What to do with listed leads out of the area?

Question

What to do with out of the area listed houses? From time to time I’ll have a seller reach out to me with a property that they desperately need to sell as soon as possible, But it is out of the area considerably many times even out of state and it is already listed with a realtor. How does other investors handle these kinds of leads?

Jonathan Greene · Answer

That's not a lead until the listing is over. It's a forecast of what is to come, but what you may not realize is that those issues are usually seller issues. They listed too high and now want to blame the realtor and it's not a viable off-market lead if they are listed high, but are also looking for cash buyers. It means they are unrealistic and trying to pass the blame. So you keep in touch with them and tell them you make deals off-market and once something is on the market, the price is usually higher than you would want to pay. You follow up every month to see how it's going and keep telling them good luck, I hope it sells. When it doesn't, you tell them what the real value is and how quickly you can close and end the headache.

Joe S. · Answer

So if the listing expired or was unlisted have you pursued out of area properties in areas that you were not familiar with?

What to do with listed leads out of the area?

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