|
Author: Robert Palmer Article source: http://www.articlealley.com/. Used with author's permission.
A motivated buyer is one who spends his time tracking down and meeting with motivated sellers who are eager to sell their houses and other properties.
Understanding few things in real estate investing will make it easier to you, to become a motivated buyer.
Deal with motivated sellers who can't wait for you to put an offer in front of them, so they can get that property signed off and get the property out of their lives once and for all. It often doesn't take more than a moment or two on the telephone to hear motivation, or the lack of motivation, in the seller's voice. Look for those "hot to go" sellers, and when you locate one, get your proposal into their hands immediately.
This is a business where houses are the commodity, and stock in the trade and treat them as commodity. Generally, you can count on the fact that a house is a house is a house, and don't particularly care about all the details at this point in your game plan. Don't be interested in spending the time that it would take to thoroughly research the particular in's and out's of each and every property we encounter.
You can also make offers over the phone on properties you've never seen. Use the information the seller provides to formulate an offer. Upon acceptance begin the "sort it out" process. During the process of "due diligence," determine the details of the seller and advise the seller of your findings and decide whether to renegotiate or simply walk off.
Real estate investing often requires someone spending lots of time figuring things out, inspecting, getting estimates, applying for permits, etc. Once you have a property tied up and you're marketing it, let the buyer figure out those tough things that often require more time than we care to invest.
Never ever spend your own money in buying a property as an investor. You can initiate the process without having cash on the table.
Finally following these instructions can make you a successful and motivated buyer.
--
Marcell Corkern is a writer and active Real Estate Investor and specializes in investments of residential real estate and residential mortgages
|
Print this page