Buyer's Advantages if Seller is Motivated?
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Motivated Sellers: What are they, where can you find them and why are they motivated??
A motivated seller is usually a person who is looking to sell their home quickly, and usually is less concerned with the sale price. But please be forewarned that seeing the "Motivated Seller" does not necessarily mean that a seller is desperate enough to agree to a quick and costly sale. A motivated seller could be an advantage to a buyer, but it would be a better advantage to the buyer to ask questions about why a seller is motivated. If you do not know what the motivation, how can you help the seller?
Some of the reasons seller can be motivated:
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Job lost
- Family crises, such as health issues
- Financial
- Need to move
- Strictly emotional
- Divorce
- Property is falling apart and want to get out from under it
- Property is overpriced
- Seller is purchasing another property and need the money from this sale
- Seller is transferring to new location for a new job
- Seller is trying to avoid foreclosure (very popular in this "soft market")
- Ad can be misleading in that motivated seller can be designed to elicit interest in a property
- Seller maybe a For Sale by Owner and is right at the point of frustration
- Seller may have inherited the property and want nothing to do with it, but to sell it
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