Idaho Real Estate >> ID Real Estate Specialist

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This ad brought in 5 calls in 7 hours and they are still coming in!

I recently wrote a post encouraging members to look the different opportunities the current real estate market is offering "Successful Realtors Change With Changing Markets" .  In that post I suggest looking at seller financing including seller financed free and clear homes and looking at "All-Inclusive Deeds of Trust" or "Wrap-Around Contracts" to attract buyers to homes that are difficult to sell and are mortgaged.  

I posted this ad on Craig's List yesterday morning around 10:00 a.m. and by 5:00 p.m. I had 5 calls and two scheduled appointments to show this listing!  I am still recieving calls and emails and now have 3 good buyers to move to other properties. 

This particular listing is free & clear and was on the market for 2 months whith no calls.  The owner is a widow and just looking for income.  When I mentioned the owner financing to her it appealed to her.  I told her to talk to her attorney and CPA which she did and they endorsed it.

$185000 Owner will finance this country home!

Make an acceptable owner financed offer on this wonderful home located in the middle of farm land. 3 bdrm, 1.5 bath home on .66 acre lot. Totally maintenance free with metal roof and metal siding. 1st & 2nd bedrooms are huge measuring 19'x 24' and 15'x 18'. 3rd bedroom is only large enough for a day bed. Home is all electric (heat and cooling) but seller has mainly used pellet stove in winter. Water is provided by a 2-party well used with the neighbor to the east. 26'x 30' shop/garage. Price includes a 1-year American Home Shield Warranty. To see this and other fine Idaho properties go to http://www.searchidahohomes.com/ and click on "Featured Homes"


Native Idahoan and Boise Idaho Real Estate specialist serving Boise, Meridian Eagle, Nampa, Caldwell and the surrounding Treasure valley area of southwest Idaho. Specializing in residential, investment, land and commercial real estate. Search thousands of MLS listings at Boise Homes for sale and learn all about Idaho by visiting Search Idaho Homes

Comment balloon 63 commentsGeorge Tallabas • March 29 2007 05:08PM

Comments

Great work George.  I have done very well on Craig's List - the site seems to get a lot of attention. Have a great day.
Posted by Heather Saul (Weichert Realtors Hoey Group) about 12 years ago
That is awesome, George.  Change is good!  It gets us to use our creativity to get the job done.
Posted by Valerie Baldwin, Harvey, Gresham Oregon Real Estate (John L. Scott Sandy) about 12 years ago
Thank you Heather...Yes, Craigs List is awesome.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Yes Valerie...we have to change with the markets to be truly successful.  See Ya!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Great tip to share,especially for us newbies!
Posted by Traci Fant (First Realty Company) about 12 years ago

It seems like Craigs list is becoming one of the best values for marketing.  I have also gotten many calls from the Dept of Defense referral site on my listings and recently got a few from Localism.com

George you posts are some of the best an Active Rain.  I really enjoy reading them.  Thank you for sharing your wealth of knowledge.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) about 12 years ago
You are welcome Traci...read the post I referenced "Successful Realtors Change With Changing Markets"  and you will see how this creativity has made a lot of money for those that think out of the box. Have a great day.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Randy...thank you so much my friend.  You are too kind!  I am interested in knowing about the Dept of Defense referral site you mention.  I had no idea Craigs List was so powerful until about a year ago. Also, if you put a link in every Craigs List ad back to your own site it will increase your sites ranking on the search engines.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago

Aloha George here is the DOD referral site: http://www.dodreferral.com/index_mil.php

It is one of the most fruitful things I do for my clients.  It drives a lot of interest towards my listings.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) about 12 years ago
Thanks Randy...I appreciate the tip!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
George, as always, another great post! I've never used Craigslist myself but I've heard good things. I guess it's time for me to explore it and see what happens. Any tips or advice on getting started there?
Posted by Ryan Hukill - Edmond, Realtor, Team Lead (ShowMeOKC Real Estate Pros of KW Elite) about 12 years ago

Hi George,

You do a great job of inspiring us here in the Rain to think about alternative ways to creatively market properties and we do appreciate you sharing your tips with us.

Posted by Robert and Lisa Hammerstein -201-315-8618, Bergen County NJ Real Estate (Keller Williams Valley Realty) about 12 years ago
Ryan...Thanks my friend.  Getting going on Craigs List and make sure to put  functioning link back to your site and sit back and watch!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Lisa & Robert...thank you kindly for your kind words of encouragement.  I really appreciate them.  I hope you are both doing well.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
I'll have to check out Craig's List.  Good job George! 
Posted by Michele Webb, ABR, QSC (RE/MAX Properties, Inc.) about 12 years ago
Thank you Michele...If you have any questions regarding Craig's List please do not hesitate to contact me. Have a great day!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
We do not use Craig's List but you certainly make a great endorsement for it.  I guess I need to check out Craig's list a little more carefully.
Posted by Patrick Brady (The Danberry Co., Realtors) about 12 years ago
Patrick...Craigs List is the best FREE site I have seen hands down and has done more for me than you could ever imagine.  Good luck and feel free to contact me if you have any questions regarding the site.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Once again, thank you for great advice George. Doreen
Posted by Doreen McPherson, Phoenix Arizona Real Estate ~ (Homesmart ~ Scottsdale ~ Tempe) about 12 years ago
Doreen...you are very welcome my friend.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Thanks again George.  I love the ideas you come up with.  I'm thinking about some of the programs we have as a lender and how I can apply those in a similar fashion.
Posted by Michael Hutchins - Consumer Advocate, Chicago (Michael Hutchins Ent.) about 12 years ago

George you're always in the know.  I'm a huge CL advocate.  I attribute  a nice percentage of leads from that site.  I also use a small virtual tour that I place right on CL called FlyInside  http://www.flyinside.com/ that is absolutely free.  I'm sure you've heard of it.  It just allows me to place more pics on CL.  I do like your free and clear and think there are definitely possibilities to use it.  Thanks as always for the great tips.

Posted by Ann deVane, Naperville Real Estate, GRI, CNC, CSC, ePRO (john greene, Realtor) about 12 years ago
George you proove daily that you are a force to be reckoned with! Nicely done!
Posted by Jacob Morales - Arizona Mortgage Planner (US Bank) about 12 years ago
Michael...thank you so much.  I appreciate so much your support
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago

Ann...thank you so much my friend.

Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Jacob...and and others are so kind to me..I am so humbled.  Have a great one.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Craigslist is crazy...lol. I didn't even know it existed until October 06.
Posted by Christy Powers, Pooler, Savannah Real Estate Agent (Keller Williams Coastal Area Partners) about 12 years ago

Congratulations on your results.  The best thing about Craig's List is it is FREE!  I never thought of using CL until I had a client that would call me about houses she had found on there.  I have noticed some of the local listings on there show up on the 3rd-4th page of google results -- not great but not too bad either for a free listing.

 

Rita 

Posted by Rita Taylor, Sanford NC Real Estate - Homes for Sale in Sanford North Carolina (None) about 12 years ago

Thanks Christy...Craigs List has been awesome to me.  I hope you are well.  You are awesome!

Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Thank you Rita....Craigs list has brought my site near the top!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Right on George! defiantly a good marketing tactic.
Posted by John Hudson (Formerly of WELLS FARGO) about 12 years ago
George, I would never thought about using Craigs List for selling a home. It's amazing what you learn on AR.
Posted by Wayne McMullan, Quinte Real Estate (Royal LePage ProAlliance Realty) about 12 years ago
Thank you John....have a good one
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Wayne...Craig's list is awesome dude.  Use it and watch your sales increase.  Link it to your site and watch your site clime the search engines ranking.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago

Man, this post is great! Free listings on Craigslist and Free virtual tours from Ann's link! I'm all about FREE! Thanks again for sharing George!

Posted by Ryan Hukill - Edmond, Realtor, Team Lead (ShowMeOKC Real Estate Pros of KW Elite) about 12 years ago
George, what a creative ad.  Thanks for sharing this with us.  The more ways we can effectively market our listings, the happier our customers are.  Thanks!
Posted by Maggie Dokic | Miami, FL | 305.81.HOUSE (46873), GREEN, CDPE, SFR, Pinecrest | Palmetto Bay | (eXp Realty LLC) about 12 years ago
You get lots of credit for suggesting owner financing as an option, George. Many other agents probably wouldn't even think of it. With the crisis in the subprime market I think this is going to be a popular option. Next month I'll be looking for your blog about the homes you sold to the three other buyers -- a triple play!
Posted by John Novak, Henderson, Las Vegas and Summerlin Real Estate (Keller Williams Realty The Marketplace) about 12 years ago
Nice Idea George.... With all the recent problems in the Sub-Prime market I can see how an ad like this would generate tremendous response.   This sounds great for a person with money but might be a little risky if the widow needed the income to pay her monthly living expenses.   An idea for your next Blog...
Posted by No Longer Active (Real Estate) about 12 years ago
George, I've been trying Craig's List without any luck.  I'm going to have to find someone who'll owner finance - even a bank repo would work.   Hmmmm!  I've got one!  Thanks
Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX) about 12 years ago

Ryan - Thanks and good luck to you

Maggie - You are very, very welcome

John - Thanks for the credit my friend

Kay - Craigs list has been awesome to me.  Good luck

Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago

George, Great results.  I'll have to give Craig's List another look.  I had tried it last year and didn't seem to get much.

Posted by Tim Maitski, Truth, Excellence and a Good Deal (Atlanta Communities Real Estate Brokerage) about 12 years ago
Thanks Tim...make sure and add your URL site to it so buyers can link back to your site.  It has worked wonders for me.  have a great evening.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
A year ago, Craig's list in KC got very little attention.  That seems to have changed here, as well.  Of course the magic words "owner financing" help, too.
Posted by Chris Lengquist, Kansas City Real Estate Investing (Ad Astra Realty) about 12 years ago
Thank you Chris....I appreciate your comments
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Brilliant George!
Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) about 12 years ago
I think it is fantastic. Commission on the Financing amount.
Posted by Robert McArtor, Top Listing Agent for Baltimore and Harford County (RE/MAX Components - Fallston Maryland) about 12 years ago
George way to think outside the box.   that was great...brilliant..... wicked cool
Posted by Keith Zimmer (RE/MAX Results) about 12 years ago

George,

I post on craigs list alot, but if you do not update ,it goes to the bottom of the list, we just showed a house last night from it, we get 5-10 calls a day when we re-post it.

Posted by Neal Bloom, Realtor CRS-Weston FL Real Estate (eXp Realty) about 12 years ago
Thank Chris....don't give up on it!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Renee...thanks, coming from you that is a great compliment!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Robert...Yes, go for it!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Keith....thanks for the pep talk dude...Have a great day!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Neal...Craig's list works different in so many states.  Don't give up on it and make you you create a link back to your site.  Good luck!
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Great job  - best of luck with this listing and the buyers it produces.
Posted by Thesa Chambers, Principal Broker - Licensed in Oregon (Fred Real Estate Group) about 12 years ago
Thank you Thesa....I used seller financing in the 80's because very few could afford bank financing.  I guarantee you that if Realtors open their mind Seller financing could make more sales for them.  I hope all is well.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
Craigs list is a great place to advertise your properties.  This is just 1 site though.  Who is doing web syndication?  Build your ad once and have it syndicated to 10 websites.  This is the wave of the future. There are some great tools out there to be able to do this.  Properties need to be listed in many places because buyers all have different sites they gravitate to.
Posted by Troy Chowanec, ABR, GRI, CRS (RE/MAX Realty 100) about 12 years ago
Thanks Troy....Craigs List has been awesome to me.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago

George

 Another great post and great ad.   Congrats on the response.  

Posted by Desiree Daniels (RE/MAX Tri County) about 12 years ago
Thanks Desiree....You are awesome
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago

George - Craig's List is an amazing outlet for getting the word out about just about anything!  I am thinking that the fact that the property is owner financed is also a big draw!

VAL

Posted by Val Allocco, HSE; ASHSR - Home Stager, for Manhattan, Brooklyn & Long Island (Staged 2 Sell New York & Long Island) about 12 years ago
Thanks Val...so true.  I have been in the business 27+ years and have not used seller financing much since the 80's and I am now seeing a renewed interest.  It is a matter of educating our sellers of the benefit of it.  Have  a great weekend.
Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago
This is the perfect market in which to use Seller financing and creative financing. Since interest rates are low, real estate investors are able to obtain a higher return on their dollars by Banking their equity on homes they are selling. This can be a win win situation for buyer and seller. Best of all if a buyer proves to an investor that they are a good risk by continously paying on time, they can approach the same investor for other real estate deals that may come up in the future.  The interest rate and principal can be manipulated one you have an agreement to the base terms both parties agree is fair. With over 22% of homes in Orange County being debt free, in other words they are owned free and clear this creates a tremendous amount of opportunity. In this market you can create your own deals. Just think outside of the box. Most importantly align yourself with the best professionals to assist in putting your deals together. You will make a lot more per transaction. I have never heard of a multi-millionaire that saved their way into wealth. But the truly savy realize they can't know it all. Therefore, they get a great real estate broker,lender, tax mitigation strategist, CPA, and attorney. Often times these professionals will call to your attention deals that will they uncover or create themseleves with terms. Ever think about why a seller would accept a zero interest loan? Believe it or not, it's one of the best kept real estate secrets ever! And no one talks about it! For more details on this and other Real Estate Matters call me at 714 847-3454 and tune in starting the first week of May on KRLA Sundays at 4 pm 870 AM News/Talk.
Posted by LILLIAN WALKER about 12 years ago

Lillian...thanks for your comments.

Posted by George Tallabas, Idaho Real Estate (RE/MAX Advantage) about 12 years ago

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