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Real Estate Investing - The Motivated Seller
How the heck do you find a "motivated seller?" The motivated seller doesn't wear a tattoo on his forehead that announces the distinction. And he never drags you onto his property begging you to buy. In fact, the motivated seller may be very subtle in trying to hide his strong desire to sell. He may not want to exhibit his anxiety. (And if he did act anxious, you would suspect problems with his property!) You will almost always pick up a property at the best price and terms when buying from a motivated seller. That pronouncement sounds OK, but what does it mean? Here's an example. Has your mode of transportation ever become a junker? Everyone who has owned a car or truck would probably admit "yes." We arrive at this perspective because of some dissatisfaction with the vehicle. Maybe it didn't run like it did when we drove it off the lot. Maybe it had lost the luster in appearance. Maybe repairs became more frequent, and we concluded that it was too much trouble to fool with any more. That vehicle became a noose around our neck. It was an albatross. It had become a huge liability. We wanted to get rid of it. We had become motivated to ditch the junker. Sellers develop similar attitudes toward their real estate investments. A rental house doesn't have to "fall apart" for the owner to become a motivated seller. Property management can be tough and aggravating. Landlording can be Dullsville. Maybe a landlord gets sick, and can't continue to keep up his rental house. Maybe a landlord becomes fed up with tenant problems, and wants to throw in the towel. Maybe the owner of a residence gets a job transfer to another city, buys a second house, and can't sell his first house. Do you think making TWO MONTHLY MORTGAGE PAYMENTS per month can convert a smug seller with a firm price into a motivated seller who will accept a discount? Maybe a couple divorces, and the court orders a house sale for settlement. Maybe a family is facing bankruptcy, and selling their house quickly is the only solution they see for relieving financial pressures. This short list of motivational reasons is just the tip of the iceberg. Sellers can develop strong motivations to sell in the flash of a moment! That's when sales price firmness softens, and ease of negotiation begins. Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. http://www.CashinHouses.com/ He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.Real---Estate---Investment.com/nomoneydown/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/
MORE RESOURCES: How real estate commission changes could affect buyers and sellers The Washington Post Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business Where the Newest NFL Stars Are Moving: Which City Has the Best Real Estate Prospects for 2024's Top Ballers? Realtor.com News Uptown Charlotte condo in The Trust hitting market with highest price tag of $4.8M - Charlotte Business Journal The Business Journals Downtown commercial property fallout not as bad as people think, Kaegi says Crain's Chicago Business Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Yahoo Finance $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News Philly Real Estate: Baker Townhouse vs. Trumbauer Estate Philadelphia magazine Oregonian seeks a housing and real estate reporter Talking Biz News Galvanize Real Estate Acquires First Asset in Pioneering Profitable Decarbonization Strategy Morningstar NJ real estate: Weehawken home by Hamilton-Burr duel site listed NorthJersey.com The Pipeline: Commercial real estate roundup for 4.26.24 RichmondBizSense Real estate mogul Grant Cardone shares 3 money 'habits' that he says helped him achieve 'financial freedom' Yahoo Finance Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times Alliance home sells for more than $400,000 The-review Welcome to Real Estate Friday! theberkshireedge.com Danielle Lombardo Appointed as Chair of Real Estate, Hospitality, and Leisure Division at WTW - Risk & Insurance Workers Comp Forum Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. The Wall Street Journal New Jersey DOI mulls $250m commitment to Bain real estate fund IPE Real Assets Ryan Cos. brings on exec to lead health-care real estate efforts across Southeast - Triad Business Journal The Business Journals Collins: The changes in the real estate industry you need to know - San José Spotlight San José Spotlight Vainshtein joins Metrowest Commercial Real Estate : NEREJ New England Real Estate Journal Online Richland County OH real estate transactions, April 15-19, 2024 Mansfield News Journal Cohome Launches Innovative Fractional Ownership Marketplace to Transform Real Estate Investment for Retail ... Markets Insider Just $5.4B in U.S. Office Real Estate Sales in Q1: Report Commercial Observer Top 23 real estate apps for agents in 2024 HousingWire RI real estate transactions: What homes sold, for how much and to whom The Providence Journal The Superior Nature of Industrial Real Estate on 495 - by David Skinner New England Real Estate Journal Online Margot Spera Joins Alliant Specialty as Senior Vice President in Real Estate & Hospitality Division - Risk & Insurance Workers Comp Forum Fresno real estate spat's solution was in the works. Then one party's demise The Business Journal RDA Block, or most of it, for sale in the ID Seattle Daily Journal of Commerce REAL ESTATE | Spring Storewide Sale underway at General Store Antique Mall in Kewaskum, WI washingtoncountyinsider.com Real Estate Broker Sentenced for Embezzlement, Faces $2 Million in Fines and Restitution Santa Barbara Edhat Real estate transfers: 3 Stark County homes sell for $500000 or more Canton Repository A Recent Settlement Could Change the Way Real Estate Agents Are Paid Milwaukee Magazine Real Estate Forecast Next 5 Years: Steady Growth or Price Correction? Norada Real Estate Investments Rockford Is Now America's Top Housing Market After an Improbable Turnaround The Wall Street Journal A+ Real Estate: See How Much It Costs To Buy a Home in the Nation's Top 10 School Districts Realtor.com News Homes for sale at record high prices Crain's Chicago Business Galvanize Real Estate Acquires First Asset in Pioneering Profitable Decarbonization Strategy Chronicle-Tribune Manhattan Real Estate Update: "Embrace the Boredom" westsiderag.com Homes for Sale in Manhattan and Queens The New York Times reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Business Wire National Association of Realtors' $418M settlement approved by judge, bringing changes to homebuying process Chicago Sun-Times Law Firm Real Estate Report Law360 Ask The Expert: Vienna shares updates on real estate relationships, fees Niagara Frontier Publications Real Estate Roundup: 'The Cove' in Hume sells for nearly $19M and more Fauquier County transactions Fauquier Now Yo La Tengo, Real Estate and more to perform at Woodsist Festival in Accord in September The Daily Freeman JWB Real Estate Companies Announced 2024 Home Giveaway FirstCoastNews.com WTLV-WJXX real estate market and insurance Sacramento Appraisal Blog Austin real estate: Fund launched to help affordable housing projects The Business Journals 4 bedroom, 5 bath, 1 stone turret home lists at $4.2 million | Real Estate | postandcourier.com The Post and Courier REAL ESTATE | The Lofts at Cedar Lake include access to a 245-acre wooded campus washingtoncountyinsider.com The Top 3 Real Estate Stocks to Buy in April 2024 InvestorPlace Riverton State Office Task Force to receive updates on site selection, real estate purchase during Friday meeting County 10 News 9 Ways Rich Real Estate Owners Save Big on Estate Taxes Business Insider REAL ESTATE | Open House event April 25, 2024, at Love Hope Faith Home in West Bend, Wi | By Charmaine Brea washingtoncountyinsider.com Greenville home with 'closet to die for' lists for $5.35M | Real Estate | postandcourier.com The Post and Courier New national real estate scholarship goes to local youth ECB Publishing Real Estate Report: Mortgage rates see new high above 7% Hawaii News Now Placing a $190 million bet – Potawatomi Casino Hotel's Project First Strike - Milwaukee Business Journal The Business Journals |
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