What is a motivated seller?
A motivated seller is
an owner willing to accept an offer for less than retail price for the property
in return for a quick and easy closing. Many times, the homeowners are facing
foreclosure, job loss, divorce, illness or simply cannot afford to make the payments.
Sometimes the properties are in need of repair and the homeowner will not repair
Where did you find these motivated sellers?
These homeowners searched the internet looking for someone to buy their
house. We market to these searchers and ask them a few questions about their property
and situation. This information helps investors determine if their property is
a viable investment and if they are sufficiently motivated to sell it below value.
Are all these leads good investments?
there is no guarantee that these are all good investments. As with any open marketplace,
some homeowners believe their house is worth more than anyone is willing to pay.
Other homeowners simply owe too much on their property for an investor to pick
it up inexpensively. That said, some of these deals are excellent opportunities
to purchase properties at deep discounts. You need to generate
recent sales comparisons to determine the true value of any property before
making an offer.
How do I purchase these properties?
suggest you contact the seller directly and discuss their situation to understand
if they are truly motivated to sell. Make an appointment to view the property
and have your get estimates on repairs. Pull comps from a real estate agent or
a service like Investway to ensure you understand the after repair value (ARV).
Then calculate a purchase price based on the repairs, closing and holding costs
and your profit and make an offer to the homeowner.
do we charge to view these details?
Fair question. Our goal is to build
the leading online community for DFW investors. Unfortunately, this doesn't come
cheap. We've invested thousands of hours of development on the site and we spend
several thousand each month in marketing to moitivated sellers, investors and
wholesalers. The low subscription price we charge for access helps us recoup this
investment. We believe this is a fair price for such valuable information.