Home Selling in 35020>Question Details

Tbodley, Home Buyer in Bessemer, AL

Where do agents come across motivated sellers?

Asked by Tbodley, Bessemer, AL Sun Jan 8, 2012

Who would you say are the most motivated private sellers based on a financial situation that drove them to sell in the first place? and where do you find these sellers?

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Motivation could be all kinds of different things, wanting to move where its warmer, to a larger place a smaller place and so on..... who knows each sellers reasons are different, as are every buyers motivations why they want to buy and why this house and not another one etc. etc.

When a seller sits down with a Realtor and lists their home, they want to sell, will they get the price that they either want, need for the next purchase or for a million other reasons, but they do want to and are motivated
to some point, will they give their home away probably NOT....

Where do we find them, well it's not like finding mushrooms in the forest, that would not be too bad, but that is not how it works, we reconnect with former clients, recommendations from friends, family, business associates, and any and all other ways, as professionals we connect with the buying and selling public
in all kinds of venues, and each of us, connects in different ways...

Are you looking to buy the most for the least. Just wondering.
You should have lots to look at...

Make sure you have your financials well sorted out, talk to a lender and then use an experienced buyers agent to work in your best interest and who will guide you through the entire process, there is lots to be careful and prudent about.

Do not do this alone...
Working always in the very BEST interest of her clients, buyers, sellers and investors alike!
Edith Always goes the X-tra Mile with a Smile for her clients :)

To get to know Edith a bit better and to find out what an experienced Realtor can do for you with their
expertise, experience in the market place, and the various services they offer please go to
0 votes Thank Flag Link Mon Jan 9, 2012
Hi, Every sellers motivation and financial situation is different. There are some markets thet are struggling more then others...but even sellers in those markets differ.
0 votes Thank Flag Link Mon Jan 9, 2012
As Don stated and I repeat, EVERY SELLER IS MOTIVATED!

However, the motivation factor will vary. Knowing how to discover what is REALLY compelling the move is essential. Then presenting a purchase offer uniquely configured for that seller is crucial. It is part of the craft.
You can benefit from the knowledge and skill of the professional you choose, but I certainly would not care to give you the keys to the kingdom. I certain you understand.

In one hour this past Sat morning I called six home sellers and received a total of $160,000 is price discounts. These home will never appear in the MLS. You need to call your real estate professional, they actually know what they are doing.

Best of success in acquiring your new home.
0 votes Thank Flag Link Mon Jan 9, 2012
Every seller is motivated, but the degree and type of motivation varies. There is no secret formula I know of to find them. I show my buyer's homes and when we find one that meets their criteria that they like I research the property and learn anything I can about the seller's degree of motivation. I will often call the listing agent to discuss our possible offer and allow them to reveal whatever they will. Some agents don't keep secrets very well, others do. A good agent will do a fair amount of ground work; ask the right questions in the right way to gain as much insight as possible. It takes some time and skill but it pays off.
0 votes Thank Flag Link Sun Jan 8, 2012
A good clue to look for is incremental price reductions that are consistent with the amount of time the home has been on the market. Also, look for incentives being offered upfront such as a home warranty, closing costs etc.

However, if your goal is to target only sellers motivated by financial hardship as the question seems to suggest, there may be limitations on the seller's ability to reduce the price competitively or offer incentives that he/she may not be able to afford. Instead, consider working with your agent to target short sales (time permitting) or REO properties (bank owned.)

Keep in mind that even the most motivated seller still hope to maximize the revenues earned from the sale and as such, will not typically advertise desperation.
0 votes Thank Flag Link Sun Jan 8, 2012
Every seller has a different situation. There is no real way to know which sellers are more motivated than others. Only by presenting an offer will you really know which are truly motivated.
0 votes Thank Flag Link Sun Jan 8, 2012
Pretty much what we do is construct a TARGET big enough for all to see:
Between Open Houses, Websites, Advertising and other Realtor's, we try to make it irresistable for people who WANT a house, to look at ours.
If it hasn't happened to you; we talk to people when we are standing in line at the bank, the supermarket and the car dealership. We create a netwook of potential clients and past clients. We count on word of mouth to talk about us, our past successes and our friends.
The idea is to make those motivated Buyers and Sellers come to us.

Good luck and may God bless
0 votes Thank Flag Link Sun Jan 8, 2012
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