreclosure lists? Also, is it better to just do direct mail to these lists instead?
I recently cold called a list of approximately 500 pre-foreclosure properties and had a much lower answer rate than I normally have. It makes sense to me that if they are getting foreclosed on, they probably have people calling them for other debts as well so they just don't answer the phone.
I was wondering others experienced this low answer rate as well with pre-foreclosure lists? Also, is it better to just do direct mail to these lists instead?
I recently cold called a list of approximately 500 pre-foreclosure properties and had a much lower answer rate than I normally have. It makes sense to me that if they are getting foreclosed on, they probably have people calling them for other debts as well so they just don't answer the phone.
I was wondering others experienced this low answer rate as well with pre-foreclosure lists? Also, is it better to just do direct mail to these lists instead?