When you decide that you want to create an income stream through real estate investment, one skill that you must master is finding motivated sellers. The fact is that they are actually everywhere, you just have to know where to look. One of the most incredible resources may be right at the tips of your fingers in your local newspaper.
As you browse through the classified ads in your local newspaper, you will notice that there are several different categories listed. Surprisingly, you have a chance at finding motivated sellers in many of these categories.
Here are a few keywords to look for in order to find motivated sellers in the classified ads:
- Any offer considered
- Call anytime
- Divorce
- Drastically reduced
- Elderly owner
- Lease option
- Needs repairs
- Needs TLC
- No reasonable offer refused
- Owner financing
- Owner will carry, or OWC
- Relocation
- Seller financing
- Transfer
With a little research, you will be able to find many, many more helpful keywords. However, these are the most frequently used and you should always find phrases similar to these listed in the classified section of your local newspaper.
The best ads are by far the ones that indicate that the property is for sale by the owner. Often times, these sellers have some type of personal or financial concerns and are looking to unload the property as quickly as possible. When you inquire about properties that you find advertised in the newspaper, you may want to avoid transactions with property problems unless you are skilled in this sort of thing and able to buy and sell properties quickly with little effort.
As you become more comfortable in the real estate investment industry, you will learn several techniques that will enable you to determine which sellers are the most motivated. When you know the right questions to ask, you stand to profit big from the bargains you gain through motivated sellers.
Tags: real estate investment, real estate investment industry
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Finding a motivated seller is definitely time well spent. And the classifieds (online or offline) can be a great place to do just that.
Your list with keywords that these sellers might use is really good – a great help to sort through the masses of ads out there.