According to the National Association of Realtors, the average owner-sold property sells for $174,000 while the average agent-assisted transaction is $215,000. What this means is a loss of $40,000 for the home owner trying to avoid the 6% agent commission. It’s no surprise, then, that 88% of these FSBOs eventually throw in the towel and decide to hire an agent to sell their home. And who do they typically hire? The first agent to contact them. Be that first agent. While your competition is spending hours digging through Craigslist and driving around the neighborhood looking for signs, you could already be on the phone with those frustrated FSBOs telling them how your real estate services will help them sell their home faster and for more money.
For Sale By Owner ads are everywhere. At REDX, we work around the clock, scouring tens of thousands of classifieds, websites, local newspapers, magazines, and other databases to find as many FSBO listings as possible in your area the day they hit your market.
Using our highly honed algorithms, we mine raw data from the FSBO ads and transform them into leads that you can use. We reference public and private databases, phone books, public registries, and top-tier private consumer databases to find every FSBO ad available and to identify contact information for each FSBO that we find. Over ten years of experience guarantees that we will get you the best information available for every lead.
Your FSBOs are then delivered every morning straight to Vortex®, REDX’s web-based lead manager, where they can be filtered with a variety of tags, statuses, and custom fields. Your leads will have all the content from the original ad along with any extra information we were able to find. Our platform makes lead management quick and easy and leaves you time to focus on prospecting.
There’s a ton of business to be made with expireds and FSBOs and REDX makes it so simple to work that business. It’s by far the lowest cost, highest return on investment source of business that there is. It’s the biggest, absolute, no brainer in your real estate business. I look at my credit card statements every month and I'm never looking at the REDX charge and wondering, man how can I spend less on expireds and FSBOs?
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I think REDX is probably the one place that every agent should start. It's where I started in my business and I think everybody, if you're doing the right things in the right order, should start with REDX Expireds or FSBOs.
In my first 12 months of using REDX I made more than $17,000 in gross commissions from expired and FSBO leads. That’s about an 1800% return on investment. At any given time, about 30-40% of my listings come from REDX.
Turn Expired Listings into powerful leads with accurate contact info.
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