absentee owner lists-house prices

[Amy G.]

Hi all,

I am wondering about home price when it comes to marketing to absentee owners. Have those of you with experience in this area determined that a particular range (eg, low, med, high) of home price tends to be that of an absentee motivated seller? I realize all markets are different ... It would seem to me that a $2mil home would less likely be that of an absentee motivated seller who would more likely list with a realtor, but.... Anyone notice a cutoff price point or data on this topic?

Also, could someone explain the amount of equity ownership recommended by these sellers to make them attractive to a cash buyer?

Thanks!

[Sean Leone]

go with median price or a bit less. Look for loans 2000 or later to find owners with enough equity.