Tax Delinquent Purchases - Mailer Question
Hi all,
This weekend, I took the plunge and sent out a mailer - I focused on tax delinquent property owners of vacant lots in a nearby county, and sent out 80 focused letters with blind offers. I attached a post-it note to increase response rates as well (“Hope to hear from you soon!”)
My question is, for the offers, I used a formula to ensure my offer + taxes owed totaled 60% of the assessment value. After seeing others’ comments, it sounds like this might be on the generous side? I wanted to err on offering to high rather than too low, to test response rates and ensure responses came in. Would love to hear feedback.
Ryan