In this video, we will show you how to build your real estate buyers list by placing bandit signs on vacant houses.
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Sunday, November 8, 2009
How to Grow Your Buyers List, Tip #3
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In this video, we will show you how to build your real estate buyers list by placing bandit signs on vacant houses.
In this video, we will show you how to build your real estate buyers list by placing bandit signs on vacant houses.
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2 comments:
While I can't speak for Illinois, placing a 'For Sale' sign on a house you don't own or have under contract is illegal in most states. And yes, I realize that all bandit signs are to some extent illegal in many places. However it would be unusual for a bandit sign to get you in to deep trouble. Placing a 'For Sale' sign on a property you have no financial interest in however can cost you over $10,000 in fines. And you can guarantee, that when the real estate agent lists the bank owned house and sees your sign, she will turn you in.
I would caution anyone considering this to check very carefully with your state real estate commission.
Thank you for reminding us of a great tip. Please keep 'em coming.
I recently put a For Sale sign in front of a burned out house since I couldn't find the owner and I heard from several gurus that the owner would eventually call me. This was hilarious. The owner never did call me like a lot of the gurus claimed they would, but I did get to build my buyers list from the other investors who wanted to buy it. The house had been sitting in its burned out condition for almost 6 months but when my sign went out front, the owner decided to start rehabbing it in a matter of days without ever contacting me. Go figure.
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