Wholesale property not moving??
I have a house under contract in Canton, OH. My plan is to wholesale it. Comps range from $12,000- $50,000. Repairs estimated between $15,000-$20,000. The house is under contract for $14,000, and I am asking $18,800. I have placed ads on Craig's list and put up bandit signs. Nearly 20 people have called, but none have made an offer. I am concerned that the price is too high. What do you think?
I plan to send out letters to real estate investors in the area. Someone suggested I use this format below.
***
I desperately need to sell my property I own at _______
I’ve had it listed with a realtor for sometime now and I can’t wait any
Longer!! Take a drive by and call me and I will let you in.
The title is clear, taxes are paid, condition is good and I need it sold
A.S.A.P
Drive by call me and make me a cash offer right now…
Thank you,
****
To me, it seems that the recipient may think it is a fake letter, and I also do not want to say I am the owner of the house, because I am not. How would you suggest I structure the letter to the cash buyers as a person who has a prop under contract looking to wholesale it?-Krystal