Those give me a high volume of incoming leads however a small percentage are motivated sellers.I also do penny saver adds with we buy house, those are being evaluated as well because I get a lot of calls from rural areas with folks looking to dump junk trailors and I politely turn those down.I am in search of sub2 deals and I also use word of mouth from relationships with homeowners, if I cant get an option on the homes I pass them to my wife who takes the owner finance listing.Finally I do a craigslist campaign for owner finance buyers, this keeps the phones ringing as well but many buyers are unloyal and seem to be fishing for something for nothing however I keep a steady flow to choose from I just need to get just as many homes to sell to them owner finance.I am curious to find out a ball park figure most spend on direct mail, SEO search engine optimization and other techniques mention in this thread.I really feel that relationship building is the key ingredient and if I can hangout with bankers then I think my network will = my networth.

My crystal ball though seems to be broken.There is still a lot of pessimism about the real estate market.

I also found out today that the owner was a mortgage originator in a mortgage company, never met him before, and learned he was upset to hear the ball park value of his property.

I thought they must be desprate and wondered if they just low ball offers.

If so are homes that are at the same price point in neighborhoods that aren't likely to see the wrecking ball a fantastic long term hold play due to a potential future scarcity of housing?

When they're buying at market prices or over they are starting off behind the 8 ball.

You can look up the street interest rates for the year it closed in historical interest rates, I imagine, I just know about what rates were in my area for a long period....Rich makes a good point that it doesn't matter, if it's too time consuming, just make the offer, if you can figure it out quickly, it will tell you in a ball park what they might take.

In other words, how willing is the typical realtor going to be to make multiple low-ball offers on distressed properties on your behalf?

Then there are those like myself that don't always learn so well that way, but if are shown ways to do the job - they can pick up the ball and run with it.

If you were you seller would to you consider that a low ball offer?