Get Abandoned Property Real Estate Listings

How to get abandoned property listings? The strategy to get abandoned property listings is to find abandoned properties, contact the property owner.  The ownership records can be gotten from public records or your title officer. Systematically and respectfully contact the owner of the properties.  You already know the property is a burden on the property owner.  There maybe a loan(s), lien(s), tax(es), judgment (s) against the property, which will be causing a negative cash flow to the property owner.  Do not be intimidated if the property is owned by a corporation, LLC, or a large entity. How to approach the property owner of the abandoned property? The property in its current condition, the property is decreasing in value and the owner is losing money.  The property is exposed to trespassers, squatters, someone getting hurt in the property.  Most likely the property owner will want to sell the property for the highest value the market will pay.  A great line to say to sellers is, “I will take care of everything”,”just give me the wiring instructions for your bank” Where do I find abandoned property listings? There are abandoned properties everywhere you just have look.  When I was active in real estate it would see these properties all over the city while I was driving to my appointments. Abandoned Properties Burned Properties - fire department will have list Empty Lots - County Recorder/title company will have list of vacant lots Condemned Properties - City Records What is the process to get abandoned property listings? Find abandoned properties Contact owners Offer to list the property Get listing Property MLS Negotiate the highest price - best terms and conditions Close transaction - create Win/Win Ask for referrals get the owner name and contact info and contact them. The City would have a list of condemned homes. Obtain the ownership records of the abandoned homes. Sample Letter: Listing Letter Abandoned Properties. Sample: Listing Script Abandoned Properties Listing Agent-Good Afternoon,  May I please speak to Mr. Seller Owner - Yes, that me Listing Agent - You are the owner of 123 main street, your city Owner -yes, I am Listing Agent - I am the area specialist for city, neighborhood.  How long has the property been vacant? Is there a reason why the property is just sitting there.  The property is exposed to trespassers, squatters, someone getting hurt in the property. Owner -We inherited the property- it was my parents' house. Listing Agent - My major concern is that more problems might develop if something isn’t done soon, and that could complicate things. If you like, I can put something together that will financially benefit you and relieve you of the headache of a vacant property.  I will do all the leg work and I can close the transaction fast. How would you like an escrow check in the amount $________ in less than 30 days. Owner-That would be great let's get started. What is the key to success for a real estate agent? Follow up - Follow up - Follow up is the key to success for real estate professionals.  Once you make contact with the owner of an abandoned, vacant property keep in contact with them.  Respectfully contact them once a month.  Send them market update newsletter, send them listing postcard or simply send them simple letter with your business card. Recent statistics show that it takes an average of seven communications to get a sale. Gather a list of 100 abandoned vacant properties and systematically contact them the owners.  According to National Association of Realtors.  The average homeowner sells their property between four to seven years.  The probability of an owner of a abandoned property selling is much higher than the average property owner.