How to Find an Owner who wants to Sell

When trying to determine how an owner sell will go, you need to look at a few things. When you are buying a property, you need to find an owner that really wants to sell. If you can locate one, you stand to save a substantial amount of money. However, sometimes, locating an owner that really wants to sell can be difficult. Here are a few ways that you can find an owner that wants to sell. 

Long-Term Listings

The first thing that will usually tip you off as to how bad an owner wants to sell is the length of time that their house has been on the market. If you have been driving by a house for six months or a year with a sale sign in the yard, you can rest assured that the owner really wants to sell. If you look at the house, they might make you a great deal to buy the house. The longer a house sits on the market, the more likely the owner desperately wants to sell it. If you want to find houses that need to be moved quickly, look at a list of the houses that have been on the market the longest. 

Lowered Price

Another easy way to find an owner that wants to sell is look for the lowered prices. Driving through a neighborhood, it is common to see a sign on top of the "For Sale" sign that says something about the lowered price. They might be advertising the new price or the recently lowered one. Regardless of how they word it, this means that they are ready to sell. They know that they are never going to make more than they list it for. Therefore, they probably also understand that they will have to take less than the reduced price to get it sold. Some owners have lowered the price of the home three or four times if the house is not selling it. This can actually be counterproductive for them, but it can get you a great deal if you work it properly.

Talk to an Agent

Talking to a real estate agent is one of the best ways to find motivated sellers. Real estate agents have inside information on the local market and they can usually hook you up with motivated sellers. One of their counterparts might have a very motivated client and they put the word out. This can result in you saving a lot of time and finding an owner that desperately wants to sell. 

Look for Cues

When you are reading through ads of houses on the market, many of them will include little hints and clues that they really want to sell. You might see words like "priced to sell" or "motivated seller" in the description. Each seller might word it differently, just make sure that you keep your eyes open for any verbal cues. 


blog comments powered by Disqus