Finding Motivated Sellers

| February 4, 2008 | Reply

Today marks my first experience in working with a motivated homeowner.  Although I’ve gotten good deals by using a real estate agent, I now see how better deals can be made by working with the owner directly.

It all started two weeks ago when I began marketing to foreclosure owners and calling FSBO (For Sale By Owner) signs.  Last week I sent approximately 15 postcards to owners in foreclosure, with no response as of yet.  However, I called a FSBO sign last week and got a quick response!  I met with the owner today.  I must say it was an exciting experience!  Why?  Because although the seller and I didn’t agree on price, the terms we’re completely negotiable.  I finally experienced what is was like to have total flexibility in negotiating a sale.  In fact, I wouldn’t of had to worry about using bank financing or a real estate agent.  

I’m sure there are many of you who have experience in working with motivated sellers.  I’d love to hear your success stories, or even some helpful advice in this type of investing.  Please feel free to post a comment. 

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Category: Business, Interest Rates, Investing, Real Estate, Success

About the Author ()

Rob Myrick is a entrepreneur, web designer, and blogger who resides in Phoenix, Arizona. He works with entrepreneurs who have the need to take their product to the Internet, or who simply need marketing skills as a supporting strategy to their existing business. Rob has worked for several well-known entrepreneurs such as top blogger Katie Freiling, and also businesses such as The Startup Garage located in San Diego, CA.

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