Re: I Made a Big Mistake, Please Help - Posted by Jim FL
Posted by Jim FL on July 04, 2002 at 24:11:17:
Sounds like you REALLY NEED to move this house, and NOW!
Instead of getting out of the deal, make an effort to get a buyer.
Get your ads in the paper NOW, signs out at the house, in its windows, directionals to it, around town, flyers EVERY WHERE you can, (Walmart is a GREAT place to advertise.) and anywhere else you can get the message out on this house.
When you make up marketing materials, make sure they say things that CATCH the readers attention.
RENT TO OWN
BAD CREDIT OKAY
ONLY $2-3k MOVES YOU IN!!
Make the flyers on nice paper that catch their attention, like White paper with a color photo, and color text to catch them, like red and blue.
Bold black letters on flourescent color paper.
Make the signs verbage the same.
Hold open houses this weekend, a lot of people will be around driving the area then.
Does it have appliances?
If so, highlight in the flyers you place in front of the house, on bulletin boards, and the sign in the window, “FREE APPLIANCES!” as well as the other info above.
Granted, $2-3k is not a lot, but better than losing the deal.
You may also want to talk to the seller while doing all this.
Explain your trouble marketing the home, and perhaps offer to extend them something in exchange for covering another payment or something?
Refer them to a good re broker.
Some other ideas:
Contact local mortgage brokers, real estate agents/brokers and tell them you are looking for a T/B’er, and will pay them some of the option money collected for a lead perhaps.
Offer it “For rent” only, just to cover the mortgage payments?
Maybe a short term rental for the summer to stop the bleeding?
Send it to a vacation rental company?
They might be interested in taking your deal via an assignment?
Go get your message out to rental communities, post it in laundry mats, apartment and condo rental complexes.
Send it to human resource departments for larger businesses in the area.
Get the word out NOW! and BE LOUD!!
Tell all the neighbors in the area about the house.
A flyer titled, “pick your neighbor”, and tell them you will take any referals they have and all offers are considered.
Get to work, and make this THE ONLY THING YOU DO for the next week!
There are buyers out there.
I just sold a house there, and frankly it took longer for me as well.
That market was a real pain.
But, when we began naming what we’d take down, we got a larger response, along with a TON of marketing materials we placed out with it.
P.S. Post it online on as many FREE classified websites as you can find.
You’ll be surprised by the number of e-mails you will get.
We get a TON that way, because TONS of people from all over want to move here to this GREAT state!
Go get em!