featured_247x137_20180126_A1Many real estate investors desire foreclosures because there is usually a pretty good return on investment. Chances are if you’ve been investing for a while, you get a list compiled of recent and new foreclosures.  It is always a good idea to filer your foreclosure list because you can then focus your efforts in the right direction for you. Here are some strategies as to how you can filter your foreclosure list:

Stay within your targeted area

This is a very basic, but important rule. You should always focus on your targeted area. Don’t waste your time mailing to listings that do not fall within your territory. A good way of identifying properties within your targeted area is to come up with a list of zip codes that are within 30 minutes driving distance from your office.

Type of property

Determine which type of properties you are interested in, whether its condos, mobile homes, detached, semi-detached etc. Establish this criterion and then filter your foreclosure list on this basis.

Pricing

As a general rule, it is always a good idea to find out the average price of the type of properties you are interested in within your targeted area. Then, subtract 50% from this price and then filters out properties that fall within this range. Don’t go for houses that are overly expensive or properties that are priced too low to give you any benefit. Keep within the targeted price range.

Equity

If your foreclosure list offers equity percentage, go for the highest equity percentage. Keep your marketing budget in mind, the number of records you want, and play with the percentage to get the size of the list you need.

Status

Foreclosure lists can be filtered on the basis of the current status of the listed properties. You can filter out the ones you would be interested in based on whether they are active, under contract or pending.

Days listed

Another strategy would be to filter on the basis of the amount of time they have been on sale in the market. You can choose properties that have been added within the past 60 days, 30 days, etc.

Price Reduction

You can also filter out properties that have had at least one price reduction within a specified period of time.

Filtering your foreclosure list is always a better idea because you focus your energy and your marketing efforts on the right properties for you. It is always better to mail multiple times to a small list, as compared to a big list, especially if that list contains properties that you are simply not interested in.  Apply the above-mentioned strategies to streamline your list and maximize your efforts.

Facebooktwittergoogle_plusyoutubeFacebooktwittergoogle_plusyoutube

Request FREE Funding Kit and Discover How To Legally Bypass Banks And Gain Direct Access To "No-Credit-Required" Funding You Can Use To Achieve Your Financial Freedom... Start Now!

Let Us Know Where To Send Your Free Chapters!
  • Enter Phone
×
Get Your Free Video Training & The Most Popular Chapters From Marko’s New Book:

Smaller headline here to describe video

Lorem ipsum dolor et tuvius unim quad precipitor valus mandumus. Quisko refugio, malle et tuvius solenti levachka tromin cretos purio. Lorem ipsum dolor et tuvius unim quad precipitor valus mandumus. Quisko refugio, malle et tuvius solenti levachka tromin cretos purio. Lorem ipsum dolor et tuvius unim quad precipitor valus mandumus. Quisko refugio, malle et tuvius solenti levachka tromin cretos purio.

[contact-form-7 404 "Not Found"]
×
×
Contact Marko

Your First Name

Your Primary Email

Subject

Your Message

×
×
Read Preview Chapters from Marko's Book!
  • Enter Phone
×