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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: San Francisco's real estate market is crashing New York Post Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times FLAGSHIP COMMUNITIES REAL ESTATE INVESTMENT TRUST ANNOUNCES CLOSING OF APPROXIMATELY US ... Yahoo Finance The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal Agencies' headquarters in DC remained 'nearly empty' in 2023, real-estate board finds Federal News Network Charlotte County cash buyers bolster mixed real estate market Gulfshore Business Alabama Realtors release March economic and real estate report Alabama Political Reporter Real-estate agent's ritzy Hamptons home used in fake Airbnb scam Business Insider Santander now servicing $9B NY real estate portfolio previously held by Signature Bank Long Island Business News The Highest Paid Execs in Real Estate Mike DelPrete Real Estate Transactions Business West Real estate taxes due April 30 for Codington County property owners Watertown Public Opinion Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. The Wall Street Journal Homebuyers and sellers might spend less following major real-estate settlement - Evanston RoundTable Homebuyers and sellers might spend less following major real-estate settlement Evanston RoundTable Real Estate Taxes Due, Wednesday, May 1 | Boxford MA Boxford MA | Joel Heydenburk Discusses Evolution of Fort Worth Real Estate on 'Location Cubed' Podcast – Jackson Walker Jackson Walker LLP Atlanta Real Estate Investor's Sales Pitch Is a Curveball: Lease Office Space, Become Co-Owner CoStar Group University of San Diego real estate team wins first place in 2024 ARGUS University Challenge Daily Commercial News FLAGSHIP COMMUNITIES REAL ESTATE INVESTMENT TRUST ANNOUNCES CLOSING OF APPROXIMATELY US ... 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Bankrate.com CoStar eyes virtual reality as integral player in future real estate deals - Washington Business Journal The Business Journals Episode 193: From Real Estate Mogul to Live Theater Producer Biz New Orleans Manhattan Real Estate Update: "Embrace the Boredom" westsiderag.com 10 Real Estate Charts Showing What's Next for Housing: Ivy Zelman Business Insider Two Palm Beach billionaires linked to $108M house purchase in Aspen Palm Beach Daily News VIDEO | REAL ESTATE | Jackson restaurant for sale by Wendy Wendorf - Homestead Realty washingtoncountyinsider.com ACCENTRO Real Estate AG (ETR:A4Y) Stock's 31% Dive Might Signal An Opportunity But It Requires Some Scrutiny Simply Wall St Former HGTV star gets jail time for real estate fraud PIX11 New York News Inside Bill Gates' real estate, from his Seattle to Florida houses Business Insider Historic Markley Hotel will be redeveloped as small business, retail hub with student housing next door Baltimore Sun REAL ESTATE | Open House event April 25, 2024, at Love Hope Faith Home in West Bend, Wi | By Charmaine Brea washingtoncountyinsider.com Big bill comes due for Martin Selig, giant of Seattle office real estate The Seattle Times Better Homes and Gardens® Real Estate Announces Renewal of 45-year-old Atlanta Brokerage Franchising.com Driven by High Rates, U.S. Commercial Lending Imploded 47 Percent in 2023 The World Property Journal Letter to FERC: TDP real estate ad sparks Cheat Lake resident's concern about removing Cheat Lake land from federal ... The Dominion Post WSP expands Advisory business in MENA with Real Estate practice Consultancy-me.com Best Real Estate Stocks to Buy in 2024 Techopedia Great week for Prodea Real Estate Investment Company Société Anonyme (ATH:PRODEA) institutional investors after ... Simply Wall St 9 Best Places To Live In Portugal, According To Local Real Estate Experts TRAVEL + LEISURE INDIA How Alexico's $180 Million Deal With St. Francis College Fell Apart The New York Times |
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