Posted on June 30, 2010 by Torrey

What an interesting day in Real Estate today was for me! I received a call this afternoon, that was indeed unique and exciting. I have to share the details of this call with you, my fellow Real Estate Investors, beginners and Pros.

To begin with, one of my strong strategies for effective marketing is to invest in heavy usage of  bandit signs and direct mail in order to find extraordinary deals.  My system is designed to alert me via email when someone calls the number on my bandit signs.

Well, today while doing a typical afternoon drive-by on some new leads and perspective properties, I got an email from a seller via my bandit signs.  The email surprised me because the message was from none other than a bank.  I was puzzled,  I have never known banks to call bandit signs. But this really showed me the sign of the times in Real Estate.  There are properties out there that banks own that they are really desperate and anxious to get rid of.  Believe me I have no problem with lifting the burdens off their books, at a reasonable discount, that is!

I was very curious as to what this bank wanted to discuss and how they found out about my business.  I, without hesitation, called the person whom contacted me back immediately.  I politely introduced myself and extended the same courtesy to him.  He begin to explain to me why he contacted me.  He indicated that he had  gotten my  number from a borrower that got it from one of my many bandit signs. He also said that the borrower was about to go into foreclosure and is looking to sell the property fast.  The borrower gave the number to him so that they could work something out with me directly.  The bank representative went on to say that the borrower was willing to sign over the deed and cooperate any way necessary to get the house sold.  WOW!!

I was thrilled to get this call and began explaining to them how my company could benefit them and what solutions that we could prospectively offer.  I also explained to him that in order for us to purchase the property via a short sale, we needed to be assure that the process would be quick and simple.  He totally understood and he provided me with more information on the property.

Getting this call from this bank today, was my confirmation that now is the time to buy real estate.  The tax credit has ended, buyers are not motivated all, even by the low interest rate.  Banks are the most motivated sellers in the market right now!

Tags: bandit signs, Bank, real estate, short sale

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