Looking for motivated sellers

What do I mean by motivated sellers? Motivated sellers are actually property owner who are in urgently needs to dispose their property. This is due to economic circumstances that the owners are facing or any other desire to abandon their ownership. The most common reason for a home owner rushing to sell of their property are due to urgency need of cash, divorce, unemployed, can’t meet payment, and so on.

Thus buyers are often able to purchase the property at a reduced price. For example, if the market prices of the home are Rm500, 000 motivated sellers may consider accept an offer of Rm420, 000 from you. You can easily get 16% to 25% below market value by simply negotiate on the terms that you can offer for the motivated sellers.

The first step is to advertise in local newspaper, magazine or through the world wide web. Although this type of marketing is costly however it could really help you to look for motivated sellers. Make sure you highlight the benefit to the sellers such as a quick, hassle-free sale or perhaps immediate 10% to 20% cash for the sellers. You can just sit at your home waiting for a seller to phone you and to negotiate on the terms.

Secondly are through mail campaign by consistently mail to these landlords. Look for absentee owner around your neighborhood areas by looking for vacant houses. Nevertheless you can try to get a list of absentee name from local tax assessor’s site or any other services that you can subscribe. The reason for targeting absentee owners are because they are have migrated or mainly lived in other state. The landlords have no time to manage their property and want to be hassle-free from their “landlord business”. Thus this is where you can get a good deal from motivated sellers.

Third one are improve your networking through your friends, colleague and family members. Talk to them and get them to know that you are looking for a home. From this you may get to know their neighborhood, relatives or perhaps friends who are actually in rush to sell off their property. Therefore you may get your chance of getting good deal over here. Remember you just have to go out from your house and talk them. Furthermore this could ease you in the process as you are being suggested by them which could improve your credibility to the landlords.

These are just few common ways to look for a motivated seller. Therefore if you are interested to look for motivated sellers, thus explore more ideas and option available through the world wide web or perhaps look for people who are expert in this field to guide you on this.