Here’s a great question I heard from a student recently on one of our Inner Circle calls about owner finance offers:
“Could you discuss the terms and the best way to structure an owner financing offer? I know these work best when the property is free and clear, but I’m a little unsure of how to determine the best terms.”
It’s an absolutely perfect question, but more than I should cover in a single post. So, I’m turning this into a two-parter.
In today’s edition, I’ll walk through why and how it makes such good sense to make clear, compelling
In my last few posts, we talked about the significance a proven marketing tool can have on your real estate business.
I even let you fine folks swipe and deploy…
I also shared the 3 levels of opportunity in the bank foreclosure arena: pre-foreclosure, which happens before a sale; pre-list foreclosure happens in the weeks/months between the foreclosure auction and the live MLS listing; and the post-list foreclosure / REO (real estate owned), which is when the bank has foreclosed on the property, owns it
One of the best direct mail pieces to reach a seller is by a seller letter.
And, today, I’ve got a special swipe and deploy for you that…hint hint…may have something to do with just this very topic.
Like I mentioned in my last blog post about my proven postcard, there are 3 levels of opportunity in the bank foreclosure arena.
These 3 levels of opportunity are:
- The pre-foreclosure stage, which happens before a Sheriff/Trustee sale.
- The pre-list foreclosure happens in the weeks/months between the foreclosure sale and the live MLS listing.
- The post-list foreclosure / REO =
Did you know that a seller postcard is proven to get a 100% open rate?
I’ll explain how in a minute, but first I’d like to talk about the 3 levels of opportunity in the bank foreclosure arena, specifically pre-bank foreclosures, which is also known as pre-foreclosures, where the bank foreclosure is looming…
What does that mean?
Well, it means that an owner is significantly behind on their mortgage payments — they’re a defaulted borrower but still own the property. The bank does not have possession of the property. This pre-foreclosure stage happens before a sale.
There’s also a pre-list