OfflineI recently discovered a house that from its appearance could be an excellent wholesale/rehabber deal. I have found the owners name and address. The owner lives in the house. Below is a copy of a letter I set to her recently and would appreciate any comments.
Dear Home Owner:
I was driving around in your area and noticed your house and was wondering if you might be interested in discussing selling your house. One of the areas we work in is buying houses that need some repair and rehabbing the property to improve its appearance and value.
I am local real estate investor working with a group that buys properties in the greater metropolitan area. We are able to buy properties quickly for cash and usually can close within 30 days or less.
The typical process is that we start with a preliminary discussion over the phone to obtain some basic information. If that conversation is mutually agreeable that we arrange for me to come by and take a look at your home to get a better understanding of its condition and what repairs might be needed. Then we can work toward a fair selling price for your home.
If you are interested you can either provide me with a phone number where you can be reached. Or if you prefer you can call me @ 225-555-5555 or email me: [email protected]
Sincerely,
Bob Burns
Congratulations for spotting a home in your area that could be a deal. I have heard from other investors that the best type of letter to send to a home owner is a hand written letter with as little content as possible. You do not want to appear like a large company, just a neighbor in the area. The key is getting the home owner to call you if they have any further questions.
A friend uses the following type of letter and it states soemthign to the following:
"Dear Home Owner
I heard that you may have an interest in selling you home at 123 Main Street. If so, please contact me to further discuss the price and terms you might consider. If not, I apologize for any inconvenience. Thank you for your time and consideration.
Your name and phone number"
I hope this helps. Good luck with this potential deal. Believe and Achieve!
- Joe
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We often think of properties that are presently for sale but your idea attempts to create opportunities where there was not one before.
I will use this. Thank you Bob!
Chuck
Indiana-Joe,
I really appreciate your response and like the simplicity of it. I will modify my future initial approach in the future.
"Luck is directly proportional to the amount of effort and belief in a successful outcome!"
Bob Burns