here is nothing better proven very effective for some
than finding that perfect major players. Spend some time
deal. Whether you are new browsing through your local paper
to the real estate business or an to see what is already being
old pro, finding a motivated used. Then take those ideas,
seller is like winning the tweak them, and then use them
lottery. If you play your cards yourself.
right, you can find a home for
far less than the market value. • Thrifty newspapers- every
The trick is to figure out how to community has them. Penny savers,
find the motivated sellers. thrifty nickels, and other local
Working with a real estate agent gems can be a great way to reach
is your first step to finding an untapped market. Best of all,
motivated sellers. They these ads are super cheap.
understand the market and can Imagine finding a motivated
help you spot the best properties seller and only spending $20
and advise you on how to approach dollars for a newspaper ad!
the transactions for optimum
profit. • Signage- strategically placed
signs on corners can help find
Below are some tips and tricks motivated sellers where they work
that have proven successful in and play. You can also place
finding motivated sellers in your flyers in local supermarkets or
market. anywhere else that people gather
together.
• Major newspapers- print ads can
be pricey but a classified ad can • For Sale by Owner Ads- many
cost very little and still be motivated sellers try to sell
very effective. Kooky headlines their own properties without the
like “I buy ugly houses” has help of a real estate agent, in
hopes of making a little bit of emotional and make deals that
money off the deal. Consider they normally wouldn’t consider.
approaching these individuals
with a deal. • Problem properties. Many
motivated sellers are motivated
• Work the MLS. Junk property, because they have a problem
pre-foreclosures, foreclosures, property on their hands. This
HUD & VA homes can all be could include homes with building
bargains. Pay special attention code violations, health code
to expired listings and the DOM violations (like mold), condemned
(Days on Market). Generally, the properties, or fire damage. While
longer the property has been the property may include a little
listed, the more motivated the bit of TLC to make them
seller is. profitable, you can often get
really good deals.
• Talk to landlords. Find
motivated sellers by contacting • Out of area owners. If the
landlords with properties for owner of the home has had to move
rent or those that are evicting a to another city for job or
tenant. You may be able to strike personal reasons, they may be
up a deal. motivated to move their property.
Again the DOM will give you a
• Tax & Estate Sales- In the good indication of how motivated
attempt to avoid high property they are.
and estate taxes, many sellers
will want to get rid of their Getting in touch with
properties quick. Which can mean motivated sellers
a great bargain for you. Divorces
are another reason for motivated Once you know what to look for,
sellers, as many tend to be you can take the steps to
connecting with the motivated Happy hunting!
sellers on the market. Networking
with professionals in your area
(real estate agents, lawyers, etc) is one good way to finding type="text/javascript"> src="http://pagead2.googlesyndica
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