What do most of you put on your voice mails?
When I have a property for sale. I list it on my website, put an ad in the paper, a sign in the front yard and my message on my voice mail, gives the address, what we’ve done to the property, whether it’s for sale, owner fiance or rental. I tell them to drive by and give me a call, we check rental, credit and background information (I know that keeps a lot from calling but that’s good believe me).
I’ve got a house that hasn’t sold in 6 months. I’m offering it owner financed with low down( $2,500 to $3,000) and first month payment to move in if they qualify. This property has had a great rehab but is a small 3 bedroom 1045 sq.ft. central heat and air.
Anyone give me a different voice mail that might get people interested? They only want to know how much down and how much a month. I try the what do you have to put down and they come back with how much down.
It’s getting to the point I might have to rent it. I HATE renting my properties.
What do most of you put on your voice mails?
Here is a message from Lou Brown’s course:
“HELLO, THANK YOU FOR CALLING ABOUT THE PROPERTIES WE HAVE AVAILABLE. LISTEN CAREFULLY TO THE INFORMATION. YOU WILL HEAR A DESCRIPTION OF THE PROPERTY, LOCATION AND DIRECTIONS TO THE PROPERTY, AS WELL AS THE DETAILS OF THE FINANCING WE HAVE AVAILABLE FOR YOU.”
“AFTER YOU DRIVE BY THE PROPERTY, CALL US BACK AT 770-555-1212 TO GET ANSWERS TO ANY QUESTIONS THAT YOU MIGHT HAVE AND TO SCHEDULE A MEETING FOR AN APPLICATION.”
Then give address and directions and finances. Something you may want to consider is letting them make the downpayment over 6 to 12 month payments if it is located in poor neighborhood.
Thank you for answering.
I’ve got a zillion course but not Lou Browns. I’ve heard he’s good and I’ve listened to him at RE Seminars.
Most of the people that are calling on this property have scores around 500 and no money down.
I would let someone pay out the down payment if I could find someone that was marginal but right now. I’m getting really, really risky candiates.
Thanks again for the idea. I’m changing my voice mail now.
Lou Brown’s courses are ok. I’m a Legrand fan myself and I like to buy his material on ebay.
If you are in a poor neighborhood, you may not be able to get $2500 to $3000 down payment. Maybe sell it on a lease with an option to buy just in case you need to evict them. Keep in mind also that some people may not have good credit scores in these areas because they do not have credit cards so they never establish good credit.
Just some thoughts, I’m sure others may have better ideas.
Unfortunatly we can’t do Lease Options in Texas anymore. Well, we can but there are more benefits for the buyers and more hoops to jump through for the sellers. Plus you can’t really do one unless you keep it UNDER 6 months. The fine is $200.00 a day.
Thats’ my problem! I could lease option a house before the paint was dry. Now…the people still want a lease option not owner finance. I’m sure the reason why is that they have no intention of staying or they don’t want to pay insurance and taxes (even though they really are with the payment higher than normal)
There are ways around this I think, but…it’s difficult and if it walks like a duck and quacks like a duck…the judge thinks it’s a duck/leaseoption.
From what I understand, there are ways around it. Investors in San Antonio are still doing it. From what I gathered, they do a lease as one contract and a seperate option to buy contract. Now will that hold in court? I am not sure what their strategy is exactly.
Yeah, I’ve been hearing through the proverbial grapevine that some investors in the Austin and SA areas are still doing L/O’s the same old way. I guess they figure the risk of someone finding out is minimal (just my opinion), while the gains are a lot better than with other forms of (legal) owner financing.
Dee - We conversed recently about how there are still ads/signs - even from real estate agents - that are marketing properties as lease/purchase or lease/option. I guess these might be some of those investors I’ve heard about.
I still get a lot of people calling me and asking for rent to owns (blue collar houses). I tell them we can’t do those anymore…etc, etc.
They say well so and so is doing them and they go buy so and so’s house. Most of these people won’t buy that house.
I would have passed on them for owner financing because they AREN’T going to clean up their credit or change their way of life.
I re-read some of the bill and just don’t want to take the chance. You can do them legally UNDER 180 days but there are still all types of hoops for the SELLER to jump through.
It’s my money that I’m betting that these people will not cause me grief, cash me out, not trash my house. I don’t think it’s good enough odds in my favor to bet.
My two cents.