Skip Tracing is the most talked-about topic in the Real Estate investors club because it costs low but provides more than you expect. It was an underestimated thing, but when a few investors closed their deal with some sellers, they started working this way because it was cheaper than other services like Lead Generation and Cold Calling.
Skip Tracing is believed to give more results than other services, so why don’t you try it once? Before trying this service, you need to know exactly what Skip Tracing is and how it works? It’s necessary to know something before working on it. So be ready because we’ll provide a detailed guide on this topic. If you are new to this field, then don’t skip this article from anywhere.
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Skip Tracing Introduction
If we explain Skip Tracing in simple words, it’s the process of finding someone’s information. That information could be his name, phone number, and his current address. When you have someone’s information, you can convey messages to them or send offers. The offers are dependent on the person you’re trying to approach.
Now Skip Tracing in Real Estate has a different meaning. Investors hire Skip Tracing Firms to find the contact details of people owning distressed or wholesale properties. Sometimes investors give emails to Skip Trace and find the contact information. And sometimes, they order numerous Skip Traced leads to approach people owning distressed properties for selling.
Finding motivated sellers is their last goal. When they find a person willing to sell his house, their entire day is spent with joy because they have found the target. So this process is time-consuming, and investors don’t do this. They have teams of people experts in communicating and explaining the benefits. This process is expected never to end until sellers are alive. However, this service is low-cost, but its benefit is huge. So don’t miss the chance because Skip Tracing can help you land contacts with motivated sellers.
How Does Skip Tracing Work?
Skip Tracing working is dependent on investors’ thinking. Some investors have gathered the emails of people who might sell their homes for some profit. While some investors don’t have the emails, they start from scratch, and when they get some leads, they try their luck by approaching that person.
Investors who have got some emails first decide the firm they will work with. Let’s say I am a Real Estate investor having 5000 leads of people willing to sell their houses. I don’t know their current address, so I will hire a firm providing Skip Tracing Services. That firm will take those emails and will try their best to find that person’s phone number or address. That address will be written on the Microsoft Excel or Google Spreadsheet. Later, you can approach those people yourself. Now how much conversion comes from those emails is dependent on your luck. Some investors close deals after 10 emails, and some don’t get a reply even after approaching 100 people. That’s a bitter truth about Skip Tracing, but it doesn’t cost much, so don’t worry.
Skip Tracing works for people with email lists, but this process also works with people with no sellers’ email addresses. Now how do they tackle the condition? Investors having no leads directly order the Skip Traced leads from Skip Tracing firms. Skip Tracing firms are countless, and our vote is with Lert Skip Tracing because its leads are accurate, and investors have benefited a lot from this company. So if you have decided to get direct Skip Traced leads, then Lert Skip Tracing should be your next land.
So that’s how this process works for investors having no email addresses. We addressed both processes, so if you have questions related to this, you can ask us by writing a comment in the comment box.
Do Skip Traced Leads Convert?
That’s a big question asked by investors newly investing in this field. Real Estate itself is a big field having numerous branches to invest in. Roof Stock has written a detailed guide on 23 Real Estate Investing Tips. 23 isn’t a small number in a single business, so don’t underestimate Real Estate at any cost.
Now is Skip Tracing convertible? The honest answer to this question is Yes and No. Skip Traced leads conversion depends on the investor’s luck because you can’t provoke any seller. The seller will sell his property to the person he likes. Not every investor is lucky to get a reply from every seller.
Some sellers get replies quickly, and some take days to go through. It’s your luck that matters. Sometimes, sellers reply but don’t sell that property to the investor they communicated with. So when you enter this Skip Tracing industry, you must be prepared for every situation. You can’t expect a quick conversion. There are quick conversions, but not every time. So be prepared for every situation before entering this field.
Skip Tracing Software Work or Not?
That’s another frequently asked question from different people. Investors who don’t want to pay for Skip Traced leads have tried this tactic, but most failed because free software can never provide accurate results. Free software only provides the data they have in their databases. So relying on free software isn’t recommended because the result isn’t good. Some paid software is available in the market, but manual work is always better than this coded software. The rest depends on you.
Conclusion
So that’s all for today, and we discussed Skip Tracing’s meaning, its working, its conversion rate, and a little highlight on Skip Tracing applications. Everything was discussed briefly, but if you have some questions, you can ask us by dropping a comment. Your comment will be answered because we love to solve the problems of our fellow investors. Investors also use phones very often so auto dialers help them to ease their work.
