What should I expect from a purchased list of owners?
Hi Everyone,
I'm looking to target owners open to selling their property with seller financing.
Has anyone had much success finding seller financing deals using the MLS? I'm a broker and have access to all the listing but I don't get the sense that the agents I'm talking to have much interest in talking to their seller about a seller finance deal.
I have also looked at doing a direct mail campaign to target potential owners willing to seller finance. I'm able to purchase a list of 6,033 owners for $1,000. My criteria used was owners with 50%-100% equity and are absentee owners.
Any idea what I should expect as a close rate? I understand its going to be low as many on the list probably don't even have an interest in selling.
If anyone has used a direct mail campaign for this purpose I would love to hear the results.
