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Buying a house that is not on the MKT

Posted on 8/12/22 at 12:07 pm
Posted by greenwave
Member since Oct 2011
3878 posts
Posted on 8/12/22 at 12:07 pm
Say there is a house you really like and would like to purchase or start a convo with the owners. What is the best way?

I feel like I a weirdo dropping a letter in the mailbox but going to shoot my shot.

I feel like if you texted or called they would think you are a scammer or something.

Anyone done this before with any luck. I’m imagining them reading my letter and putting it straight in the trash.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18905 posts
Posted on 8/12/22 at 12:24 pm to
After Katrina, a guy showed up on my neighbors door step with a checkbook and said "how much?" He was in the house two and a half weeks later. You could try that.
Posted by OldHickory
New Orleans
Member since Apr 2012
10602 posts
Posted on 8/12/22 at 12:25 pm to
Start with mysterious phone calls saying that you’re going to kill them. Then begin vandalizing their property and leaving satanic symbols. After a couple of months, you can get a great deal on the house.
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 8/12/22 at 12:40 pm to
Put a letter in the mailbox stating your intentions. If they are interested they will call you, 99% chance they aren’t interested but worth a shot.
Posted by keakar
Member since Jan 2017
30024 posts
Posted on 8/12/22 at 1:11 pm to
quote:

Put a letter in the mailbox stating your intentions. If they are interested they will call you, 99% chance they aren’t interested but worth a shot.



this ^^^^^^

i think in most cases like this is owned by family with a group who cant decide what to do with the property or how much its worth.

let them know you are interested, and they may be willing to talk, its worth a shot

if you arent sure who owns it, check the tax assessors rolls listed online and see who pays the property taxes on it
Posted by jdavid1
Member since Jan 2014
2466 posts
Posted on 8/12/22 at 1:34 pm to
Knock on the door and talk to them. You will find out if they are interested or not real quick. lol
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24992 posts
Posted on 8/12/22 at 1:57 pm to
Friend of mine that I work with had someone knock on their door asking if they would sell their house.

Only problem is the guy wanting to buy the house wanted a "good" price for the house.

My buy offered the house for a price that he would be willing to sell it for.

Needless to say, the house didn't sell.
Posted by Chad504boy
4 posts
Member since Feb 2005
166277 posts
Posted on 8/12/22 at 2:32 pm to
quote:

Buying a house that is not on the MKT


is it a married couple living there? frick his wife, that'll get the ball rolling.
Posted by chryso
Baton Rouge
Member since Jul 2008
11867 posts
Posted on 8/12/22 at 3:26 pm to
I get about 3 letters a week from someone wanting to buy my house.
Posted by RTRinTampa
Central FL
Member since Jan 2013
5532 posts
Posted on 8/12/22 at 4:32 pm to
Problem with selling is you have to buy something else to live in. So unless they are going to make bank from your offer, most people aren't going through the arse pain of 2 closings to only break even.
Posted by ItzMe1972
Member since Dec 2013
9801 posts
Posted on 8/12/22 at 6:09 pm to
I have a new neighbor in my neighborhood.

He knocked and asked. They were not wanting to sell, but pointed to a house that was coming on the market soon. My preferred tactic too. But I'm a social guy that grew up selling.

I used to flip properties before it was "cool" It was not uncommon while fixing up a property that a neighbor would stop in to see if I wanted another.
Posted by Modern
Fiddy Men
Member since May 2011
16877 posts
Posted on 8/13/22 at 2:50 pm to
One of my new neighbors bought his house here, and it wasn’t on the market. Before he moved in, he mailed letters to everyone in my neighborhood (30 houses), wanting to buy a house in my neighborhood, and was offering cash.

Just so happened at the same time, a chick up front got engaged and was about to move in with her new fiancé, but didn’t have her house on the market, or any for sale signs up yet. And she was the one to sell to him.
Posted by Cracker
in a box
Member since Nov 2009
17709 posts
Posted on 8/14/22 at 7:00 am to
We get texts letters daily that’s how wholesalers work we don’t respond to any of them. Go knock on the door
Posted by Heyjude
Member since Nov 2019
13 posts
Posted on 8/14/22 at 8:58 am to
A realtor called us and my husband did think it was a scam at first. But we were already planning to sell, so we listened and got the deal done. It worked out great for everyone. You won’t know unless you try.
Posted by GreenRockTiger
vortex to the whirlpool of despair
Member since Jun 2020
41602 posts
Posted on 8/14/22 at 2:48 pm to
TBH - I’ve never answered any of the letters we’ve received

Go knock on the door and tell them how much you are willing to pay - maybe get prequalified (if you need to)
Posted by idlewatcher
County Jail
Member since Jan 2012
79138 posts
Posted on 8/15/22 at 10:45 am to
My dad used to drop handwritten notes on houses that he wanted to buy. Ended up buying 6-7 homes that way. I was pretty impressed.

And seeing as my dad was cheap AF, I was surprised it worked
Posted by TeddyPadillac
Member since Dec 2010
25561 posts
Posted on 8/15/22 at 11:14 am to
quote:

Put a letter in the mailbox stating your intentions. If they are interested they will call you, 99% chance they aren’t interested but worth a shot.




I would think knocking on the door and talking to the owner, and also leaving a card with your contact info would be the better route. When i get those in the mail i just assume it's a scam and throw it in the garbage immediately.
Posted by BlackPot
Member since Oct 2016
2061 posts
Posted on 8/15/22 at 1:59 pm to
Unless you have a check with every penny I wanted, I would not entertain your question at my door. If I were you, I'd drop a letter in the mailbox. But that's just me.
Posted by Tomcat
1825 Tulane
Member since Nov 2004
498 posts
Posted on 8/15/22 at 7:15 pm to
Approach in person and leave a hand written note with a business card. If you see any neighbors I would approach them about what you are trying to do. This might help eliminate the scam element.

Bottom line is you better have the right number or you are wasting your time.
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