As I drive neighborhoods, I often see many For Sale By Owner (FSBO) properties. I usually will get a flyer from the "Take One" box. However, I must confess that I normally take two, one flyer for notes and a clean copy for my file! If the price is in my range I will call to find out more information. I also try to find out how motivated the selelr is and what chance, if any do I have of them carrying some of the financing.
The thing I have noticed during the past few months is when FSBOs do not sell, they usually go to a realtor to list their proerty. Then it hit me, why not mail the person a letter something to the effect of the following.......you like their home but at the current price it is not financially within your means for you to submit an offer at this time. In the event they lower the price, or are considering listing their home with realtor to call you because maybe you can construct a deal that can be a win-win for both of you.
I have not tried this idea yet but I believe it should get you some calls! Let the DG family know if you have other tips or success with this idea. Believe and Achieve! - Joe
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Joe Jurek CPA