Singing Pig

""Rialto - I thought again about what you said and have changed the discount on our application form to 25%.""  -   nice one robert  - nice one

After sending a Survey out to all our investors, we are now also asking vendors if they will accept offers of

"UP TO 75% OF THEIR PROPERTY'S MARKET VALUE"

Matt
 

Hi,

 Just wondered how everyone was getting on? Have personally noticed a sharp downturn in leads even though I have upped my leafleting over the last two months to 20,000 per month!! Could just be summer holidays, what do you think? has anyone had a similar experience?
 

 

Matt 

Hi Matt

Thats odd because as you know we are quite near to each other, but I am getting more enquiries than 6 months ago...probably 50% more

Of the increase in enquiries, 80% are buy to sell (vacant) opportunitiess - which should be no surprise. 

Also getting some great leads via EAs form those really desperate sellers.

Done one today on a property that had an offer of 124k that was turned down by the seller in March after one week on the market

She then lost another buyer who couldnt get a mortgage at 122k offer

Lady is in Australia now full time and just wanted to get rid and 'move on'

Got it for 79k (390 mort) Offered 75 - she wanted 85...settled on 79.... It was bought in 2002 for 97k

Will rent for 525 easily too

So EAs may be a good source currently in some circumstances. Ive only ever had one deal like this through EAs ever before - but did another last week to..similar scenario also...same EA,

My leaflets now say that 'we are still buying properties even though no one else seems to be! The market is in great turmoil - and showing no signs of getting better quickly...if you absolutely, positively have to move quickly - then why not speak to us NOW...we may be able to help! etc etc.

Its meant to be a very cool. 'laid back' approach - giving the feel that we dont have to buy and will buy on our terms and hopefully we can help you...the implication being that not many others can helpl them  presently. 

I believe in painting the bleakest picture we can get away with as you know, and the truth is that thanks to good old tabloid papers and tv equivalents - thats the way things are painted by them. I have also noticed less people advertising in classifieds for bmv property too

Hope enquiries pick up Matt.
 

 

 

 

Hi Greg,

 

Yeah think it might just be a blip as using the same very reliable leaflet dropper and usual leaflet design, am coming to the end of current batch of leaflets so maybe a new approach similar to the one you suggested might help.

Thanks

 Matt 

Hi Preston

Sorry to pry, but did you get no leads out of 40,000 leaflets or are you saying the ratio has dropped?

Hi,

 Yeah ratio has gone down, still getting the odd deal but number of calls has halved!! Have checked up on leaflet dropper and he is still delivering may just be the quite before the storm!.

 

Matt
 

Looks like there may be another report on BBC that will be spelling the evils of BMV

Details on this thread

Whatever they publish, you can be sure it wont be a balanced report, even coming from the BBC. As the saying goes, dont let facts get in the way of a good story