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All Forum Posts by: Craig Jacobson

Craig Jacobson has started 2 posts and replied 3 times.

Post: How to comp in rural areas?

Craig JacobsonPosted
  • Omaha, NE
  • Posts 3
  • Votes 0

If there are no comps in the area, how do you comp? What about if it's sitting on a few acres? Anyone know any good tricks for this?

Originally posted by Michael Quarles:
congrats.

I've Seen as good as 52% although rare and in reality probably not realistic. The key is what's the percent of motivated to sell callers. That numbers historically only 3 percent.

I gotcha. Do you mean 3% of the total mailing or 3% of people who respond?

Sent out a measly 78 Yellow Letters to the only 78 absentee-owner SFRs in a rural community near me. 4 days after mailing them out and I've gotten 18 calls, with about 1/3 of them being potential motivated sellers. Going to look at 6 houses there tomorrow. Pretty happy about that.

Anyone else have good luck on rural wholesale marketing? I'm new to the rural aspect of it but have some buyers out there so I figured I'd give it a shot. I didn't send to any mobile homes or land owners, anyone have much success with that?

Thanks guys,

Craig