what's your USP?
BYA et. al., in targeting the pre-foreclosure market you're going to be going up against many, many local investors who more or less own their territory. Exactly how are you planning on differentiating yourself from them?
I mean, people in such a situation receive at least 10-15 letters a week from investors, a couple phone calls a week, and maybe even a one or two investors knocking on their door each week. And this continues for at least a month after the foreclosure process hits the courthouse records. And I'm in an area of only about 175K people, seems the larger cities would have even more investors hanging around.
Now, granted some of the investors are going to be newbies, small fries, etc. and you won't really need to be concerned with these guys. But there are also people who have been doing this for 20 years and have a system that works for them. In their system they'll be there offering the home owner a fair price, plus give them moving money. They'll promise to save the person's credit by buying the house before the foreclosure hits.
Again, exactly what are you going to offer that will make these distressed homeowners choose you over someone that's standing in their driveway with a check in hand?
I'm not saying it can't be done. I'm just saying that you have obstacles to overcome and there has been no mention in this discussion as to how those will be overcame.
BYA et. al., in targeting the pre-foreclosure market you're going to be going up against many, many local investors who more or less own their territory. Exactly how are you planning on differentiating yourself from them?
I mean, people in such a situation receive at least 10-15 letters a week from investors, a couple phone calls a week, and maybe even a one or two investors knocking on their door each week. And this continues for at least a month after the foreclosure process hits the courthouse records. And I'm in an area of only about 175K people, seems the larger cities would have even more investors hanging around.
Now, granted some of the investors are going to be newbies, small fries, etc. and you won't really need to be concerned with these guys. But there are also people who have been doing this for 20 years and have a system that works for them. In their system they'll be there offering the home owner a fair price, plus give them moving money. They'll promise to save the person's credit by buying the house before the foreclosure hits.
Again, exactly what are you going to offer that will make these distressed homeowners choose you over someone that's standing in their driveway with a check in hand?
I'm not saying it can't be done. I'm just saying that you have obstacles to overcome and there has been no mention in this discussion as to how those will be overcame.
Haha.
