New to Real Estate and my first seller encounter

New to Real Estate and my first seller encounter

Willow Spring, NC · Member since 2019 · 5 posts · 1 vote

I'm a wholesaler new to real estate. I was going to post a "standard" new comer intro, but decided to just jump in. I have spent the last month or so speaking to realtors, other wholesalers, listening to podcast, and watching lots of youtube. That's a lot of information, but one point that was consistent is; don't over analyze it, just get started.

So, after driving through neighborhoods on my way home a few days ago using the landglide app, I found my first potential property.The house looked vacant and the owner's address was next door. I pulled up any additional information I could find on the county website and started to pump myself up to make a move. After sitting in my truck for about 5 minutes I finally got out and walked across the yard to the owner's home. I knocked on the door and as my nerves started to get the best of me, someone answered.

I spent about 5 minutes speaking with the owner about the property, but she wasn't interested in selling. She is planning to give the property to her daughter. I apologized for taking up her time, but left a card with her and asked if she would contact me things changed. I got back in my truck and did a happy dance. The property wasn't for sale, but I had taken that first step and it wasn't as bad as I had thought. It took me an additional hour to get home because I was looking for every possible opportunity on the way.

I know I just blurted all over this post and not sure the admins are going to allow it here, but I'm excited. Let me know what you guys think about my first seller encounter. Advice for next time? I love feedback

Thanks for taking the time read this...

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  • Real Estate Broker · Kirkland, WA · Member since 2018 · 549 posts · 411 votes
    7y

    @Dameon Dixon

    If you've got the nerve to work that approach, that is probably the best approach. You also should have asked the owner if she happened to know if anyone else close by might be looking to sell soon.

    Remember, she's not a seller until you're in contract :-)

    Seriously, good job! If you keep at it, the numbers will work in your favor. Set yourself a goal maybe of some amount of door knocks or some (way higher) amount of phone calls or maybe some (REALLY REALLY high) amount of letters to do every single day. Take a day off every week so you don't totally burn out on it.

  • Willow Spring, NC · Member since 2019 · 5 posts · 1 vote
    7y

    @Geordy Rostad

    I'm going to post that saying "There is no seller until their in contract" on my desk. I don't think I'll continue knocking on doors, that situation was my "jump off the roof to see if I could fly moment."

    Thanks for the advice.

    By the way, what's a day off? I'm driving for dollars today (July 4)...lol.

  • Wholesaler/Investor · Dallas, TX · Member since 2018 · 260 posts · 222 votes
    7y

    @Dameon Dixon

    Congratulations on jumping in with both feet! It gets much easier, as the journey lengthens. 

    You might consider reaching out to the daughter. If the home is sitting vacant, then there is no motivation by either of them to rent or sell it. The daughter may not want anything to do with it, and may be able to convince her mother for you. 

    John

  • Willow Spring, NC · Member since 2019 · 5 posts · 1 vote
    7y

    @John K.

    Unfortunately I didn't get enough information at that time to pursue that route. Although I was thinking of sending her a mailer as a follow up. I could ask her to pass my info along.

    Good advice John!

    Thank you.

  • Wholesaler/Investor · Dallas, TX · Member since 2018 · 260 posts · 222 votes
    7y

    @Dameon Dixon

    You're welcome! 

    I would do a simple name search of the mother and you will find the daughter, quite easily. I wouldn't put the onus on the mother to pass your info along, it may or may not get done, since she is not currently motivated to sell. 

  • Willow Spring, NC · Member since 2019 · 5 posts · 1 vote
    7y

    @John K.

    Are you talking about skiptracing?

  • Wholesaler/Investor · Dallas, TX · Member since 2018 · 260 posts · 222 votes
    7y

    @Dameon Dixon

    That's one way.

    I would simply enter the address of the Mother into fastpeoplesearch.com. Then look up the relatives and do the math to likely find the daughter, by age. 

  • Willow Spring, NC · Member since 2019 · 5 posts · 1 vote
    7y

    @John K.

    Think I found her. Thank you, thank you. I'm going to contact her tomorrow. I'll let you know how it goes.

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