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Tips for finding motivated sellers

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Did you know that not all sellers are motivated to sell their property? Some sellers have unrealistic price expectation, and no pressing desire to close a deal. In these cases, it is often best to avoid these kinds of sellers, because just as a seller needs to trust that you will carry out your agreement to close in good faith, you have to have the same confidence in the seller.

Ask questions of a seller

You should try to find an opportunity to ask a seller some questions. Try to find out why he/she is selling. It may be related to job demands, retirement, financial pressure, or other reasons. If you find out that there is a strong motivation for the seller to close the deal, it's a good start. You can also use that opportunity to make a creative offer to help meet the seller's timetable requirements or terms. This can establish good will, and important part of every successful transaction.

Warning signs of an unmotivated seller

  • They have no recent appraisal, or delay getting one
  • They keep moving out the move-out date
  • They don't have a plan for moving into another property
 

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