Motivated Sellers Are Looking for YouIf you're serious about succeeding in real estate investing, you are constantly looking for houses to acquire. And while there are always great opportunities available in any given market, the problem remains that only a small percentage (1-5%) of sellers are motivated with a property that meets all of an investor's criteria Motivated sellers are the sellers you should be looking for. These sellers are called "Don't Wanters." What's a "Don't Wanter?" Simply put, it is somebody who Doesn't Want the property anymore. Often the properties owned by these people are vacant. The reasons for a seller not wanting a property are numerous: transfer out of the area; inability to properly manage a rental property, change in living arrangement (possibly due to death, divorce, etc.); inability to make the current payments; need for immediate cash; etc. The list goes on forever. The point is that a small percentage of sellers in any given market are ready, willing, and able to sell their property for wholesale (either payments or price) if someone (like you) will take their problem off their hands. So, how do you find these Don't Wanters? It's a numbers game. The more offers you make to "Don't Wanters" the more houses you'll buy. There are several creative marketing techniques that will bring people to you rather than you going to the people. Interested? These are low-cost, low-effort marketing techniques that will bring you BIG results. Implement as many of these steps as humanly possible, immediately. 1. Small Newspaper Ads I Buy Houses, Cash for your House in 24 Hours I Buy Houses with non-assumable Loans 100% of Value of your Home if you will be Flexible with the Financing I want to buy Real Estate, Wholesale-Fixers OK I Buy Distressed Real Estate-Call John 24 hrs. a day for Fast Cash In Foreclosure? We can Help Cash in your Pocket in 72 Hours I pay up to 100% of Value for homes with FHA or VA loans Family Wants to Buy a House for $2,000 Down Look in your papers and see what kind of ads other people are running. Remember, when people are desperate to sell they are looking in these small papers for a lot of reasons: they are checking on their Home for Sale ad; they are looking for a new house to buy or rent (their house is often about to be lost to foreclosure); and they are checking up on their other items for sale in the paper (car, furniture, etc.). These ads really pull. Be creative and have fun with them. 2. Major newspaper weekend edition ads Use the ads we just talked about. But beware. The major newspapers are expensive. My recommendation is to run your ad ONLY on the real estate ad day in your local major newspaper. Relatively few people look at the real estate classifieds on days other than the real state ad day. As newspaper advertising goes I have found that we get a much better response from the smaller local newspapers for a lot less money. 3. Signs Put up signs in the neighborhoods where you invest. Think about it. Haven't you noticed all those signs stapled, nailed, and taped to poles? And all the signs stuck in the ground at what seems like every intersection? Make sure you are not breaking any laws in your local are before you use this method. Use basic fluorescent copy paper. Keep it very simple. Use a one-sentence blurb (like the ads) along with your phone number. Put the signs up on every pole in the neighborhood. Pay special attention to the major intersections. Ask for what you want. 4. Door Hangers Have you ever received one of these on your door? Did you look at yours? People respond to door hangers. And probably you have too. Ever bought a pizza from one? Ordered Chinese food? How about called a landscaper, maintenance person, window or house cleaner, Realtor, charity, or pool man? They all use door hangers and you should too. Use some of the ads that you already developed. Most print shops will design and cut door hangers for you for just pennies apiece. Door hangers work. Hire out the delivery job to high school students. However, a lot of people pass out the door hangers themselves. It's a great form of leverage. Where else can you exercise, do market research, become educated (listening to tapes), and make money all at the same time? So get out there and do this one now. Beware: In the United States the US Postal Service considers it a felony to tamper with the mail. If you live in the US do not place your flyers or hangers in people's mailboxes. 5. Bulletin Boards If you look, these are available all over town. Look at your Community Center, unemployment center and Town Hall. Use the same ads you've already been using. 6. Handouts You can either hand out or put your message on car windshields. Do this at shopping centers, parking lots, school events, and sporting events in your local area. 7. Realtors Many Realtors spend a great deal of their time trying to get listings. But, alas, they often fail. Tell them that you are willing to make a wholesale offer (cash or terms depending on your Niche) on every property they list. Don't shortchange them. Pay them the normal commission on the acquisition. But remember, you'll probably sell the house yourself without the help of a Realtor. This way the new buyer can pay the commission. This strategy can put dozens of Realtors out in the field working for you every day! 8. Expired MLS (Multiple Listing Service) listings A lot of people who list their house with a Realtor have their listing "expire" without the house being sold. Many times these are people who are very desperate to sell. The problem wasn't their house or the price. It was their Realtor. Because the Realtor didn't understand how to implement "Wrap," "Lease Purchase," or "Lease Option" strategies, the property never sold. Ask your Realtor for a copy of the expired MLS listings. Contact the people and see if they are still interested in selling. If they are you've got yourself a "live one." Get out there and help them. 9. Referrals Tell everybody you know that you buy real estate. Let them know that you will pay a referral fee ($100-$500) on every property they refer that you acquire. You'd be amazed at the results this strategy can produce. Some people are great "bird dogs" when properly motivated with a little cash. Please be sure to check your local rules and regulations in regard to referral fees. 10. Mailers Contact a mailing house (found in your yellow pages) and get a list of all the houses in your area(s). Put together a simple mailer telling people what you do. This does not need to be fancy or expensive. In fact, one of the best ways to do this is to use a post card with your message and phone number. The nice thing about post cards is that the postage is less and you don't have to pay for an envelope. Most mailing houses have a department that can help you design low-cost mailer pieces that work really well. 11. Cooperative (Co-op) advertising Do you ever receive junk mail containing advertisements for multiple companies? One company that does this is called Value-Pak. They send out a mailer in an envelope with advertisements from several different companies. Everybody shares in the cost, thus greatly reducing your individual cost. Again, put together a simple message. Like the mailing houses the Co-op advertising companies will usually have people on staff that can help you put together a piece. Direct Mail Fact: Market research obtained in too many studies to even number unequivocally shows that you will receive a much higher rate of return (people who are interested in what you want or are offering) with a 3-step or 4-step mailer. Meaning you mail a piece (usually different each time) to the same people 3 or 4 times. You can also have great success mailing the same basic piece over and over (once a month to once a quarter) to a neighborhood I am targeting. 12. Legal newspapers People in foreclosure, divorce, bankruptcy, etc, will often look in the Legal Newspaper to see their legal notice. Most investors overlook this opportunity. Most of these papers do take classified advertising. So put your ad in and let the people looking at their ad see your ad offering to help as well. 13. Grocery store carts and benches Many grocery stores sell advertising space on their carts and front benches. Many Realtors use this space so why don't you? 14. Bus stops Many communities sell advertising space at the bus stops. This advertising is seen not only by the people commuting on the bus. Pedestrian traffic and people driving by also see it. This is particularly good if you can place a sign near a stoplight. 15. Laundromats Post your message on the bulletin boards of the local Laundromats. Ask the owner if you can put up a sign. If necessary offer to pay a very small fee. 16. Car Washes Talk to the manager about having them hand out your flyers. Offer to pay them a small amount per car. It could be a big win for both of you. Also, if they have a bulletin board put up your message. 17. Yellow Pages I have seen successful investors advertise right along with the Realtors. Make sure to mention that if they call you direct they won't have to pay a real estate agent a commission. 18. Restaurants Many restaurants put advertising on their menus. Check availability at the restaurants in your area. Look for bulletin boards and put up your flyer in the restaurant (if available). 19. Restrooms (Don't laugh!) Have you noticed the advertising in the restroom stalls? It is very low-cost and lets face it for a couple of moments you have a truly captive audience. 20. Mail Centers All across the world Pak-Mail, Mailboxes etc, type places that provide private post office boxes and other services. These almost always have a bulletin board. Get you message up. 21. TV Guide Most Sunday Newspapers offer a free TV guide. Small display ads 1" x 2" are usually very reasonably priced. Some local shopping centers even produce their own TV guides with advertising. 22. Television Most cable companies offer a TV Guide with a listing of shows on that day. On the top of the screen is constant advertising. You've seen it. The Psychic Network, credit repair, bankruptcy attorneys, etc. In many markets this is an incredible bargain. Especially in non-peak time. Check it out. You may become a TV STAR!!!! 23. Special TV programming In the US, many parts of the country now have "Homes for Sale" programming. This is where real estate agents show you videos of homes and tell you all about them. These programs can generate a tremendous amount of name recognition and business. You don't have to be a real estate agent to do this. So check it out. 24. Radio As your business expands you might want to look at radio advertising. Many stations offer "economy" packages that are quite reasonable. 25. Billboards I have a couple of students who have very successfully used billboards; on the side of the freeways, for example, to advertise their message. Just imagine the response!!! You could have tens of thousands of people per day see your message. There you have it. The 25 Strategies of Creative Real Estate Marketing. The strategies are easy to implement and get started. Many require next to no investment. So commit to Wealth. These strategies will have your phone ringing "off the hook." Get out there and implement these strategies. You'll be amazed by the results. Caution: If you live in a rural area or small town I recommend you phase in these steps. In a small area it is possible to over expose yourself if you are not in a position to efficiently and professionally handle the large response. Remember to go at a speed that you can handle. Tip: All of these techniques are fantastic low cost ways for finding properties to buy. They are also the most cost effective way to re-market your properties. Last But Not Least-Don't Give Up!!!! Just because you don't get the response you want
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