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How to Find Motivated Sellers

How do Real Estate Investors and Home Buyers Find Motivated Sellers?

 

Copyright © 2008 by: Ralph Marcus Maupin, Jr. (Mark)

 

The sellers you want to look for are those who want to sell their property more than anything else. I refer to this type of person as a motivated seller (A DON’T WANTER). Motivated sellers will be willing to negotiate and offer you their property at an ideal price. If you are dealing with a seller whose main priority is to make a profit you are on the wrong path. In order to make money when dealing with this type of seller it would be a good idea to get a real estate license. A real estate license will enable you to earn money by listing the property for the person or referring them to a listing agent.

This way, you will profit from the sale without having to buy the property yourself. Most sellers know the value of their property and they have the option to list their property in order to get the best offer. They can also refinance their property or sell it to a mortgage company. I feel it is important to discuss these options with them to demonstrate that their best interest is being served. If they are motivated sellers whose #1 objective is to get rid of the property, then they will look to work out a sale with you.

 

The sort of motivated sellers I look for are divorcees or separated couples who would rather sell the house they once shared than have to pay a mortgage that requires two incomes. I also look for probated estates because the attorney in charge will want to liquidate the estate as quickly as possible. Tired landlords who can't handle property management and people who have lost their jobs are usually motivated sellers. Foreclosed homes being sold by mortgage companies or banks are often listed at prices below market value.


In this business, the key is to stay focused on making sure you have a motivated seller. Said any other way is that the person’s #1 objective is to get rid of their property. Good hunting for Motivated Sellers!

Mark Maupin has purchased over 3,500 single-family homes and many multi family properties. Mark teaches real estate investing seminars, and he leads a real estate mentoring program. Ralph Marcus Maupin, Jr. Nick Name ‘Mark’ is one of founders of National Real Estate Network LLC. He teaches real estate investing and Internet Marketing for a local Michigan College. You will find many free resources such as Free Real Estate Forms, Terms, Articles and Real Estate Investor Clubs Locations at: http://MegaEveningEvent.com. For low cost Michigan Real Estate Investing CDs, DVDs, forms and E-books go to http://stores.ebay.com/Real-Estate-Investing-Guide
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