STOP Calling FSBOs on Zillow (Live Seller Call)
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- If you want to make money in real estate... STOP calling FSBOs on Zillow. Every TH-cam influencer is teaching this as a free lead generation strategy, it's a waste of time. Tune in to hear this live seller call set up by my student taking action and my breakdown of why any serious investor needs to stop calling FSBOs.
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a TH-cam video for entertainment purposes ONLY ❎
I found my son the best deal by a FSBO after looking for months for something they would like, and I'm a Realtor. This guy didn't have his listed anywhere, just a sign in front of the house. The beauty was, he had it way under valued by $50,000. 4 bdrm 2 full baths with an attached garage on 1.3 acres in a great school district. Bought it with an instant $50K in equity, 3 years later with minor work, he has $80K in equity. As an investor I always look at the FSBO's because you just never know what you're going to find but...99.99% have their property way over priced.
Most sellers everywhere have their properties overpriced period. I don't agree with this piece of advice by Pace at all considering I just got a deal under contract and resold for $20k profit and an additional 2k seller credit.
Unless the seller wants to do creative financing or owner financing
I got my first deal from a FSBO. Referred to me by a friend. It was a 10k deal closed in 14 days.
I love the way you speak to sellers. Not "Salesy", Not trying to hustle anyone, just being real and sincere.
Basically he’s saying go after people who are in distressed situations and have no other options
Pace brother, thanks for this. Staying focus on the people with pain and meet those needs should be the absolute focus. Hitting my pre foreclosure list NOW!!!!
Hey Pace, I spent months upon months upon months trying to get a deal from FSBOs b/c that's what my coach said to do. I got so good at calling them, that a lot of times they thought I was a real estate agent. YOUR TEACHING is MIND BLOWING. 3 YEARS LATER, still no deal. I was always taking action but did not know what else to do. I was following what my coaches said to do, TAKE ACTION! I had no clue that I was barking up the wrong tree. OMG!! My husband made me go back to my 9-5 b/c the coaches' advice was wrong and outdated, so I watch YT to see what else I can do.SMH
Chellisa. Thanks for sharing your story. Apart from watching TH-cam videos, why don't you join my community on the free Facebook group? paceapproves.com/communityytc
What about auctions?
Talking to FSBO right now. Gonna just give him my offer and stop calling him thanks Pace
As a real estate agent and investor I disagree. You cannot make a generalization about all fsbos. You do have a point to what you are saying about Zillow fsbos, but I can tell you personally I've gotten listings as an agent from fsbos, and as an investor I've purchased investment and flips from fsbos. Each person has a story, you just need to call and find out what it is.
You should make a follow up video about this and clarify this.
Tattooing this on your arm is a bit intense to say.
Thank you Pace! You picked up that phone and called that seller like it was nothing. 👍🏾
Thank you for tuning in! Glad you enjoyed the content!
FSBO is an excellent place to look for cash sales ... I would only 50/50 agree with your perspective. How you approach FSBO is huge...
Those are the people that think they know everything and think their house is worth a million bucks
About time someone made this!
Appreciate your content, and your community!
Much appreciated!
Disagree. What if FSBO finds out about terms and says: yeah, I want a higher price, 5%, 15 yrs with 7 yr balloon, 10% down or smth close to it? And on your side of a deal u see a good rental potential. Just create a win-win. And remember: it's free to ask a zillow fsbo who knows, it might be a cash cow 4 u. U never know, Pace.
I disagree. Not every FSBO holds up the same sign Pace. Some FSBO don’t even know what is involved when they decide to go the FSBO way and end up changing their mind.
Booom!!👊
That's right. Some FSBOs on Zillow are in pre-foreclosure. Also, not all exit strategies involve agreeing to a discounted price. I dont think it's a good blanket statement to say that we should not call FSBOs
@@jezzey07 well said I have called FSBO’s exactly as you said about to loose their home and feel they cannot afford to hire a realtor and feel they can get the most if they sell on their. Most do not know that they have other options. You don’t know what you don’t know
@@NYSRealtor1 in fact, every pre-foreclosure that someone could contact that is trying to sell their home without a realtor IS in fact a for sale by owner whether they are on Zillow or not.
FSBO is too large of a category to just say "STOP calling FSBOs". Intention, situation, exit strategy, and motives all matter.
Maybe the title of this videl can be amended. As of this comment it's "STOP Calling FSBOs on Zillow" I agree it can be a waste of time for specific exit strategies, but Pace has taught too many ways to make a deal to be saying this.
@Minerva Perez I agree with you. This particular FSBO had one objective, a quick sale for the price he wants. He didn't even want more money from Pace because it was going to be on terms. But not every FSBO is like him. I mainly work on probate leads now but my first 10 wholesale deals came from calling FSBOs that had been on Zillow for 90-180 days and I still get deals from those kinds of FSBOs. So never say never LOL
What does a seller who needs/wants to sell, who has zero or not enough equity to sell with a Realtor (without coming to closing with money) do? What are their selling options? They sell for sale by owner, do they not? Think it through. What other choices do they have? None. So, they sell fsbo. Pace knows this. He probably tells everyone not to call fsbos so he can call fsbos himself! Fsbos are GOOD sub2 leads.
Great advice. Unfortunately, our VA from Start Virtual has been trained to hunt for FSBOs in his downtime so now we are flooded with FSBO leads... It's better than nothing, but it's also not super helpful.
Pace great content! Why would I go after retail sellers with no motivation or pain. Invest off market and take control of property.
Thank you bro! Feel free to bring this question up on the free Facebook group! There are tons of students in there that would be more than happy to answer that specific question and network with you!
shor.by/8vxk
@@PaceMorby 👍
The squelch on this seller's voice vs Pace's smooth voice is crazy
Thanks for this. I've suffered calling them. How about for rent by owner?
Thank you Pace. I was about to do this and was trying to figure out in my head what was the benefit from doing so. Now I know why. Thanks for saving me a ton of time with the wrong person!
My first sale in real estate was a FSBO for $529k
Awesome!
What was your net profit on that fsbo? Thanks.
My only deal so far is a fsbo… assignment fee was 6k not great but good enough for a start!
It works.
Thanks for that pace I’m not going to use Zillow or look at fsbo’s
“Never waste your time on FISBOs” Got it 💪🏼
Sellers Motivation can change in a day! However, in the realm of probability you be better off listening to Pace for the time being.
What sign is the seller holding? Stay away from For Sale By Owners. Wasted time Got it, and Thank you!
I bought a FSBO for 38k put 25k in it and sold for 190k, Closing on a FSBO on sept 22nd. Got it for 140 ARV is 320k
Great pace thank you how can I get those leads of people in pain? What would be my best tool to find these people that needs my help looking forward to be a super hero.
I found one in Zillow my first call I felt like it was destiny. The guy it’s about to lose his house staying behind with payments I told him I’ll take over
Ron Legrand is the only person I can say Mastered fsbos, he actually teaches a course on it. With that being said I still wouldn't call fsbos because the conversion rate is hella low...
Awesome! Thanks for sharing this bro!
You're a stud man. Love the content.
Thank you! Happy to know you're enjoying it!
I got scammed this way on a vacant lot wholesale deal by the seller. Cost my buyer 500 dollars for a title and lien search for a lying seller. I had to pay the buyer back and look like an idiot. Never call Zillow fsbos again
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IMO if you are calling FSBO you don't understand what we are offering. Someone who is willing to list a FSBO is willing to go through the work and hassle of selling their property without any help! We offer smooth solutions!
YESSSSS eXACtly
Pace and Ron le grand should have a sit down to discuss this topic.
That would be awesome.
I’m interested how can I get into your class
I've actually called FSBO sellers from Zillow listing, and their first statement is "I don't want a listing agent."
Their next statement is "I don't want investors to make money from my house, I want the most money I can get from it right now."
(They think all investors must steal some of their equity to make a profit.)
Some of them actually shout at me when I tell them "I am an investor..."; they cut me off in mid-sentence with a shout "Not interested!".
They've obviously have had bad experiences with the newbie investors.
Thanks for sharing that bro.
“What does the sign say?”
…It’s been listed for 100 days no sale, still paying a mortgage, and $200k sounds good rn?
Lets go, 8:24 for the shout out. Pace gives so much its the least I can do.
Happy to know you're gaining so much massive golden nuggets from my content!
Nobody hit you up for your list?
Spot on! Appreciate everything you do!
I appreciate that!
FSBO, a four letter word beginning with F.
Ron Legrand had me calling Zillow FSBO’s, and it never went anywhere.
Where'd your skills go though?
@@michaelbatista2869 I was using VA’s provided by Ron Legrand. Luckily, I have been able to acquire a few properties since then. I did not get any of them through seller finance.
Thank you for sharing this bro!
I disagree. It's all about ARV. There's 1,000's of houses in Zillow under $100,000 with ARV's that are high enough for investor buyers.
Love this video!! Your real bro!
Pace I spent a total of 3 hours from finding the lead to sending the assignment to title. Made $7k definitely not a list to rely on but you can still get deals from it.
For sure, congrats on the deal bro!
You’ll get 1 out of every 10,000
@@newjerseydeals maybe that's how many leads you contacted to get one deal. There's a lot of variables involved in closing a deal, so don't state numbers.
Awesome job Roberto! 👏 👍🔥
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What happens if the FSBO Zillow person is willing to do terms? I'm selling a house exactly like that, but I'm willing to do terms. I'm a Subto member/student
Is the house you're selling, still up for sell?
So very good. Thanks for clarifying this.
Glad I was able to answer your questions and giving value.
I’ve gotten a house off a fsbo but the sign was just out front and not listed on Zillow.
Thanks for sharing this!
Still a FSBO
So that was a FSBO but from D4$ not off of Zillow. It's still a FSBO ;)
Wow! You’re right I’ve been in a mentorship program for several months whom send me fsbo leads daily and I have gotten no sellers agreeing to sell their home.on terms. So what options would you suggest buyer seek for leads? Thank you kindly Rod
Roderick. Here's a Sunday Service episode where Cody and I talk about generating leads: th-cam.com/video/k7fcnZrOn3M/w-d-xo.html
Also, join the free Facebook group! I have a lot of students in there that would be more than happy to help you find leads and squad up with you! shor.by/Si74
Everyday , Say ...... " I shall not be a Funky Monkey "
( Pace's videos are very educational ! ...... Entertaining Too)
😂
Is this a wholesale call? First time on this channel.
Thanks for making my niche less saturated lol. I’ll keep getting these deals while you keep making absolute statements.
Glad you're enjoying the content!
😆
Hey Damian.. sounds like you got it going on. Would you be so kind as to share just ONE script you are using that works? Thanks
Pace, can I practice on your old leads?
Pace thanks very much for your words and this lesson.
Thanks for tuning in! Glad you're gaining massive value!
How do I become part of the mentor program
Thank you Pace
Glad you're enjoying the content! Thanks for tuning in.
If it's listed on Zillow "by agent" can we still contact owner directly and work out a seller finance deal? Or do we have to include the agent fee too
Don’t ever circumvent the agent. They have a listing agreement on the property just like if you had a contract with the seller. Everything goes through them. Trying to go around them is unethical and uncool. Work with the agent.
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With this being outdated does this go for 2022? I have FSBO that's completely damaged. Older lady had it and is now in the nursing home and family need to pay money for the nursing home. That's distressed property.
Hi there! Which city is this property located in?
Rick and Zach Ginn call fsbo all the time it works!
I need help asap. my father left me a house and wants me to take over the mortgage but he wants to use the bank and I would rather use subto. Can you please help me with this.
You need to properly educate him or even show him one of my videos
Pace always on 🔥
Love you bro!
TH-cam is not only for entertainment but also education.
Yesss!!
@@PaceMorby I thought you said the opposite
@@Thenatalyterandepends on what channels you’re watching
@@PaceMorby Focus off market. Take control of property, stop wasting time and effort non motivated seller’s
Damn this GOLD thanks Pace! 👍🏽
Appreciate it!
Pace you know your stuff. Thanks
Good advice about calling on old leads.
Yes!
Where can I get a PreForeclosure List for my area?
While your experience and knowledge is excellent, the way you continue to demean Roberto for not doing a process exactly how you should of trained him to do is not okay.
Not even old listings over 90 days or whatever?
I'm working with a mentor that's been in the business for 40+ years. He's telling me to pursue FSBO on Zillow and try to get Seller Finance deals. What should I do instead because I don't want to go against my mentor's teaching?
find a new mentor
get pace as your mentor
Omg this call was 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🤯🤩
Yesss!! There are more coming feel free to subscribe and hit that notification bell to get updated when I upload.
@@PaceMorby oh I get ALL the notifications. Looking forward to more 😀 I'm getting acclimated with the subto community and as a new student I'm very excited to be a part of it! I can't stop watching this video 🤣
Love it pace
Ben. Thank you!!
i needed to here this
Shayne. Glad this helped!
love the emotion lmao
Would you say the same applies to Craigslist FSBOs?
Yes
@@PaceMorby Right on. I wonder how Señor Jerry Norton would respond to this video 😂
@@jacobamezcua6518 Interesting I am curious to know as well.
Almost all of the fsbos's on CL are advertised by wholesalers..Definitely a time waster
Exactly right. Zillow leads want their price as all cash at closing.
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“Jackass”😂😂😂😂
Harshly repeating the same words is not giving love. Good grief. It got annoying after the second time. Just explain the reason and move on with all gentleness.
it's the hardest lead to covert I don't even call the ones on my d4d list
Truth.
I'm confused, I thought creative finance was based around fsbos, then whom should I contact?
Preforclosures
Hey bro! Feel free to bring this question up on the free Facebook group, there are thousands of students and investors in there that would be more than happy to help you out!
shor.by/8vxk
so good -- in my experience FSBO's have been a complete waste of time
😂😂
Everything was going great until he said TH-cam is for entertainment not education. I'm getting a ton of education from this channel. What gives?!?
Hey I just got an education on TH-cam right here, so it’s not just for entertainment. 😉
Hey Bruce! Glad to gained value from this video. Thank you for being a subscriber!
$275,000 dollars in leads 😳😳
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Never met this guy but love'm. 😆
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there are people who are posting who cant repair their home, and we dont know what they are against to,
Facts!
I literally just did this and it was pointless af. That and facebook. Waste of time.
I disagree with you -100%
Rick and Zach gonna call fsbo all the time it works
Trucha roberto!!!
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But pace bought your own house FSBO subject to
FSBO and "not using an agent" aren't the same
Roberto is TTP!
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blue collar
body language this is totally set up
This is so FAKE LMAO
Why do you say that
I was a RE Broker for 20 years and owned 3 stores and one thing I can tell anyone is a FSBO is the biggest PIA going. Why? Simply because they usually want 12-20% more than retail value for their house and they won't budge. Their houses are not only over priced, they don't sell either, at least, not for the amount they want, nor with the terms they want. The primary considertion concerning anyone selling a house is to find their Motivation. If they're not motivated, move on. Don't waste your time. Very soon, in this market, with massive job losses coming, there will be a lot of 4closures, a lot, and oppportunities will abound for those astute enough to recognize and capitalize on them. But FSBO's, faggedabboudit.