How to Contact Motivated Sellers and Close More Deals
The key to a successful real estate investing business is to contact motivated sellers who are looking to sell their homes.
Helping a seller out of a stressful financial situation can lead you to nice profits, but how do you contact them?
What Is a Motivated Seller?
A motivated seller in real estate investing is a homeowner who needs to sell their home quickly for several reasons, including:
- Can no longer afford the monthly payments
- Divorce
- Death in the family
- Moving for a new job
These are just a few examples. But, as an investor, you can step in and help them at one of the toughest times in their life to help them sell their house quickly.
The key is contacting these motivated sellers so you can tell them exactly what you can do for them.
How to Contact a Motivated Seller
Once you have a list of potential motivated sellers, you need ways to get in touch with them to set up an appointment.
Let’s discuss some of the most effective contact methods.
3 Strategies to Contact Motivated Sellers
1. By Phone
Obviously if you have a phone number, this is the easiest way to reach a motivated seller. Use a script to make the call and invite the seller to make an appointment so you can go over how you can help them. It’s okay to hear no, this means you’re closer to hearing a yes.
Sometimes a phone number isn’t easily accessible. In that case there are additional ways to contact motivated sellers.
2. Send a Letter or Postcard
On foreclosure lists and real estate listings you will always have an address. This is one of the most efficient ways to contact motivated sellers. The key is to send the right type of direct mail.
A simple postcard might attract some sellers, while another might be more mailing apt to open an official-looking letter. By developing a mailing schedule, you can mix up the mailings you use. Some examples include:
Once you have a direct mail campaign developed, the key to contacting as many motivated sellers as possible is to set up an automated system (link). By doing this, your direct mailings will be sent out at set intervals, and you won’t even need to give it a second thought. Then, you can spend your time working on other aspects of your business.
3. Signs
Having your business visible in the community is another way to contact motivated sellers. You can do this using car or truck signs and bandit signage. Bandit signs should have clear short messaging like “Behind on Payments?” or “Facing foreclosure?” with your contact information very visible.
At the end of the day, the success of your real estate investing business relies on finding motivated sellers. Developing the right strategies to contact these sellers will help you close more deals, leading to financial freedom you never thought possible.
You can find leads by using ProfitGrabber. However, if you’re just beginning your real estate investing journey, I recommend starting by downloading my Unlimited Funding Kit.