Finding motivated sellers is a fundamental component of real estate wholesaling. If you read our previous article, How to Build a Buyers List, you'll recall our opinion that building a buyer's is a distant second place behind putting sellers under contract. If you don't know how to put sellers under contract, you will have a very hard time being a successful real estate wholesaler.
The purpose of this article is to teach you how to find motivated sellers. Let's take a step back and look at real estate wholesaling from a different perspective.
Motivated sellers are all around you, and it can be overwhelming to stay organized and remember all of the different channels where motivated sellers can be found.
Here are some of the most important sources of motivated sellers:
It's important to get this part right, because you can spend a lot of time researching only to have a pitch that misses the mark. Don't get shut down by the seller.
If your communication channel is a cold call, get your core message delivered up-front in an uninterrupted manner.
Catalysts are a motivating factor to sell in the near term. Examples include:
Whatever the reason my be, find it out. If it's enough of a catalyst, there's a high probability you can create a win-win deal. Wholesalers post their deals for free on OfferMarket.
Building a buyers list is a critical component of real estate wholesaling. Some argue it’s the most ...
Learn why selling a house in AS IS condition makes financial sense. The key to selling your home fas...
Should you sell your rental property? Read this guide to determine if selling your tenant-occupied o...
What is wholesale real estate? How does it work? Learn expert insights from OfferMarket....
Learn how to sell your house fast without a real estate agent by making buyers compete and using tec...
Buying a house without an agent can benefit you and the seller. See if you have what it takes to buy...
Learn why and when selling a house in poor condition makes financial sense. The key to selling your ...
Selling a house with tenants on a lease is a lot easier than you might think if you focus on these f...
The current housing market is arguably out of control. A major supply and demand imbalance has catap...
Are you considering selling your house For Sale By Owner (FSBO)? Before you do, learn For Sale By Ow...
How to buy a house: everything you need to know, expert insights and commentary to help you buy a ho...
What are wholesale properties? Learn about wholesale real estate and how anyone buying or selling re...
Learn the most cost effective ways to increase home value before selling. Avoid common money-losing ...
Learn how real estate wholesalers find motivated sellers. Where are motivated sellers? How do you en...