I live in a resort town with many out of state owners. Occasionally I drive by a property and, because it looks like it has some deferred maintenance, I'll consider selling the owner a letter expressing interest to purchase. Given it's small town, I typically do preliminary online search- Sometimes I find that the owner is actually in real estate, but in a different state where they live, and also potentially not specifically in residential real estate.
Is it worth sending a note to these types of owners or better to avoid?
Letters are inexpensive and always get the phone to ring. Not easy to pull in deals but after a few dozen calls you will get the hang of it. Yes, send the letter for around a dollar or two you can't go wrong. Evan if you don't buy it for the few bucks it is a cheap lesson..
@Robert F strain , Thanks for your reply. Part of my thought/concern is that sending a letter to someone who's in the real estate field won't elicit a good opportunity because, presumably, they know the market. Also, usually part of the selling points to my letters is that it allows a seller to avoid commission, which also wouldn't apply if I'm sending a letter to someone who's licensed.
Do you still think it's worth it to send?
May be harder to land the deal but Never know where a deal can come from!