HomeVestors Knows The Three Streams Of Motivated Sellers

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Finding motivated sellers is the key to running a successful real estate investing business. Pursue these three avenues and motivated sellers will be easy to target.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years. The company knows that motivated sellers are what allow real estate investors to make the profits that they do. There are many techniques that real estate investors use to find motivated sellers. The top three places to look for motivated sellers are vacant homes, probates, and rental properties that have a negative cash flow.

Finding vacant homes is the first place to look for motivated sellers. While not all owners of vacant homes want to sell their home, many of them do. In order to solicit to owners of vacant homes, search through tax records by address and find the owners of these houses. Then send them a letter explaining the business, while giving them many ways to reply. In order to increase one’s scope, hire birddogs who can go out prospecting the neighborhoods in search of houses that are vacant. Pay them a certain percentage of any property that successfully closes and risk nothing, while working as a team.

In order to find motivated sellers, find probates, as many people who inherit property don’t know what to do with it. Many of them want a way to trade it for cash, quickly, without having to go through the entire selling process. In order to find inheritance property, search through the probate division at the county court house. Search through the weeks’ list and write each one of them a letter, regarding selling their property.

The last group of motivated sellers is rental property owners who are losing money. Many rental property owners began in the business because the theory of rental property investing appeared promising. Some didn’t realize the amount of work necessary to successfully run their business. Many may have gotten stuck with bad tenants who aren’t paying their rent or are damaging the property. Give these rental property owners a way out of their failing mortgage. Offer to purchase their property and let them move on.

In order to find these desperate sellers of rental property, call the numbers on their for rent signs. Talk to them and get a feel for how things are going on their property. Then, let them know how they can be relieved of their problem, if they are interested.

These three streams of motivated sellers should keep investors busy and they should have no problem finding properties below market value.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties. Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community. In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction. For more information, visit www.HomeVestors.com.

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