Investors MUST be aggressive in prospecting for deals. Do not limit yourself or get lazy in where you are looking for opportunities. There are many places to look for deals and I wanted to highlight one that is often overlooked or not pursued by real estate investors.
About 64 percent of home owners with expired listings end up listing with another brokerage within 30 days, according to a Hofstra University study.
“Buyers are frustrated and angry that their home didn’t sell, and they’re looking for someone to blame,â€? Joe Meyer, GRI, of Joe Meyer Presentation, Lake Grove, N.Y. , told a rollicking crowd earlier this week at the 2008 REALTOR® Conference & Expo in Orlando.
This 64% of home owners are looking to get their properties sold and most of them have had a long drawn-out frustrating experience with a realtor and want a quick hassle-free sale of their home. As the quote says, most just re-list with another realtor and probably have the same frustrating experience. This is where a creative investor (that means you) comes in offering a simple quick closing on their home.
You can easily get an expired-listing list from your realtor. Just ask them and start contacting the home owners with your solutions.
Posted by Carter Brown
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