Buying Real Estate? Find Motivated Sellers!

Are you looking to buy real estate property? If you are, make it a point to find motivated sellers. There are several ways for you to find this kind of seller. The key for you to successfully find one is not just to pick out a couple or so ways of finding motivated sellers but to make it a habit do different ways consistently.

Among the many ways to find this kind of real estate sellers is through attending the local REIA meeting. In this manner, you can network with other active investors and see what they are admitting and sometimes even bragging to do. You might also want to put up signs with your contact details around or near distressed yet desirable property areas or you can send direct mail to out of state home owners or absentee landlords.

A Couple of Ways to Deal with Motivated Sellers

As you search for a piece of real estate property or a house to buy, there will come a point that you will encounter sellers who are “motivated”. In many cases, these sellers are desperate to sell their properties but there are some of them who would still want to go through a lot of negotiations so they can make a sale at the best price.

If you encounter motivated sellers, it is best that you ask the listing agent why these sellers are selling. You might also want to make a “lowball” offer so you can see how the seller responds. In any case, always try to make counter offers to the seller’s offers.

What is a Motivated Seller?

In buying real estate properties, it would be quite usual for you to hear about motivated sellers. When you hear about this kind of seller, you would often think of desperate real estate agents or homeowners, wouldn’t you? However, this term can often mean far from what you think it is.

A motivated seller can refer to a seller who still has room for further price reductions. It can also refer to a seller who prefers a cat and mouse negotiation game. It can also mean a seller who is willing to make selling concessions for the buyer.

At other times, this term can also refer to someone whose house is in or near foreclosure or whose house is ready to slide down the hill so that person wants to sell his or her house before the next rainstorm.