Originally posted by @Richard C.:
Just suggesting a change in perspective. You drove the car into their garage, and asked them what they thought. Don't be upset if they kick the tires.
I get a certain amount of direct mail from "investors." It is mostly annoying. I almost never respond. But if I ever do, they should keep in mind they are offering to buy a property I was not offering for sale. I could sell it at any time for 70% of FMV. Actually, I could sell it at any time for 100% of FMV (That is what FMV means.) So if you ask me if I would be willing to sell, don't complain if I know something about the market and refuse to give it away.
You will be happier if you just train yourself to be happy you are getting responses, and not to get upset about people YOU made contact with, "wasting your time."
Two thoughts...
One.. you get annoyed really easily. I am an out of state investor so I get similar direct mail from "investors".
You know what I do (since Im not interested in selling)? I trash the letter.
You know how long that takes me? 1 second.
You know how annoyed that makes me? Not at all.
Two...
As for FMV... that is a MASSIVE over-simplification. Yes, it can be sold at 100% FMV.. if you can wait for the right buyer and if they can get financing and if it is in "100% FMV condition". And if you sell it yourself.
If you are behind on your payments or going through a divorce or are sick and tired of dealing with tenants from out of state or if the property won't pass FHA inspection or if the OO buyer think it looks terrible then no.. you really CANNOT get 100% of FMV.
So even if you personally do not fit into any of those other categories, maybe someone else does? I have bought properties located from direct mail. It seemed like both parties were happy with the transaction.
