A few days ago, we talked about the difference between multiple listings services (MLS) and off market leads and concluded that the information the second tool provides is much more valuable to find deals from distressed sellers that aren’t yet on the market. However, having that data is not enough when you want to be the first to contact homeowners: you need skip tracing.
As a real estate investor, you know by heart that time is essential: every minute you waste is a property you might lose. Thus, getting off market leads information in your inbox is one way to optimize your resources and time. But once you have the property details, you need to find ways to reach the seller, and some of the approaches might be time and money consuming.
What is skip tracing?
Skip tracing consists of locating the property owner, and there are many options to do it. For instance, you can visit the place -though it’s not uncommon to find it empty-, search for the owner’s contact information on free sites like Whitepages or 411, or check them out on Google or social media. But, as we said, these alternatives might take a while and evaporate the advantage you had by accessing an off market leads listing.
Some other options are faster, and you don’t even need to make any effort in some cases. For example, Real Estate IQ Premium Deal Finding Suite (available in Texas) and Premium Off Market Leads (available in Utah, Florida, and Georgia) both include, along with the off market leads list, the following data:
- Up to 5 cell phone numbers
- Up to 5 landline numbers
- Up to 5 email addresses
- The contact information of a close relative
- Flags for bankruptcy and deceased
All you have to do is subscribe to the suite and wait for the daily email to arrive. Our experts do the rest of the job! If you’re not in the locations where our tools are available, you can always use our On-Demand Skip Tracing tool.
How accurate is skip tracing?
Though it’s not possible to find the entire off market leads list’s contact details, our tools have a 70% data accuracy on average. This means that for every ten addresses you have, we’ll provide data for 7 -phone numbers, emails, and a relative’s information ready to be used!-.
How much does skip tracing cost?
Our On-Demand Skip Tracing has two types of subscriptions. On the one hand, you can opt for a one-time skip tracing service, which starts at $5 and goes up to $200, depending on the number of addresses you provide. On the other hand, if this is something you need on a regular basis, you can subscribe to a monthly plan and save money. The Bronze Plan costs $25 per month, and the Platinum Plan, $200.
Disclaimer: The blog articles are intended for educational and informational purposes only. Nothing in the content is designed to be legal or financial advice.