Thread: Red X Software? Anyone tried this?

Interesting idea however, that brings about another question. How soon after the listing is expired do you get this information? Most agents will be contacting this people a day or so after the listing has expired. If the information is not current and avialable the day the listing expires, how much value does it have?

Just a question

Why not just set your MLS to notify you on expireds, then check them against the list?

Originally Posted by Josh Louis

I have been investigating purchasing this software called Red X. They basically give you a spreadsheet of all expired listings with owner contact info and run it all against the Do Not Call list. it's not cheep so I wanted to know if anyone else has used this software and what their experience was?

Thanks!

Josh

Here is the discription of thier service.


The RedX (Real Estate Data X-Change) is the real estate industry's leading provider of expired listing research services. Thousands of top producing agents use it daily to turn their expired, withdrawn, and cancelled listings into qualified leads enabling agents who use the RedX to be first to contact home owners. Research shows that the first agent to contact an expired listing owner usually gets the listing!

• Searches multiple databases to obtain owner contact information.
  • Finds more owner names and phone numbers than agents can find on their own.
• Finds absentee owners and many unlisted numbers.
• Finds owners' name and phone numbers in a matter of minutes.
  • Saves hours of expired listing research daily.
• Flags properties on "Do Not Call" registry.
  • Eliminates risk of mistakenly calling "Do Not Call" numbers.
• Saves on labor and data costs.
  • Lowest cost-per-lead of any expired listing service.
• Automatically screens all expired listings daily for re-listed and sold properties.
• Expired listing data is available in real time and is always current.
• Enables research on old expired listings at no additional cost.

Save you cash and run your own reports on the MLS. Your still working direct marketing and its always a hit or miss...

I tried Red X but found that it did not go back and find properties that were relisted which meant I had to check the MLS system every day. It didn't save me any time since I could already do that without their system. I went back to my old system of downloading into Excel because I didn't need to pay for a system that meant I still had to cross check with my own MLS.