Question Details

Michelle, Home Buyer in West Virginia

how do you go about asking if a home owner would consider selling there home if its not on the market?

Asked by Michelle, West Virginia Thu Aug 9, 2007

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10
I have actually done that for clients. Most people don't want to sell....but it does get them to thinking......and if you leave them your info, you will be the first person they call when the consider selling (probably after they have done some price fishing)
1 vote Thank Flag Link Fri Aug 10, 2007
The best approach is a direct approach. You can drop them a note or letter in the mail or even talk with them direct. I actually have had someone who grew up in the neighborhood ring my doorbell and ask if I was interested in selling.
Web Reference: http://pamwinterbauer.com
1 vote Thank Flag Link Thu Aug 9, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
Absolutely try the direct approach. I would start with a letter or personal card just so they are not alarmed when you knock on their door. Compliment their home, let them know that you would love it if they would give you the opportunity to buy their house if they were so willing to let it go. If you don't receive a response perhaps knocking on their door is an option too, but I personally would feel against that just because I consider it a little invasive of my space. But make sure to include all your contact information in the letter if you do so! Good luck!
1 vote Thank Flag Link Thu Aug 9, 2007
That is one of my favorite reasons why I like where I live. The first year we lived here, I received 3 personal cards asking if I ever wanted to sell my home to give them a call. They said they were NOT real estate agents or investors and told me WHY they wanted to buy MY home.

Go rent the movie "War of the Roses".
Ruth
1 vote Thank Flag Link Thu Aug 9, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
I beleive a direct approach is best. Maybe a note or a letter to determine their interest in selling.
0 votes Thank Flag Link Fri Aug 10, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
I don't recommend approaching the homeowner by knocking on the door. It can be invasive and cause the homeowner to take a step back.

If you are not represented by a Realtor, than you can drop a note card in the mail and see if they respond. I am bit curious as to why this particular home interests you. Is it the property, or circumstances surrounding the property? If it is solely the uniqueness of the property, incorporate those thoughts in your note, explaining why their property may be right for you while others on the market are not.

If your interest in the property is predicated upon circumstances that you believe may cause the owner to want to sell, the property owner may be guarded about your motives. i.e. Did you hear they were being transferred? Is there a pending divorce? Are there financial pressures which could cause them to sell?

If any of the above are factors, your note may cause the owner to be cautious.

Sometimes Realtors have better success than individuals in an outreach to an owner. You might also consider finding an agent to represent you and aksing them to make the approach.
0 votes Thank Flag Link Fri Aug 10, 2007
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
Contact
I have sent letters, or dropped them off. I might knock on a door. It all wold depend on how badly my client wanted it.
0 votes Thank Flag Link Fri Aug 10, 2007
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
I've sent query letters to home/lot owners.
Web Reference: http://www.ameliapearn.com
0 votes Thank Flag Link Fri Aug 10, 2007
I am curious as to the reason that you like that particular home? Just wondering what that home may have that you could not find in another home.
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Fri Aug 10, 2007
Cindi Hagley, Real Estate Pro in San Ramon, CA
MVP'08
Contact
If you can, approach them directly. They will probably want to know if you are a Realtor, or just interested in it for yourself. Some sellers will ask you what you would pay them for it because almost any home can be available for the right price! Make sure you know what the market value would be before you go. A Realtor can help you with that. Good luck!
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Thu Aug 9, 2007
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