listsource

[Account Closed]

is listsource a good way to get a lead on absentee owners?

than do i just send them all a letter hoping one of them will call me back?

[Erique Gibbs]

@frank

Thanks for the info 

[Nick Foundas]

This is wonderful, thank you to @Michael Quarles for providing the specific step by step instructions. Any chance you can do the same for pre-foreclosure opportunities and what criteria to select? I tried running a few cities and they return 0 results which is hard to believe.
1 last question, under the Options tab it asks for "Address Completeness Requirements" I was wondering which option to choose. Do you choose only the Mailing Address option, or Both Mailing Address and Property Address option? I would assume you want both?

[Michael Quarles]

Both Addresses

[Ryan Agustin]

Originally posted by @Michael Quarles:

@Account Closed 

Listsource is a great resource for absentee lists. 

When you pull your list use this criteria,

Under Geography pick city state and then use dropdown to find Boston

Then under Property choose bedrooms 

then  insert 1-3

now pick Last market sales date and change dates to 1900 - 2010

now pick Equity % and choose 30% thru 100%

Now pick Property Type and select SFR

now google Median Sales price for Boston ( or the city you want) and pick Trulia from the results

Now go back to listsource and choose total assessed value and insert 1 to 357000

Now choose options and check on Absentee Owners and check on exclude Trust Owned properties

now go to Purchase list and check on Remove Duplicates and youre done..

 This was very helpful. 

[Rudy Pierre]

@Michael Quarles So I used your criteria and realized that I was getting a very small list. Right after putting in the total assessed value parameter the list shrinks down to bite size. What are your thoughts on making the list larger? would you recommend removing that parameter all together or just increasing its value? I was aiming to get a list of 1000+. 

Here's a Screen shot of the List criteria.

Thanks in advance ^_^

[Julian Robinson]

If you are searching for multiple zip codes with the zip codes having different median prices, do you need to gather separate lists with each individual zip code to get the specific results?

[Veronica Olvera]

Thank you @MichaelQuarles for the detailed steps on using ListSource. I'm a new wholesaler in  the San Antonio Texas area and I've been researching the best marketing approaches, one of which can be using list providers and DM (Direct Mail) campaigns. So far I've seen that ListSource and Property Radar can be a very helpful tool if you know how to use them. 

[Chris Milan]

Hey @Frank R. is the property radar a good lists to get motivated sellers also?

[David Avetisyan]

Originally posted by @Franklin Romine:

@Erique Gibbs Since your in CA.... don't even play around with list source.  Check out property radar.  It is too good of a product to keep a secret.  I don't wholesale but I invest around Fresno.  

Frank

 What makes you recommend property radar instead over list source? 

Any distinct features?

Look forward to the response

[Franklin Romine]

@David Avetisyan

 @Chris Milan

Property radar gives you all the property data to slice and dice.  You can analyze properties quickly.   Call me and I will go into more detail how I use it.

Frank

[Andrew Dao]

@Michael Quarles Thank you for your step by step walk through. I followed all your instructions but when I get to the last step "Purchase list and check on Remove Duplicates" I checked that box all my count drops down to zero.

I tried to go back and build the list over again and now when I get to the Equity% step, it again drops to 0 counts regardless of the values I input. I tried calling listsource and cannot get through.

[Michael Quarles]

listsource is currently down. 

[Andrew Dao]

I figured that was probably the problem. Thank you for your quick response

[Cory Schwalbe]

As a new wholesaler I will be digging into this deeper! Saving this for future list generation! 

[Kyle Grimm]

@Michael Quarles Why just to 2010?

[Kyle Grimm]

Never mind @Michael Quarles I spoke without thinking!

[Michael Quarles]

I do that all of the time 

[Paul Zimmermann]

This thread has made getting started with listsource a whole lot easier! Thanks everyone for that. Only one issue I'm running into, @Michael Quarles, the "Last Market Sale Date" doesn't seem reliable in my area. Using 7+ year ownership cuts my results down to single digits for the whole state.. somethings off. Have you found "Length of Residence" to work just as well or does that not account for absentee ownership? 

[Marvin Meng]

Does anyone know why exclude trust-owned properties? I was about to purchase a list from listsource specifically of trust-owned; my thinking being that those would be properties recently inherited. Also if anybody knows of a better way to go about that I'd appreciate any suggestions.  Thank you!

[Marvin Meng]

I should clarify: I meant does anybody know of a good way to specifically target properties which have recently been inherited?

[Rick H.]

identify the document(s) which signify inherited in your target market.

For example, post-probate property that's been distributed would be evidenced by a court order distributing the real property. An executor or administrator deed would be used in lieu  of a grant or warranty deed if sold to a 3rd party.

Other documents will be used to effect other types of distribution, for example "affidavit of death of joint tenant", etc.

[Rick H.]

identify the document(s) which signify inherited in your target market.

For example, post-probate property that's been distributed would be evidenced by a court order distributing the real property. An executor or administrator deed would be used in lieu  of a grant or warranty deed if sold to a 3rd party.

Other documents will be used to effect other types of distribution, for example "affidavit of death of joint tenant", etc.

[Justin Fussell]

Great thread. I'm about to purchase my first list from list source. This was a big help in narrowing the field. The only parameter I'm having issues with is finding the median sales price for Fort worth. Any idea? 

[Account Closed]

Originally posted by @Justin Fussell:

Great thread. I'm about to purchase my first list from list source. This was a big help in narrowing the field. The only parameter I'm having issues with is finding the median sales price for Fort worth. Any idea? 

 Find you an agent in the area who you can partner with and find one that is spot on with his or her numbers. Some agents have programs that will compute average and median home prices. Better agents have that information coupled with experience and are better able to hit the nail on the head. I can personally attest that the adage is 100% true; if you price the home right it will sell fast. No big secret right? Just my opinion.

[Justin Fussell]

@Justin Burkelo, I actually have a couple agents I can probably work with. I will talk with them and see how that goes. Can you explain the significance of including the 1-357000 total assessed value parameter while compiling the list above?