Marketing to probate and obituaries can be a fantastic chance to investors but for me the key to success is to prevent dealing with the problems of death and to stick to the problems of handling the home.
I begin my marketing with obituaries followed with probate filings and find it just another efficient method to obtain residential or commercial property.
Short of courthouse research study you can go to your public library and go to the recommendation department and research study utilizing exactly what is called a Polk City directory that will list if the deceased party owns property.
I utilize a basic letter that has produced great response as follows:
This is the letter that I utilize.
I am looking at buying numerous residential or commercial properties at and around ________________________( property address) and want to speak with you about the purchase of ________________________( residential or commercial property address) if you would be interested in selling.
Thank you for your time and you can reach me at () ______ – ______________.
Best regards,
John Michael
Did you know that;
Having a will assurances that your estate will go through probate?
Your precise probate cost is unknown however the typical cost of probate is 4% to 10% of the gross estate?
The typical length of probate throughout the nation is 13 months?
90% of all estates of singe-widowed adults age 60 and over go through probate?
Failure to make use of each spouse’s federal estate tax equivalent exemption can cost an estate approximately $235,000 in unneeded taxes?
***** END OF LETTER *****
Keep in mind that normally you will need to have cash on hand to make this type of purchase but you will discover some homes can be gotten through creative methods.
Using imaginative methods does work if just you ask. The worst that can happen is you will get a “NO”! So you get 100, 200 or even 300 no’s before you get a “YES” to your innovative technique such as a “NO LOAN DOWN”, “LEASE CHOICE PURCHASE”, “TOPIC 2”, “OWNER FINANCING”, or any other imaginative type of investing!
It only takes one “YES” to profit!
” You’re never ever a loser until you stop attempting.
” By Mike Ditka, Football Player, Coach