How to Find Motivated Sellers When Buying a Home

When it comes down to it, there is a major difference between someone that puts their home on the market and someone who is open to negotiating and selling their home as quickly as possible. These people are called motivated sellers. A motivated seller doesn’t want to start a long, drawn out bidding war to get the biggest return. Indeed, a seller that is motivated is willing to take a small hit if that means picking up and moving on with a little cash in hand. These people are often in a financial bind or the property they are selling has been inherited. When looking for a home, it can help to look in the direction of motivated sellers. Here is how to find motivated sellers when buying a home.

Your first step is to keep your eyes open. Instead of looking for homes that have a fresh coat of paint and a fountain flowing outside – you want to look for homes that have a dead front lawn, broken shutters, and chips in the paint. If there is a “for sale” sign outside, there is a good chance that the seller will be more motivated in the latter category. All of those issues – like unkempt landscaping and peeling paint – can be fixed later. Just make sure the house is structurally sound.

Next, you want to look online and look at listings. There are numerous places to look for listings, but what you want to look for are sellers that seem desperate to sell. You will be able to pick up on this desperation by looking for certain terms and phrases in the actual listings. For instance, a listing may actually mention that the seller is extremely motivated. Another listing may mention that the person is recently deceased and the family is looking to sell. When it comes down to it, you may be able to filter the results to suit your search needs.

Another way to look for motivated sellers is to team up with real estate agents. You can use unique search queries – like “Bill True Hilton Head Real Estate” – to find lots of results for agents and their holdings. In most cases, real estate agents will have their ears closest to the ground and will be able to point you in the right direction. Typically, motivated sellers are just as motivated to sell as you are to buy, so it is not like real estate agents are trying to keep any secrets – they do make a commission after all.

In the end, if you want to get a great deal on a home, your best bet is to look for a motivated seller. Motivated sellers are a lot more willing to unload their properties for a song – either because of financial hardship or because they simply want to unload the property. Many real estate investors are willing to unload properties to free up and diversify their portfolios – leaving a great opportunity to get the home of your dreams for way below the market value.

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