Posted by Mike Schmidt (IL) on July 04, 2001 at 10:04:55:
Same exact thing in my area. What you will soon realize is those $160K homes are being sold by NON-MOTIVATED sellers. How far of an area are you covering with your ads? Mine has run for 2 months and I have only received 1 call for a house in my city. All the other calls were for towns within 10 to 30 minutes of me. Most calls come from areas I consider less desirable and thats fine with me.
What do you think the person that lost their job and cant pay the mortgage will do, or the newly divorced couple that just want to get rid of the new house they had built, that has little to no equity or the family that is relocating and they don?t have the time or the funds to list their house with an agent will do? You will be the Knight in shining Armour, only if they can find you.
They are out there, they just might not be looking in the newspaper for help. Try Bandit signs, flyers, post on all the bulletin boards at grocery stores, Laundromats etc. The rich, middle class and poor all have problems that require real estate be sold quickly, problems do not discriminate against one single class of people or geographical location.