Do You Generate Leads by Marketing to Homes for Sale?

Hey everyone,

Driving around town today I noticed a bunch of homes for sale (nice houses) and thought of a "new" marketing idea (for me) and I'm wondering if anyone else has tried it with success?

The idea: Simply going to local real estate website and searching for homes for sale (maybe even sort by highest selling price) and then sending out mailers (or something similar) to ONLY those homes? There's about 150 homes in my area on the market for $500k+

Has anyone tried this method in the past? Any results to speak of?
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