Motivated Sellers. Can You Buy Property 40% Below Value?

There are many reasons why motivated sellers need to sell quickly and below market value. They are often forced to do so because of financial reasons such as bankruptcy and repossession but other factors can include personal reasons such as a marriage break ups or having to re-locate quickly for a new job.

Motivated sellers can be found through a variety of sources. When looking for a seller who is keen to sell his or her property at below market value it is always helpful to have information about the seller and what his motives are for wanting to sell quickly.

It is also useful to find out if the motivated seller is looking for an investor to buy the property and who can raise the money quickly. If you can reassure them of this you will be in a much better position to make an appropriate below market value offer that will be accepted.

When dealing with a seller who is interested in selling his property cheaply it is important to be businesslike but also courteous and friendly. If the prospective seller likes you on a personal level he or she will be far more likely to accept any offer that you make.

Apart from going out and looking for motivated sellers which can be time consuming it is also possible to draw them to you. To do this you must surround yourself with people who come into regular contact with sellers who are keen to sell quickly.

You can then be presented to the motivated seller as someone who can help them by offering a quick sale. This is by the most effective way of generating ongoing business and having the sellers approach you will save time and effort.

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