Marketing to home owners that aren't officially sellers, could potentially allow you to make large profit gains because you'll be the ONLY one offering to buy their property. I always hand write my letters because it's more personal and I get better responses with hand written letters over typed letters, but it's just easier for me to type it on here so others can see what I use. I encourage others to use it and make changes to it if you'd like should you decide to try it, and see if it works for you in your market.
Here's the letter I developed and continue to use:
NOTE: I always hand write my letters on yellow legal paper and I only send this letter to homeowners that are in pre-foreclosure. I find this information through various means.
Dear ( homeowner ),
I'm a private real estate investor and I help home owners that are facing a sticky housing situation whether they're going through a pre-foreclosure, a divorce, a job loss or needing to relocate quickly, by making cash offers on properties. My partners and I buy homes with cash and ONLY cash because it speeds up the closing process. If the information I received through public records and database searches is incorrect, I apologize for any misunderstanding but according to my findings, your property at 521 Harbor street is in pre-foreclosure. Again, if this is not the case, I apologize; but if it is the case, I'd like to help by possibly making you an all cash offer on your home.
The unpaid balance is approximately $71,833.43.
I would like to help you out in any way so please feel free to either call me at (845) 123-4567 or contact me by email at email@example.com. Thanks and I look forward to your response.
( my signature )
Gary D. Rabatin
Certified Cash Flow Consultant
Founder & President of Gold Bar Funding Group L.L.C.
Private Real Estate Investor
"Building Wealth by the Numbers"