A motivated seller is someone who has a very strong need or desire to sell his or her property and nothing else but selling will work for this individual. If you’re chasing a seller who has no motivation to sell you are wasting your time.
During your initial meeting or phone conversation with the seller you need to determine the real reason the seller is motivated to sell. This is a very important part of your negotiating strategy. Once you know the seller’s real motivation for selling you will be in a better position to structure an offer/solution that meets their need and yours.
The Fixer-Upper Investor is also a problem solver. Solving other people’s problem is the key to our success. Ask questions to help you understand the seller’s situation. Dig deep, without being intrusive, be attentive, be creative.
If you have a truly motivated seller you will have the most success if you can help them and provide a solution that meets their needs. Don’t forget motivated sellers are also very emotional and you will need to keep this in mind when dealing with them. Treat them with respect and empathy and you will gain their trust and their business.
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