Motivated property sellers used to be a rare find.
Over the last few years, while the property market has been in the ascendancy, property sellers only became motivated when they saw something they wanted. With the housing market rapidly adjusting itself in the UK, property sellers have suddenly become more motivated by other factors including the desire to ‘offload’ surplas property portfolios before they have negative equity.
Why would someone buy now? Buyers can get a bargain basement price when purchasing from a motivated seller. In many cases, witnessed recently, sellers have been happy to sell at less than their purchase price 2 years before. Most of the sellers are seeking to avoid re-possession and the resultant ‘black mark’ against their name. In one case, a client on our For Sale By Owner site , www.buymyvilla.com , had 3 properties to sell on one development. He advertised just one on the site and has met with great success. He now has a lawyer interested in buying all 3.
The method seems to be working for the sellers, but the buyers are going out of their way to find what the industry now calls ‘motivated sellers’.
For a cheap, bargain, property visit Motivated Property Sellers for a selection, and deal with the property owners direct.
