I wanted to post this before heading off to church with my two boys.
Here's what I send to FSBOs which is hand written of course. Feel free to use what I've developed or modify to your likely. The key is to send letters to these people and build rapport. Marketing is part of being a real estate investor.
Here's the most recent letter I sent to a FSBO:
Dear ( FSBO ),
I noticed your for sale sign in your yard for a while now and I happen to know several cash buyers that buy properties in ( your area ) and they have the ability to close very quickly on homes they buy.
I know their buying patterns and they typically buy houses for 40 cents on the dollar which is based off the home's Full Market Value. According to the municipality of New Windsor, your home's Full Market Value is $158,428 so they would more than likely offer you a cash offer of approximately $62,000.
They may not be interested because they like 3-4 bedroom homes with 2 or more bathrooms but I can let them know about your house if you're interested. I'm not a realtor, I simply find potential houses for these cash buyers that invest in properties. There is no cash to you for me to do this either. Feel free to call me at ( 845 ) 123-4567 so I can meet you and personally take a look at the inside of the home prior to sending them the property information. I look forward to your phone call.
( signature )
Gary D. Rabatin
Note: If they call you back and you go there to meet them, bring some contracts with you because if it's a deal and you know it's a deal ( basically getting a house for 50% off or MORE ) put the house on contract using and or assigns after your name on the buyer's line and then market it to your cash buyers.
Prior to leaving, let the owner know that you'll need access into their house to show it to the cash buyers, or you may want to bring in a home inspector to see the property so work that out with them prior to leaving. It's best to be upfront with a FSBO during face to face conversations rather than leaving and then calling them with an "or by the way, I need ......" Hope this helps.
Off to church now. ENJOY!
Certified Cash Flow Consultant
Founder & President of Gold Bar Funding Group L.L.C.
Private Real Estate Investor
"Building Wealth by the Numbers"