Template for letter to off-market properties
Let me describe my situation first. I'm not going to become a wholesaler based upon the definition used here. I'm just interested in buying a primary residence in a neighborhood we have targeted of likely candidates. We own a home which I'm going to keep as a rental that is in the same community.
We are financially in a position to buy in the neighborhood and I just want to work the market of homes not on the market. My motive is simple.... we have a big family (seven kids), there are only so many that fit us. I am looking to buy and hold in an area that we view as a great long-term appreciation potential. Our timeline is 15-20 years of holding the properties.
As such... I don't need the "smoking deal". I'm willing to buy it somewhere near market value. I just want to canvass the owners hoping to find one that is thinking of listing their property or who knows..... we might find a unique situation.
So I'm looking for a good form letter to prospect this group of owners. Any resources?