How to Leverage the Marketing Dollars of US Home Auction ( ushomeauction .com , REDC ) to find buyers for your real estate short sales
by D.C. Fawcett
Filed under real estate short sales, reo properties
I was talking to one of my Gold level coaching students about this strategy and I decided to post it so you can see it as well.
REDC stands for Real Estate Disposition Corporation. The company was started to capitalize on the wave of Foreclosures and REO properties. The same thing happened during the last foreclosure boom of the early 90’s. Only that time Hudson and Marshall, www.hudsonandmarshall.com , was the company that was aggressively listing bank owned reo properties.
Okay, now for the good stuff. Let’s break it down step by step on how you can find buyers for your properties while letting REDC foot the bill for the marketing. This company is literally filling convention centers with hundred of buyers with all of the marketing they are doing. They are all pre-qualified as well so you know they have cash or credit because they have to bring a deposit if they want to bid on any properties.
1. Go to www.ushomeauction.com and find the time and place that REDC is coming to your town. When they come, they will be bringing hundreds of qualified buyers to a central meeting place where they hold the auction. It’s usually in a convention center. In Tampa, its at the Tampa Convention Center,
Ushomeauction is in 27 or so states. This strategy applies to any company that is doing a lot of advertising so use it where you see fit. If they’re not in your state, find a company that is. See list below for more ideas.
2. On the day of the auction or the night before the auction, go to the area where the auction is being held and post your signs everywhere from all of the main roads and highways on all of the corners and turns leading up to the meeting place. These signs should be made to attract attention. I use handwritten signs that say “Foreclosure, Need to Sell Today” with my phone number on them. You can also Post your “Handyman Special” or “Investor Special” signs with your website address and phone number on them
This is the language that attracts buyers because they think you are motivated. We get tons of calls from these signs. I have a guy that puts up signs for me and we pay him $1.00 per sign. After he’s done, go out and drive around the streets to make sure he did what he said he did. If you don’t check up on your sign hangers, they will start to cut corners.
Your signs should be up before the auction starts and they should be up when it ends so you can get the traffic going to the auction and the traffic leaving from the auction.
3. Add all of the leads that call you or come to your website from these signs to your
buyer’s list. Make sure you get their email address when they call. Now you have a qualified list of buyers you can email to for every new property you get. Your properties will be sold before you even get your real estate short sales approved.
If you were to do all of the advertising that REDC does to attract these buyers, you would be spending tens of thousands of dollars like they do. Now you got all of these buyers on your list from their marketing efforts.
Let me know what else you want to learn about Foreclosure investing and I will post a new lesson for ya. Just submit it as a comment below
Here are some other auction sites you can check out as well:
mylandhome.com
ushomeauctions.com
ushomesauction.com
homeauction.com
ushomesauctions.net
firstpremiertrust.com
redcpublicsale.com
studio-auction.com
quickreo.com
hudsonandmarshall.com
auctionaz.com
countyrecordsresearch.com
kwiauctions.com
flhud.com
hudhomesnow.com
foreclosureconnections.com
hudsonmarshall.com
propertyauction.com
realtybid.com
las.interealty.com
Let me know what else you want to learn about Foreclosure investing and I will post a new lesson for ya. Just submit it as a comment below. Don’t worry about the section where it says username. Just put in your name or anonymous.
Related Real Estate Investing posts:
CaryTracy Real Estate currently has 27 properties and we need buyers asap. Please contact me at this number (614)986-7118. Thank you.
I have seen the web seminar with DC, however in this lesson above assume I get 10 peoples name and I want to make an offer on a property with the plan of selling it to a buyer. Do I contact before I have the property and get a P & S from them to buy? How do I know if I will get property I cannot seem to get this link filled in.
also do you have the Tampa area Lutz tied up?
Joe
508-336-2049
cell 401-952-1603
do you think the best way to get started in investing with nocredit or cash is doing contract assingments?please reply
how about starting out doing contract assingments?
i live in eastern washington state tri,cities,wa
like kennewick,wa.send me more tips/happy turky.
by-julian
Dc. Your a genius, I never thought about marketing
at auctions by using your techniques. I would hand out flyers but the auctioneer would throw me out!!! Thanks for everything, if your ever in Ohio i want to take you to lunch call me 1-513-487-8986
DC. do you have any foreclosure investors that have taken back a mortgage, land contract, wrap around, or trust deed and needs all cash could you let me know I have investors who will buy the paper. Thanks Les, http://www.cash4cashflows/lyoungnotes
1-513-487-8986
Hi Dc, I am new on your program. I am a loan officer in VA and I’m trying to do some business with short sales as you say. The question is how can I do with the FHA regulation that dos not allows to make a transfer of any property unless we wait at least three months from one to another transaction.
And Tank you for your tip it is a fantastic idea to get buyers
I would love to offer my services when you have the hses ready to look at open (the public) before the action takes place.I am a realtor and would love to sit on the open hses to be viewed at on weekends.My cell no is ..972-612-2583 c/o Keller Williams Realty in Dallas Tx (I live in Plano Tx )and would love to help where I can .Thanks .
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