Wednesday, May 6, 2009

Find Your Motivated Seller:

Motivated sellers are what everyone involved in real estate investing is looking for; a motivated seller is someone who is very interested in selling their home. As a result, motivated sellers are the people who are the most likely to be flexible when it comes to the terms of the sale and the price point. Many people who deal in real estate investing as a business will not even bother dealing with sellers unless they are motivated sellers.
How do you find a motivated seller? You need to immediately look for information on why the person or people in question are selling their real estate. If unexpected plans have come up in a person’s life, such as a transfer at work / change of job, a divorce, or a situation where the owner of the house does not have the time or interest in upkeep of the place any longer, then the seller is more likely to work with you and give you the best terms on the location.
Remember that when you are working in the real estate investing sector, the most important thing to do is to manage your time effectively. Look for details in real estate listings which indicate a motivated seller so that you do not leave to check out a property unless you already have a good idea of what to expect. A seller who is not that motivated or uncertain about selling their property will simply lead you around in circles while they try to figure out what they want. During this time you could be making additional deals with people who are truly interested in selling.
In addition, sellers who want to get the full retail value of their property will cut into your profits to an extent that it really isn’t worth doing business with them. Look for the right fixer-upper property at a price which is dramatically slashed, or look for the seller who has to move in a hurry and just wants to unload a property to stop making payments on it. Once you make the decision to become involved with a property, that property will be a significant time investment for you until it is sold again, so wait until you have found the perfect property and the perfect seller before you make your deal. With a motivated seller you can maximize your profits and make the best use of your time

Happy Investing,
Jamie

P.S.: To learn more, go to:
http://foreclosurecashprofits.com/go/?thankyou-page=945

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