This post is just to give hope to everyone in the business and to the media and to those who think the Real Estate Market is dead and to the buyers who are still waiting!  I am in the Chicago Real Estate Market and decided to think outside the box a little bit.  I kept reading how mortgage applications were down and how even though interest rates were low, people still aren't biting.  So, I thought I would share a marketing strategy with you to help you generate some business both on the Real Estate Sales side as well as the Mortgage side.  I decided to run a newspaper ad in the Chicago Sun-Times for individuals who were looking to Rent To Own (Rent with an option to buy).  I run the ad from Friday of one week to Sunday of the next week (10 days).  Within 5 days of running the ad, I have had 100 callers to call in, about 30% left messages, and the other 70% I have their number through the call capture 800# I purchased years ago and wasn't getting much utility from.  I am pleased with my results as 1 of the prospects has already paid for the cost of the ad 10x's and the other leads will go through a Rent to Own Program that I have partnered with a Realtor to complete.  If you haven't used classified ads, this is definately an opportunity for you to grow your business.  If you are a buyer who is on the fence, please look into this program.  For more information please feel free to visit my website www.ceceliaknowsmortgages.com  My pipeline is now growing and my Realtors love me for being able to send them referrals.  If you'd like more info on how myself and the Realtor partner on this program please feel free to contact me.  Just thought I would share some valuable tips to get your phones ringing again!

Cecelia Marlow - Senior Mortgage Consultant - 1-800-724-7001

 
This post has been included in Illinois Information Cook County, IL Information

7 Comments on 100 New Prospects in Less than 5 Days!!!!!

FEB
28
2008
That was definitely thinking outside the box!  Great job....
6:19am • #1
408,393 Points 3 Featured Posts Outside Blog
I recently advertised that they I can help people find a lease purchase property and a client of another agent called the agent and the agent called me saying he want to show the property .
7:29am • #2
Marvelous post - talk about thinking outside of the box.
6:22pm • #3
Outside Blog
Sounds like a way to get some buyers qualified.  Alot of times rent is so high its better for them to buy.
6:31pm • #4
I have been running little blubs in our local free paper and it does pay off...
6:34pm • #5
Great Idea!  I am curious what is your realtor doing with these prospects until they can buy..are they helping them find homes to rent or putting together land contracts or lease purchase agreements?  Or are you able to put the mortgages together with type B lenders? Thanks
7:02pm • #6
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The realtors who are working with me on this program are taking those who are looking for straight rentals and finding properties for them.  The individuals who are actually doing lease options, they are finding properties that are available for that.  The individuals have to enroll in a credit restoration program that we offer to make sure they can secure financing at the end of their lease.  Pretty simple.  There are few that are actually in a position to buy right now, so of course they forego the Lease Option program and we put them right into our 1st Time homebuyer track.   Thanks for the question!

9:44pm • #7

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Cecelia Marlow

Chicago, IL

More about me…

PanAmerican Mortgage, LLC

Address: 6232 N Pulaski, Chicago, IL, 60646

Office Phone: (773) 782-6000

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Real Estate Information an Education

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