Quote from @Don Konipol:
Quote from @Austin Bright:
All,
I've spent the past year marketing to sellers whose information I got from propstream & property radar. I have gotten roughly 30 deals of vacant residential lots & SFHs (owner occupied/non-owner occupied/vancant) under contract.
After 100K+ addresses, I'm beginning to hit a wall with finding new motivated sellers. What are some other quality list sources with accurate information? What happens after I exhaust those?
Austin
There’s lots I disagree with as to @Jerryll Noorden, but I agree strongly with his above post.
Lists of foreclosures, out of town owners, etc., are more likely to contain sellers motivated at this time than a general list of property owners, yes. However, these lists have been worked so hard, so often, that it is exceedingly difficult to profit using direct mail, direct solicitation, etc. can be done, but takes a consistent program with a fairly high level of spending to make it worth while. it did work much better 40 years ago before everyone and his brother started doing it.
Having your targeted audience come to you is a much easier way to do business. While I have no experience with a ‘we buy homes’ website, and I would imagine it would take a very well designed site to stand out from the others, I do have extensive experience with our hard money lending website.
When I first rolled out the site it was a cookie cutter pasted from a free program from a hosting service. And while we got a fair number of hits, conversion was a problem. I then learned web development, upgraded the site, and the result was more quality hits, more conversions, more loans.
After a while the competition caught up and passed us. I hired a web master, who utilized a SEO specialist as well as a developer to maximize the site, utilizing testing and various other tools I knew little about. We had a jump again in hits, conversions and loans, and sailed nicely through the next three years.
I made the decision this year to see if I gave our web master a free hand and let her suggest a budget, if that would lead to even better results. So I spent an additional $10k on web site redesign and SEO, and the results have been incredible. Our bottom line is up 55% this year, and all of the increase is a result of increased deal flow originating from our web presence. Take from this whatever you want, but I’m sold.
That is the funny thing about opinions.
You have all the right to agree or disagree, however you are factually wrong if you say foreclosure lists contain motivated seller. See all you present is OPINION, while I bring you DATA:
LOTS of DATA.
All these people here are motivated and organic. I got ZERO foreclosures hitting my website asking me to please buy their house. You really need tpo let go of emotion, passion or stubbornness. Your opinion SIMPLY DOESN'T MATTER!!
DATA does.
Be careful though, I am not saying you will not close deals hitting the foreclosure list. But that was not his question was it. His question is motivated leads sources. The foreclosure list, although the possibility exists that there are motivated sellers in between the majority that are not motivated, in general, the majority are NOT motivated sellers.
Remember, a motivated seller is not someone that wants to sell. A motivated seller is someone willing to accept an offer BELOW market value.
Again, stop with the opinions, stop with "i know better, best"... just bring data to the table and we can have a constructive diuscussion, but in all honesty as long as you kjust pull things out of thin air, there truly is not much substanance to the post. There is just no credibility when all one presents are opinions. I detest that, more so as my entire life I have been a scientist, engineer and researcher.
I absolutely know you are wrong.. BUT I am not always right, hence I am very open to listen and review actual factual data you have and we can constructivbely figure things out. But it is qute pointless to tell me that foreclosure lists are motivated when I JUST showed you through concrete proof that they aren't right?
But I am not going to tell you that you are wrong and leave it at that. I will logically tell you why (I think) you are wrong.
You say at "this time" these lists contain motivated sellers.
That is not true.
At this time this list contain people that MUST sell. Sure I can get behind that.
There is your mistake, and it is obvious you do not understand the point I am trying to make. Here it is.
Someone that must sell, has to sell, needs to sell, are not inherently "motivated".
Someone that is willing to sell below market value regardless of reason why... THAT is a motivated seller.
You are confusing the increase on people willing to sell, with the increase of people on those lists willint to sell at a discount.
See... timing has nothing to do with it.
What is the differance between 4 years ago, there being 1 guy that is in foreclosure (with nothing going on in society) and today with 300000 people in florclcosure now that there is crap going on in society?
There is not much difference.
Someone in foreclosure does NOT want to sell. They MUST sell.. sure.. but they do NOT WANT to sell.
Let me ask you this.. what do you think is the better lead?
Someone that MUST sell, or someone that wants to sell?
Wrong.
Someone that MUST sell (but doesn't want to sell) will fight it. They will always find a reason to try to not sell.
However, someone that WANTS to sell, will find a reason to get it done. They will do what ever it takes to get it sold.
Someone in foreclosure will always prefer to keep their hous ethan to sell, THUS they are NOT motivated to sell. They are forced to sell. Motivated and forced are very diferent.
THAT is your flaw.
Now this is very important.
You can absolutely disagree with this analogy but you can't disagree with the fact that people on the foreclosure list are NOT motivated. Data proves it.
Now, you can be stubborn and defiant, absolutely. That is on you. But arguing with me is not going to make you right. Present factual intelligent data and we will revise this discussion but untill you do, all you presented is mere opinion that is already been proven to be wrong.
