Expired listings

By
Real Estate Agent with Keller Williams-Indy Metro West AB

So, what are  your thoughts on expired listings? I personally am starting a expired listing campaign. I am going to do a 8 week touch campaign.  Every week I will send them a letter or some kind of information that will be helpful for a expired to know. I know of a Realtor in our area, well a little ways away from us but close enough that I am familiar with what she does. Anyway, she runs a pretty good expired campaign and from what I understand she is pretty successful. I personally have seen some of the listings she has picked up from her campaigns.

I think if you are diligent enough it will pay off. I have been a expired myself, a while back prior to becoming a Realtor. My experience with that was alot of Realtors sent me letters the first week and then more then half of them stopped by the second week, by the third week I had one person left sending me things and even he, after 5 week, gave up! IF someone had continued to mail me I would eventually have started reading their stuff. And I would have listed with them if they had continued.

 I mean, if they can be persistent enough to continue to send me information after 6 or 7 weeks then maybe...just maybe...they can be persistent enough to sell my house in this market?  They have already proven to me that they are different then quite a few other Realtors in the area.

Also, I LIKED it when the Realtor hand wrote my name and address on the envelope. That is how I opened my first letter, after my personal listing expired. I was routinely throwing the other letters away when I received one with a hand written address, it caught me off guard...I opened it.  So, I make sure that I take the time to hand write the addresses AND put a personal note inside.

 

Just things I have been thinking about today as I get into this new campaign!

Have an awesome day!

Christine

http://www.christinemartinhomes.com/

http://profile.yuwie.com/indychristine

 

Comments (4)

Bart Whitmore
Keller Williams- Louisville - Louisville, KY
Real Estate Agent
Christine I am also getting ready to target expired listings I will have to see how it goes---Bart
Mar 20, 2008 09:22 AM
Christine Frame Martin
Keller Williams-Indy Metro West - Avon, IN
Hendricks County Realtor
Bart~ Yes, please let me know too, if you dont mind!
Mar 21, 2008 01:42 AM
Anonymous
Mark

Whats the point.....the reason most of them took it off the market is they cant sell the homes for what they owe and pay the realtors 7%....It is a good time to sell however and a terrible time to buy as the value of homes will still go lower......My neighbor sold her house for 10,000.00 less than she did 1 year ago....

Sep 10, 2008 05:01 AM
#3
Anonymous
Mark

I meant could have sold last year

Sep 10, 2008 05:07 AM
#4