You are out chasing deals . . . to wholesale . . . to fix n flip . . . to add to your portfolio.
So who should you chase?
The Motivated Sellers . . .
But What Makes a Seller Motivated To Sell?
When it comes to real estate investing, identifying motivated sellers is key to closing deals quickly and efficiently. A motivated seller is someone who needs to sell their property fast, often for less than market value, and is open to flexible terms. Here are five key signs that indicate a seller is motivated:
1. Life-Changing Situation
Sellers who are going through major life changes—such as divorce, probate, bankruptcy, or relocation—are often eager to sell their property quickly. These individuals are likely to prioritize speed over getting the highest price.
2. Desire to Downsize
Homeowners looking to downsize often want to live more simply and in smaller, easier-to-manage homes. They may feel overwhelmed by the upkeep of their current property and prefer to sell “as-is” for cash, making them prime candidates for a quick sale.
3. Property Sitting on the Market
If a property has been sitting on the MLS for six months or longer without selling, the owner may become more motivated to sell quickly. They’ve likely come to terms with any issues affecting the property and could be open to a fast, cash deal.
4. Honest and Open Seller
Sellers who are upfront about their property’s problems are usually more motivated to strike a deal. If the owner is straightforward about the home’s condition, it shows they’re realistic about the sale and may be willing to negotiate a fair price.
5. Absentee Owner or Vacant Property
An absentee owner who lives in a different city or state, especially if the property is vacant, is often eager to sell. They aren’t generating any income from the property and still have to cover taxes and maintenance costs, making them more likely to accept a quick cash offer.
Invitation to Test Out DealMachine
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