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For Sale By Owner Advertisement

FSBO Advertisement

This is an interesting advertisement that I found on my car after an Investor Meeting in Cheektowaga this evening......

Every car in the parking lot had one. There was also postcards for property management. The investment group doesn't allow people to hand out things unless they sponsor.

For $45,000 you can purchase a Triple unit in Western New York.

Rents are set by Section 8 Tenants (the check come directly from the state to you) Cash intake monthly is $1,645.

Interesting right? It brings up a great discussion point:

Does this type of advertising work? Did they target the right people and did it get their message to people that could act upon this? What thoughts come to your mind? Is this positive or negative for the seller to advertise this way?

What do you think?

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Colleen Kulikowski is your Western New York Real Estate Expert focusing on the sale of homes in Buffalo and Niagara Falls neighborhoods. Now is a great time to purchase a WNY home, call (716) 990-7384 for a free competitive market analysis or start the process of purchasing of a home in Western New York.
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Posted by Western New York Home Sales | Colleen Kulikowski on 04/16/2008 10:40 PM

Comments (13)

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13 Comments on For Sale By Owner Advertisement

sounds like they had the right idea by marketing to investors, but needs a bit of refinement

04/16/2008 10:48 PM

by Kim Tavares, e-PRO, AHS - Long Island, NY (Coach Realtors)

They were doing some marketing, which is way better than nothing. $45,000 for a triplex is amazing, astounding, hard to believe! Must be a typo! Way positive cash flow!!!! Why would anyone sell this cash cow!

04/16/2008 10:50 PM

by Tigard Oregon Real Estate >> Wayne B. Pruner, GRI (Oregon First)

Very interesting - not very professional looking but it must be effective - we're talking about it here on Active Rain. I think anything outside the box has the potential to be a winner. One just never knows!

04/16/2008 11:03 PM

by Debbie DiFonzo, Broker, United Country VIP Realty

Maybe Section 8 is looked upon differently in New York, but in FL, it's the curse of death! It's not something I would advertise. All the places here that have Section 8 tenants are known for having fights breaking out and the buildings being trashed. Yes, the rent is paid, but there are a lot of problems associated with the tenants. That's just my .02

04/16/2008 11:04 PM

by Lisa Hill (Daytona Beach Real Estate) (Adams Cameron and Company)

Its a "help wanted" sign! So be helpful and call him up. I would offer to do a virtual tour for $150 and put him on your website or postlet on craigs list. It will make him feel obligated to you and then list with you because we all know that FSBO's have a very low rate of success!

04/16/2008 11:08 PM

by Sara Homan (Coldwell Banker Ellison Realty Inc)

Very interesting. Any type of advertisement to get the word out these days works!!!

04/16/2008 11:10 PM

by Camarillo CA Real Estate Agent/ Mana Tulberg (Beach View Real Estate)

Colleen, it COULD work, who knows? One way to do things I suppose - kinda like papering everywhere just in case. That price seems incredible though with that much cash flow. I'd probably be curious enough to call to find out what the real story is?

04/16/2008 11:24 PM

by Mesa, Arizona Real Estate *** Teri Ellis, Broker, ABR,CRS,GRI,ePRO,MRE

Heck in our state you can get fined for doing this! I think it is like $10 per car they find your advertisement on.

04/17/2008 12:06 AM

by Todd Clark (Realtor), GRI (Washington Co, Beaverton, Oregon)

Thanks everyone! Yes the prices here are low and yes there are many opportunities with cash flow here. Western New York is full of opportunity.

Lisa totally different here in WNY. That is a benefit to have section 8 tenants in. Some owners have section 8 tenants that have been in the properties for 5 or more years.....

Sara already left a message.

04/17/2008 06:53 AM

by Western New York Home Sales | Colleen Kulikowski (Hunt Real Estate ERA)

Colleen - If it is not sold, give me a call and we'll be interested. I don't care who you are or where you're from, that kind of cash flow is hard to ignore.

04/17/2008 12:46 PM

by Greg Taylor - Investor/Attorney Serving Western KY and Calloway County (Creative Property Solutions, Inc.)

I would definitely want to know more... the price versus rents seems incredible. I would be a bit concerned about condition of property and strength of Sec. 8 entitlement. I think the marketing technique worked, since I'm interested in Tallahassee, FL!

04/17/2008 04:39 PM

by Century 21 First Realty

Well, for one thing...it got your attention and you read it then hung on to it. So it must have been effective with other people too. He might just get it sold! lol

04/17/2008 08:52 PM

by Lizette Fitzpatrick, Lexington KY Real Estate (Central Kentucky - Prudential Don Foster - Richmond KY)

It works better if it is more professionally done, handwritten. Although this type of advertising is very ineffective overall.

04/17/2008 09:31 PM

by Matthew Zgonc, REALTOR® for Modesto, CA (ERA Village One Real Estate)

It caught my attention, so there must be something to it. LOL

04/17/2008 09:38 PM

by Bob Cumiskey, US Army Retired, Your Sun City Center, Florida ~ Realtor (A 1 Connection Realty, Inc.)

What the seller is missing -- is getting financing for this type of home is extreamly difficlut... And if someone were to purchase cash for that amount there are tons of options......

Must not want to sell, has not returned my phone calls....

04/18/2008 08:19 AM

by Western New York Home Sales | Colleen Kulikowski (Hunt Real Estate ERA)

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