subject: Real Estate Wholesaling: Finding Motivated Sellers [print this page] Real Estate Wholesaling: Finding Motivated Sellers
What is the key to a great deal? The main principle investors follow in real estate wholesaling is "buy low, sell high." They believe that you make money when you buy properties and not when you sell them. So where exactly can you find cheap properties? There are a lot of affordable properties out there, but there are also a lot of persistent investors who want to make money out of those deals. The competition is tight. Other investors also ride with the current supply and demand.
If you really are a persistent wholesaler, you can find great deals almost anytime, anywhere. All you need to do is to find a motivated seller. These are sellers who are so eager to trade their properties for a very low price. Some don't even care how much they're going to get. Sounds impossible? It's not if you focus your search for these people.
Motivated sellers are those people who are experiencing death in the family, divorce, financial crisis, job loss, and health problems. They think that the immediate sale of their houses can help them recover form these troubles. Naysayers say that being a wholesaler is like being a "vulture." You don't have to feel that way. You are not taking advantage of the seller's loss or misfortune. The truth is, they need you to sell their property. You are indeed helping them. Real estate wholesaling is not just about profit. Besides, the home seller must agree to the price that you offer in buying his property. You're not the only one who decides on that matter.
To find these motivated sellers, check for newspaper ads. Some sellers post advertisements there. The best thing to do though is to advertise yourself. Spread the word about your house wholesaling venture. You can also put ads on your daily newspaper or you can use the Internet. Make sure that you always have your phone with you. Be ready to receive and to make calls. Don't get discouraged if you can't close a deal with your first attempt. It takes several shots before you can successfully do this. Just be persistent.
Real estate wholesaling is very easy especially if you know how and where to start. Even if you are new to the real estate world, you can pull off this venture. Tunnel vision is the key. Focus on your goals. Look for motivated home sellers.
Know more about real estate wholesaling and finding motivated sellers at RehabList.com.
