Ive done them. Somewhere to the tune of about 75,000 of them. There good if you want to really target a geographic area. Alot of delayed responses on em...Ive bought several houses with them. I like the strategy..not love it though.
Before I spent the money on door hangers I tried using a 4 x 6 yellow letter that I scotch taped to their door. I bought a box of about 2,000 of them from staples for 5 bucks.
The response has been incredible! I've only been doing it for about 2 weeks and I would say the response is somewhere around 20%. No deals out of it yet but I a lot of very interested prospects to follow up on. I guess it's just the timing around the holidays but next year I will be doing this on a daily basis.
I want to buy your house this week.
As is OK. We have
$ Cash $
Please call me ASAP.
Lafi
Phone Number"
I hand wrote the letter and made copies through my printer. My printer is not the most advanced in the world so it jammed up a few times b/c the paper was so small, but it was worth it.
I would pull the lispendens list for a specific area and I put out 20-30 a day.(my goal is to do 50 a day for next year)
I would pull the lispendens list for a specific area and I put out 20-30 a day.(my goal is to do 50 a day for next year)
I'd find some teenagers, (clean ones) give them $10/hr to plaster them on the doors in the neighborhoods I designate, and tell them I'll give them $100 for each deal that I can close. Make different sets for each person I hired so when I saw the paper I could identify which person placed the hanger.
Hmm... This might be a good job for my daughter this summer.
Quick question for you, when the sellers call you back about your note where you stated that you will buy their house, As Is, Cash what do you say to get the listing, I am assuming your intention is not to buy but to get the listing. Thanks.
Asad, my intention is to buy the property. I target pre-foreclosure leads so these are people that are behind on payments and either need to sell or modify their loan.
Yes, I typically deliver Mon-Fri between 10AM-2PM. The logic behind that is that I want the seller when they are coming home from work, and that whoever is delivering the door hangers is going through the least amount of traffic and likely going to get more done in less time.
1. Is it better to blast a neighborhood or is it better to get a list of foreclosure drive to the address on the foreclosure? If you drive to the foreclosure it is more targeted but it does take a lot of gas..
2. Lafi are you still doing this method? Anyone else had success with this method?
For a targeted list it could make sense
Like foreclosures due to the time. I worked with our local top short sale guy years ago I helped with the marketing we did amazing with postcards
I've done yellow letters for myself it's worked amazing. I was told the other day by someone 15 years in biz. It's of training. Zero response on yellow letters. So back to supply and demand
Before I spent the money on door hangers I tried using a 4 x 6 yellow letter that I scotch taped to their door. I bought a box of about 2,000 of them from staples for 5 bucks.
The response has been incredible! I've only been doing it for about 2 weeks and I would say the response is somewhere around 20%. No deals out of it yet but I a lot of very interested prospects to follow up on. I guess it's just the timing around the holidays but next year I will be doing this on a daily basis.
@Lafi S. Do you tape the letter to the door? What message did you put on the letters?