Flipper/Rehabber · Waterbury, CT · Member since 2011 · 14 posts · 13 votes
Hey everyone, I'm writing this post to see how bandit signs are working for other investors throughout the country and if there even still working.. I have done many wholesale deals through getting leads from bandit signs over the past 4 years but I would say in the last year I have been getting less calls on my signs.. I live in Connecticut. I'm thinking the public is getting use to seeing WE BUY HOUSES signs everywhere and starting too think this is a scam. Or sellers are listing the properties with agents because the market is starting to rebound.. What are you thoughts and feedback from your areas?
Nashville, TN · Member since 2016 · 82 posts · 137 votes
10y
Depends on the neighborhoods you are advertising in.
If you are advertising in the same neighborhoods as you were four years ago, then maybe the market conditions are different now. The deals have gone and the values have raised. Nobody would be interested in selling their low-equity house for cash because either they don't need to, or don't want to.
Be sure to place bandit signs in areas where people are most willing to sell quickly and in as-is condition. Areas with abandoned homes, under-maintenanced homes, or aging populations might be prime for deals.
I personally don't like the messaging on most bandit signs. "I buy houses, we buy houses, etc." They print nicely, but the message isn't worded appropriately.
I am taking cues from How to Win Friends and Influence People by Dale Carnegie. Does anybody really have an interest in what you do? They are more interested in themselves. A better message would be "Fast Cash for Your Home Today!" "No Repairs - Sell Today!" "Close Your House in Days!" "Sell Your Home Without Fees!"
Nashville, TN · Member since 2016 · 82 posts · 137 votes
10y
Depends on the neighborhoods you are advertising in.
If you are advertising in the same neighborhoods as you were four years ago, then maybe the market conditions are different now. The deals have gone and the values have raised. Nobody would be interested in selling their low-equity house for cash because either they don't need to, or don't want to.
Be sure to place bandit signs in areas where people are most willing to sell quickly and in as-is condition. Areas with abandoned homes, under-maintenanced homes, or aging populations might be prime for deals.
I personally don't like the messaging on most bandit signs. "I buy houses, we buy houses, etc." They print nicely, but the message isn't worded appropriately.
I am taking cues from How to Win Friends and Influence People by Dale Carnegie. Does anybody really have an interest in what you do? They are more interested in themselves. A better message would be "Fast Cash for Your Home Today!" "No Repairs - Sell Today!" "Close Your House in Days!" "Sell Your Home Without Fees!"
Flipper/Rehabber · Waterbury, CT · Member since 2011 · 14 posts · 13 votes
10y
Hey Keith Goodwine, thanks for replying.. I am placing the bandit signs in the most popular intersections in my city. I think I would give a try on changing the messaging like you said.. And How To Win Friends And Influence People is one of my favorite books..