STOP Calling FSBOs on Zillow (Live Seller Call)
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2 жыл бұрынIf you want to make money in real estate... STOP calling FSBOs on Zillow. Every KZfaq 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 KZfaq video for entertainment purposes ONLY ❎
@samthecloser Жыл бұрын
I got my first deal from a FSBO. Referred to me by a friend. It was a 10k deal closed in 14 days.
@robertvolz68 2 жыл бұрын
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.
@vapenshred Жыл бұрын
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.
@tonyabynum7221 Жыл бұрын
Unless the seller wants to do creative financing or owner financing
@buythedoor Жыл бұрын
Basically he’s saying go after people who are in distressed situations and have no other options
@joser6703 Жыл бұрын
I love the way you speak to sellers. Not "Salesy", Not trying to hustle anyone, just being real and sincere.
@ymh-productions998 2 жыл бұрын
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.
@jukeman1234 2 жыл бұрын
Talking to FSBO right now. Gonna just give him my offer and stop calling him thanks Pace
@alainjames8577 2 жыл бұрын
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!!!!
@LawnmowinJunkie Жыл бұрын
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!
@chriscolton329 2 жыл бұрын
About time someone made this! Appreciate your content, and your community!
@PaceMorby 2 жыл бұрын
Much appreciated!
@eddiewright2048 2 жыл бұрын
Thank you Pace! You picked up that phone and called that seller like it was nothing. 👍🏾
@PaceMorby 2 жыл бұрын
Thank you for tuning in! Glad you enjoyed the content!
@chellisaclancey8000 Жыл бұрын
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
@PaceMorby Жыл бұрын
Chellisa. Thanks for sharing your story. Apart from watching KZfaq videos, why don't you join my community on the free Facebook group? paceapproves.com/communityytc
@traciehebert9232 Жыл бұрын
What about auctions?
@hunnybutta9 2 жыл бұрын
Spot on! Appreciate everything you do!
@PaceMorby 2 жыл бұрын
I appreciate that!
@topcat2919 Жыл бұрын
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...
@mdiakite9 Жыл бұрын
Love this video!! Your real bro!
@robertorosa6268 2 жыл бұрын
Pace thanks very much for your words and this lesson.
@PaceMorby 2 жыл бұрын
Thanks for tuning in! Glad you're gaining massive value!
@taylorfox1594 2 жыл бұрын
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.
@The-Asset-Stacker 2 жыл бұрын
You're a stud man. Love the content.
@PaceMorby 2 жыл бұрын
Thank you! Happy to know you're enjoying it!
@wesniemiec9467 2 жыл бұрын
Those are the people that think they know everything and think their house is worth a million bucks
@mytoys3738 2 жыл бұрын
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.
@marika8642 2 жыл бұрын
So very good. Thanks for clarifying this.
@PaceMorby 2 жыл бұрын
Glad I was able to answer your questions and giving value.
@jermon983 2 жыл бұрын
Damn this GOLD thanks Pace! 👍🏽
@PaceMorby 2 жыл бұрын
Appreciate it!
@joseayala4855 Жыл бұрын
Pace you know your stuff. Thanks
@nicoletedder633 2 жыл бұрын
Awesome job Roberto! 👏 👍🔥
@PaceMorby 2 жыл бұрын
🙌🙌🙌
@tanakamakandwa8988 2 жыл бұрын
Thank you Pace
@PaceMorby 2 жыл бұрын
Glad you're enjoying the content! Thanks for tuning in.
@elnegritopanameno6203 2 жыл бұрын
My first sale in real estate was a FSBO for $529k
@PaceMorby 2 жыл бұрын
Awesome!
@fngonuts Жыл бұрын
What was your net profit on that fsbo? Thanks.
@pablomorales3342 Жыл бұрын
Sellers Motivation can change in a day! However, in the realm of probability you be better off listening to Pace for the time being.
@Qiqnt Жыл бұрын
“Never waste your time on FISBOs” Got it 💪🏼
@NYSRealtor1 2 жыл бұрын
Good advice about calling on old leads.
@PaceMorby 2 жыл бұрын
Yes!
@Hawksforever99 7 ай бұрын
The squelch on this seller's voice vs Pace's smooth voice is crazy
@kenwilson-ru8ue Жыл бұрын
Thanks for that pace I’m not going to use Zillow or look at fsbo’s
@donkomzak3872 11 ай бұрын
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.
@loulupero4147 2 жыл бұрын
Pace great content! Why would I go after retail sellers with no motivation or pain. Invest off market and take control of property.
@PaceMorby 2 жыл бұрын
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
@loulupero4147 2 жыл бұрын
@@PaceMorby 👍
@blureen55 2 жыл бұрын
Love it pace
@PaceMorby 2 жыл бұрын
Ben. Thank you!!
@IamMattBeard 2 жыл бұрын
Pace always on 🔥
@PaceMorby 2 жыл бұрын
Love you bro!
@rockytharpjr 2 жыл бұрын
Lets go, 8:24 for the shout out. Pace gives so much its the least I can do.
@PaceMorby 2 жыл бұрын
Happy to know you're gaining so much massive golden nuggets from my content!
@Anaiya2022 Жыл бұрын
Nobody hit you up for your list?
@kofori321 2 жыл бұрын
Pace and Ron le grand should have a sit down to discuss this topic.
@PaceMorby 2 жыл бұрын
That would be awesome.
@youmarc11 Жыл бұрын
Thanks for this. I've suffered calling them. How about for rent by owner?
@gracefulpoolsanddecks7665 Жыл бұрын
My only deal so far is a fsbo… assignment fee was 6k not great but good enough for a start!
@MJ-ge9cw Жыл бұрын
It works.
@fabricioperez641 2 жыл бұрын
love the emotion lmao
@NicolasReyes3 Жыл бұрын
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
@shaynejohnson1895 2 жыл бұрын
i needed to here this
@PaceMorby 2 жыл бұрын
Shayne. Glad this helped!
@tonydeeds6977 2 жыл бұрын
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...
@PaceMorby 2 жыл бұрын
Awesome! Thanks for sharing this bro!
@rtmoorer2 2 жыл бұрын
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
@PaceMorby 2 жыл бұрын
Roderick. Here's a Sunday Service episode where Cody and I talk about generating leads: kzfaq.info/get/bejne/oZ2WltGL17XSY4E.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
@NYSRealtor1 2 жыл бұрын
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.
@marcelalejo 2 жыл бұрын
Booom!!👊
@jezzey07 2 жыл бұрын
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
@NYSRealtor1 2 жыл бұрын
@@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
@jezzey07 2 жыл бұрын
@@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.
@jalabi99 2 жыл бұрын
@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
@nicoletedder633 2 жыл бұрын
Omg this call was 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🤯🤩
@PaceMorby 2 жыл бұрын
Yesss!! There are more coming feel free to subscribe and hit that notification bell to get updated when I upload.
@nicoletedder633 2 жыл бұрын
@@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 🤣
@chriswelcome77 2 жыл бұрын
Pace, can I practice on your old leads?
@donaldmorckel1684 Жыл бұрын
Everyday , Say ...... " I shall not be a Funky Monkey " ( Pace's videos are very educational ! ...... Entertaining Too)
@PaceMorby Жыл бұрын
😂
@johnpickell1787 Жыл бұрын
Facts!
2 жыл бұрын
HERE AMD JUST SUBSCRIBED BECAUSE OF SPENCER CORNELIA. HE SAID YOU HELPED HIM A TON AND HAVE BEEN A HUGE HELP IN HIS NEW AND NOVICE REALESTATE- MAINLY HOUSE HACKING VENTURES! LOOK FORWARD TO WATCHING YOUR CONTENT AND HOPEFULLY I LIKE IT AND YOU ADD VALUE AND IDEAS! IM WRITING THIS BEFORE WATCHING ANY OF YOUR VIDEOS. I JUST PAUSED SPENCERS VIDEO TO SUBSCRIBE HERE! 😊
@UltimateBargains 2 жыл бұрын
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.
@PaceMorby 2 жыл бұрын
Thanks for sharing that bro.
@bruuhbruuh8122 2 жыл бұрын
Is this a wholesale call? First time on this channel.
@glennbennett9757 2 жыл бұрын
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
@PaceMorby 2 жыл бұрын
🙌🙌🙌
@donaldclifford5763 7 ай бұрын
FSBO, a four letter word beginning with F.
@you7uber5 11 ай бұрын
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
@yons6511 Ай бұрын
“What does the sign say?” …It’s been listed for 100 days no sale, still paying a mortgage, and $200k sounds good rn?
@ThePitts1234 Жыл бұрын
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
@OMEGA-db1ih Жыл бұрын
Is the house you're selling, still up for sell?
@annettewebster982 9 ай бұрын
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
@user-tb1xt2fp4j 8 ай бұрын
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.
@MgtowRubicon 2 жыл бұрын
Exactly right. Zillow leads want their price as all cash at closing.
@PaceMorby 2 жыл бұрын
👍👍👍
@wendylewisy8555 8 ай бұрын
I’m interested how can I get into your class
@bensleeth4475 2 жыл бұрын
Pace I spent a total of 3 hours from finding the lead to sending the assignment to title. Made $7k definitely not a list to rely on but you can still get deals from it.
@PaceMorby 2 жыл бұрын
For sure, congrats on the deal bro!
@newjerseydeals 2 жыл бұрын
You’ll get 1 out of every 10,000
@josephhernandez9428 7 ай бұрын
@@newjerseydeals maybe that's how many leads you contacted to get one deal. There's a lot of variables involved in closing a deal, so don't state numbers.
@q.t.harris5578 Жыл бұрын
How do I become part of the mentor program
@Marleyana1 2 жыл бұрын
I’ve gotten a house off a fsbo but the sign was just out front and not listed on Zillow.
@PaceMorby 2 жыл бұрын
Thanks for sharing this!
@NYSRealtor1 2 жыл бұрын
Still a FSBO
@jalabi99 2 жыл бұрын
So that was a FSBO but from D4$ not off of Zillow. It's still a FSBO ;)
@GregoryWynn-jc1zv 4 ай бұрын
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.
@PaceMorby 4 ай бұрын
You need to properly educate him or even show him one of my videos
@natureovermind7649 Жыл бұрын
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.
@PaceMorby Жыл бұрын
Hi there! Which city is this property located in?
@MJ-ge9cw Жыл бұрын
Rick and Zach Ginn call fsbo all the time it works!
@evilleon4 2 жыл бұрын
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?
@americatoken3334 Жыл бұрын
find a new mentor
@currently9143 Жыл бұрын
get pace as your mentor
@SK_BIOSPORTS 2 жыл бұрын
Never met this guy but love'm. 😆
@PaceMorby 2 жыл бұрын
🙌🙌🙌
@josephhernandez9428 7 ай бұрын
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.
@ernestmiller5789 2 жыл бұрын
🐐🐐🐐🐐
@PaceMorby 2 жыл бұрын
🙌🙌🙌
@Lrndthehardway Жыл бұрын
Not even old listings over 90 days or whatever?
@nathanielwilson7126 2 жыл бұрын
it's the hardest lead to covert I don't even call the ones on my d4d list
@PaceMorby 2 жыл бұрын
Truth.
@Tim_Krause 2 жыл бұрын
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!
@PaceMorby 2 жыл бұрын
YESSSSS eXACtly
@LukenJenny 2 жыл бұрын
so good -- in my experience FSBO's have been a complete waste of time
@PaceMorby 2 жыл бұрын
😂😂
@jacobamezcua6518 2 жыл бұрын
Would you say the same applies to Craigslist FSBOs?
@PaceMorby 2 жыл бұрын
Yes
@jacobamezcua6518 2 жыл бұрын
@@PaceMorby Right on. I wonder how Señor Jerry Norton would respond to this video 😂
@NYSRealtor1 2 жыл бұрын
@@jacobamezcua6518 Interesting I am curious to know as well.
@jorgecaicedo1982 9 ай бұрын
Almost all of the fsbos's on CL are advertised by wholesalers..Definitely a time waster
@brucesantos5566 2 жыл бұрын
Hey I just got an education on KZfaq right here, so it’s not just for entertainment. 😉
@PaceMorby 2 жыл бұрын
Hey Bruce! Glad to gained value from this video. Thank you for being a subscriber!
@damianluck9254 2 жыл бұрын
Thanks for making my niche less saturated lol. I’ll keep getting these deals while you keep making absolute statements.
@PaceMorby 2 жыл бұрын
Glad you're enjoying the content!
@Kingfrozttheartist 2 жыл бұрын
😆
@omarleon2762 10 ай бұрын
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
@vacuumbed1 2 жыл бұрын
Ron Legrand had me calling Zillow FSBO’s, and it never went anywhere.
@michaelbatista2869 2 жыл бұрын
Where'd your skills go though?
@vacuumbed1 2 жыл бұрын
@@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.
@PaceMorby 2 жыл бұрын
Thank you for sharing this bro!
@DarioMurrieta 2 жыл бұрын
Trucha roberto!!!
@theicemanfrost Жыл бұрын
Where can I get a PreForeclosure List for my area?
@GoogleUser-sk5tn Жыл бұрын
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.
@ryansmagacz6528 Жыл бұрын
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.
@Thenatalyteran 2 жыл бұрын
KZfaq is not only for entertainment but also education.
@PaceMorby 2 жыл бұрын
Yesss!!
@Thenatalyteran 2 жыл бұрын
@@PaceMorby I thought you said the opposite
@PaceMorby 2 жыл бұрын
@@Thenatalyterandepends on what channels you’re watching
@loulupero4147 2 жыл бұрын
@@PaceMorby Focus off market. Take control of property, stop wasting time and effort non motivated seller’s
@happytown5 2 жыл бұрын
I'm confused, I thought creative finance was based around fsbos, then whom should I contact?
@derrecktaylor8817 2 жыл бұрын
Preforclosures
@PaceMorby 2 жыл бұрын
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
@brendanlyons3688 2 жыл бұрын
Everything was going great until he said KZfaq is for entertainment not education. I'm getting a ton of education from this channel. What gives?!?
@cesarpareja2002 2 жыл бұрын
$275,000 dollars in leads 😳😳
@PaceMorby 2 жыл бұрын
🙌🙌
@TrentWright-sd3qu 25 күн бұрын
“Jackass”😂😂😂😂
@samtx5518 2 жыл бұрын
Roberto is TTP!
@PaceMorby 2 жыл бұрын
🙌🙌
@roycelaik1020 2 жыл бұрын
blue collar
@RealEstateWithRay Жыл бұрын
I literally just did this and it was pointless af. That and facebook. Waste of time. I disagree with you -100%
@MJ-ge9cw Жыл бұрын
Rick and Zach gonna call fsbo all the time it works
@iloveyounetwork3749 2 жыл бұрын
But pace bought your own house FSBO subject to
@charleswright9573 Жыл бұрын
FSBO and "not using an agent" aren't the same
@patcastillo4335 Жыл бұрын
there are people who are posting who cant repair their home, and we dont know what they are against to,
@davinchia5118 2 жыл бұрын
body language this is totally set up
@davinchia5118 2 жыл бұрын
This is so FAKE LMAO
@default_playeryt9001 2 жыл бұрын
Why do you say that
@andyscorner101 Жыл бұрын
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.
SALEM EPISODES
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Pace Morby
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