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Finding Great Deals- Motivated Sellers

Oct 9, 2007
Becoming a real estate investor and a home flipping buyer is a great way to invest in the real estate market. There are great deals in every market even hot real estate markets. Although sometimes it seems impossible to find them, with hard work and persistence they do exist.

To put that great deal together you have to find that motivated seller. Finding motivated sellers isn't easy because most sellers in the real estate market are not motivated enough to sell at a below market value price. Finding the right seller requires a lot of things, knowing your market, advertising for distressed properties, and most importantly providing a solution for people in these situations.

There are a lot of reasons why people become motivated to sell their homes. It is conceivable to believe that time and money will solve any real estate problem no matter what the situation is. That being said life happens, which in some cases causes people to become very motivated to sell their homes. Motivated sellers aren't going advertise that they are ready to sell now. Sometimes it takes some investigative work by your or your real estate agent to understand the situation. Issues to look for when finding motivated sellers are:

Divorce: As unfortunate as divorce is, it causes situations where the people involved want to discard everything that represents their married life, including property. Most of the time, both parties are happy to sell the home as soon as possible and move on.

Home Flipping Repairs: Sometimes inexperienced or first time investors get into a project that is over their head. They find a great deal, that needs more work than they can handle and it becomes a nightmare. Become their hero, take the project off their hands, and make it seem like your doing them a favour.

Death of a Loved one: It is terrible to lose a loved one and the emotional impact and stress of dealing with an estate for the family can be overwhelming. In these cases family members are motivated to sell properties to help ease the stress and emotions of the situation.

Transferring to a New Job in a New City: Usually situations such as these are surrounded by certain time constraints. When these timelines starts to run out and time is not on your side, the house hasn't sold and the fear of paying a mortgage for 2 homes starts to become a reality, sellers become very motivated to sell their existing property and move on.

These are just a few cases where you can find motivated sellers and property bargains. By finding and dealing with motivated sellers you will be able to get great deals on properties.
About the Author
Dan Standeven is an Author and seasoned Real Estate enthusiast who writes a Real Estate Blog including posts such as
Deal With Motivated Sellers Why? provided through his website at http://www.realestateeditorial.com
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