subject: Finding Motivated Sellers When Flipping Houses [print this page] The best part about wholesaling, also known as flipping houses, is that you can start a real estate business without shelling out huge amounts of money. In fact, veteran wholesalers swear that wholesaling is the quickest and safest way to earn money. Hypothetically, it is easy; but finding willing sellers is the slightly tricky part. Planning the right strategy and approaching the right people will give you the joy of closing deal after deal every month with a handsome paycheck. Who are these motivated sellers, you ask? These are the following:
People with inherited estates
These sons and daughters who inherit a property from their parents mostly want cash instead. They prefer something they could spend, rather than something they have to maintain, like a house, for example. People like these are willing to sell their houses immediately upon claiming their inheritance. These people are looking for wholesalers to help them get rid of the property and claim the cash that they would get from it.
Couples facing divorce
Unhappily married couples who are in the middle of a divorce process usually want to split all their properties between them. Since a house is a property that cannot be shared by two people who wish to go on separate ways, selling their house is the best option to split the equity the property has. This is also the most practical way for the couple to equally liquidate the propertys worth. Leaving the job to a wholesaler who is an expert in flipping houses would help sell the house in no time and speed up the divorce process.
People facing foreclosure
These peoples houses that are at some stage of the foreclosure process are willing to sell them before the bank repossesses the properties. They would be willing to sell the house because of reasons like bankruptcy or the chances of incurring a bad credit score. Because of these financial problems, some are also motivated to get the property out of their hands because it is such a burden to them. Thus, the only option to save them from having the property foreclosed is to sell their property to a wholesaler. If you want to read more about flipping houses, visit RehabList.com.
