Long Island NY · Member since 2019 · 133 posts · 104 votes
Hello All,
Does it make sense as a wholesaler or investor to get an application/service that finds expired listings? I know Real Estate Agents use similar services etc.
@Shaun J. i think the thing to take into consideration with expired listings is the fact that there is a reason the property didnt sell. In this market 90% of the time its because its priced incorrectly. If the seller isnt willing to budge on price and listing expired then they most likely wont be willing to give a significant enough discount for a wholesaler.
I see no reason why not. Prototype it, track your metrics, and analyze if its worth implementing moving forward.
I reckon results will be heavily dependent upon one's market but the possibility of lead gen from such does appear plausible from a high-level overview. If it works, more power to ya! If it doesn't, you'll have a better understanding of how to tweak it the next time you want to test it out again (i.e. in a different market, cycle, etc.)
@Shaun J. i think the thing to take into consideration with expired listings is the fact that there is a reason the property didnt sell. In this market 90% of the time its because its priced incorrectly. If the seller isnt willing to budge on price and listing expired then they most likely wont be willing to give a significant enough discount for a wholesaler.
Thanks for the replies. Thinking outside the box on this, I think I will make a move towards a platform I watched demos on before. Almost the same money as Deal Machine when you factor in the mailer fees + membership fees etc
Imo, it's times like these that there's no replacement for MLS access. Generating a relatively decent list can be generated rather quickly via scoping expired histories and marking those with a habitual track record of relisting. Not to mention, cross-referencing said listings with current listings. Meh. In any case, happy hunting!
Imo, it's times like these that there's no replacement for MLS access. Generating a relatively decent list can be generated rather quickly via scoping expired histories and marking those with a habitual track record of relisting. Not to mention, cross-referencing said listings with current listings. Meh. In any case, happy hunting!
You are right on that. I do have two agents send me tailored MLS Listings daily