Re: No Calls On Ad! - Posted by Jim IL
Posted by Jim IL on January 31, 2000 at 20:59:07:
Don’t be discouraged by the lack of calls, this was a weekend filled with superbowl parties, and not many people read the paper past the sports page.
Keep running the ad, and you will get calls.
My Sunday ads, usually get calls Tuesday thru Friday.
you could change up your marketing strategy a bit.
Go talk to a mortgage broker, and see what programs they have to offer for less than perfect credit. They may even have a buyer on hand looking for a home now.
Ask the broker about programs that allow you to carry a second.
If they have some, (most good brokers do) , then run another ad, like this;
NO MONEY DOWN!
Seller will assist with financing
Include flyers from the mortgage broker and yourself at the home for the buyers to take and look over.
Then, when a buyer appears and likes the home, get them to that mortgage broker FAST, and set the price high enough for the buyer to get a first loan to cover your price, cash in your pocket and costs, and carry the rest in paper as a second.
You will get CASH, and cash flow from this.
if the buyer flakes, you can foreclose, and keep the first loan in place.
Since you are the seond lien holder, you have the right to keep the payments on the first up without assuming it.
Then, sell it again, and make more $$$!
Just my $.02,
P.S. Also when calling mortgage brokers, tell them what you have for sale, and what you need to get out of it, they may have a buyer on hand, and some are even investors themselves.