» How to Make Money in a Distressed Seller Market » Posted by Realestator      

We’re currently in a Distressed Seller Market. These types of sellers are often called “don’t wanters” - they simply don’t want the property anymore, the headaches, the payments, the deferred maintenance, the tenants, etc. etc. ANYMORE!

In order for an investor to make money from a distressed seller, usually the homeowner must be willing to give away some or all of their equity in the deal. If there is no equity, then they must be anxious enough to sell for what they owe on the property, otherwise they’ll be faced with doing a Short Sale and possibly being foreclosed on.

Some distressed sellers are created simply by being put in a situation they unexpectedly found themselves in, such as an estate sale. Inheriting a piece of property you don’t want or don’t know how to get rid of can make a lot of seller’s anxious, so an investor can help the heirs dispose of the property and move on with their life, more than likely leaving behind a sad chapter.

Other times, the market creates a don’t wanter. If someone is trying to sell their property in a Buyer’s Market where there is a glut of property and they cannot sell it after six months, this homeowner may be very anxious to get rid of the property at a discount.

In a Distressed Seller Market, you need to find someone who is anxious enough to make a deal such that the deal is advantageous to them and the you, the investor.

For more real estate investing information, visit the realestator’s website at www.real-estate-investing-support.com

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» Posted in Buying Methods on May 20, 2008.

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