Flipping Real Estate: The 3 Ds Of Creating A Sellers List

As you may know, it is very important for a real estate investor to build a sellers list when flipping real estate

. Knowing where to find good sources of investment properties can be quite a handy, especially if you have lots of potential buyers already waiting for you. But, how do you exactly build a strong sellers list?

The process of creating a sellers list is quite simple, actually. All you have to do is to find homeowners who have pressing reasons to sell their properties. Motivated home sellers are considered one of the best sources of houses that you can flip. They can close quickly and most of all, they are willing to sell properties at discounted prices.

There are three things that you should look out for when searching for motivated home sellers. These are debt, death, and divorce.

Debt. A huge debt is probably one of the biggest reasons why a homeowner is selling his home. Because of unpaid mortgages, property taxes, and utility bills, a homeowner may opt to get rid of his house to prevent his financial liabilities from piling up. For this reason, you should include distressed property owners to your sellers list when flipping real estate. Since they are in a hurry to sell their homes, negotiating with them for a lower asking price would be much easier as compared to convincing an unmotivated seller to sell properties at a discounted price.

Death. Although most people would be delighted with the prospect of inheriting properties from a deceased family member, some are not exactly thrilled with such a scenario since owning additional properties entails a lot of responsibility. Homeowners who are not too keen on taking unwanted responsibilities are ideal candidates for your sellers list. Because they dont want to look after another property, they would be more than willing to sell you the house that they have inherited from a deceased relative.

Divorce. When married couples separate, nobody usually wants to have the burden of looking after their former love nest. This is the reason why those who filed for divorce are ideal sources of properties that you can flip.

Because they are in a hurry to get rid of their unwanted properties, they are more open to the idea of selling their home at a much lower price.

If you want to get more real estate investing tips on finding motivated sellers and creating a buyers list when flipping real estate, you should go to www.RehabList.com.

by: Jason Lewis

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