Real Estate Agent · Charleston, SC · Member since 2013 · 424 posts · 99 votes
Back in the day, there was a way to look in any specific area and find houses that had (or likely had) equity in them. Then there was a guy who would take your address list and make letters and little envelopes that looked handwritten to get them opened by people with equity. I did this as an RE agent ten years ago and I had an overwhelming response. Is this still possible or in existence?
Buy their listsource subscription for a discount on listsource.com leads and they can do the mailing for you too.
Thank you! Don't have my license reactivated again yet, suffering through Kaplans real estate course for my education requirements but I plan on knocking it out of the park with this method again. If I sell just two houses by years end I'd be giddy.
Investor · Indianapolis, IN · Member since 2015 · 270 posts · 217 votes
1y
That sucks. What I do here is just call downtown and ask them to send me a spreadsheet of all the parcels in the city and they do it. It's free too which is nice. But it does not have equity data. Might be worth a shot.
That sucks. What I do here is just call downtown and ask them to send me a spreadsheet of all the parcels in the city and they do it. It's free too which is nice. But it does not have equity data. Might be worth a shot.
Does that's show you when the mortgage was originated on the parcel so you can approximate how much equity they *may* have?
That sucks. What I do here is just call downtown and ask them to send me a spreadsheet of all the parcels in the city and they do it. It's free too which is nice. But it does not have equity data. Might be worth a shot.
Does that's show you when the mortgage was originated on the parcel so you can approximate how much equity they *may* have?
No that doesn't include anything about liens and even if I had those it would require some serious data crunching. Even paid providers like listsource can only do rough estimates. Maybe propstream or some other provider has your areas but I've only ever used listsource for paid data so I couldn't recommend anyone.
You could try to approximate it using last sale date which is generally easier to find. The list I get doesn't have that either. But this is just my county anyway. Yours might be better or worse.
Specialist · Georgetown, TX · Member since 2018 · 48 posts · 24 votes
1y
Hey Jason,
Propstram is a great platform to use. You can find, analyze, and market to homeowners all from this one platform. They even have a "High Equity" button so that you easily drill into those homes if that is what you would like to focus on.
However, once your license is re-activated you should have access to tools that help you access the data though your broker or local association. Once you are able to create your own mailing lists as an agent it might be more economical to use one of the many marketing companies that target agents to handle your direct mail campaign.
Propstram is a great platform to use. You can find, analyze, and market to homeowners all from this one platform. They even have a "High Equity" button so that you easily drill into those homes if that is what you would like to focus on.
However, once your license is re-activated you should have access to tools that help you access the data though your broker or local association. Once you are able to create your own mailing lists as an agent it might be more economical to use one of the many marketing companies that target agents to handle your direct mail campaign.
Thanks for the info. I'll definitely need to do some of their tutorials or webinars to learn how to use this tool. I imagine the MLS is more sophisticated from when I last left it as well.
Propstram is a great platform to use. You can find, analyze, and market to homeowners all from this one platform. They even have a "High Equity" button so that you easily drill into those homes if that is what you would like to focus on.
However, once your license is re-activated you should have access to tools that help you access the data though your broker or local association. Once you are able to create your own mailing lists as an agent it might be more economical to use one of the many marketing companies that target agents to handle your direct mail campaign.
Thanks for the info. I'll definitely need to do some of their tutorials or webinars to learn how to use this tool. I imagine the MLS is more sophisticated from when I last left it as well.
Since you've been out of the game for awhile, you would probably benefit from a tutor who would take you through the process. Getting occasional answers on BP is helpful, but slow and tedious. If you would like some sources specific to your questions, drop me a line.
Letters don't have the same response rate as it did pre social media
Social media was certainly around in 2018. Not only that but there are many homeowners who are not around on social media or are very inactive and prefer a good ol fashioned letter with a phone number to call. I did sign up for propwire/stream to have a trial and see what it's about but there's so much information and tools on it that I feel very overwhelmed and am unsure how to use it.