Seller questions

Grove City, OH · Member since 2016 · 10 posts · 0 votes

When looking for good deals to place under contract, what are some good questions to ask the seller? (From an investors point of view.)

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Franklin Romine

Visalia-Fresno, CA · Member since 2009 · 1k+ posts · 863 votes

10y

Pretend like you are confident until you can build your confidence.

Franklin

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Edgar U.
Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
10y
Motivation is the biggest factor for me.
"Mr. Seller, why are you interested in selling, I mean this seems like a good piece of property?"
Timing is also another one.
"Mr. Seller, if we can pay X amount of money for your property and buy it within X amount of time, would you be interested in selling right away?"
Everything else is bonus
If the property needs work, etc, etc.
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Monte McBride
OP
Grove City, OH · Member since 2016 · 10 posts · 0 votes
10y
Okay, Thank you this all sounds great!
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Ned CareyPro Member
Moderator
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
10y
There are some really good threads here about this subject. A search should find them.
- What are you trying to achieve here?
- What are you going to do if you can't sell the property?
- Do you need to get any money out of this or do you just want to get the property out of your name?
- Is it important to sell quickly?
- If I could pay you more money would you be willing to accept payments over times?
- Do you owe any money on the house?
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Monte McBride
OP
Grove City, OH · Member since 2016 · 10 posts · 0 votes
10y
@Ned Carey okay thank you, I will try and look a few up
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Franklin Romine
Visalia-Fresno, CA · Member since 2009 · 1k+ posts · 863 votes
10y
The ability to build rapport quickly and mirror the seller is key to putting deals together.

Franklin
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Monte McBride
OP
Grove City, OH · Member since 2016 · 10 posts · 0 votes
10y
@Franklin Romine Yes I agree, I think that is something I would build over time. Once I become comfortable with speaking to the seller.
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Franklin Romine
Visalia-Fresno, CA · Member since 2009 · 1k+ posts · 863 votes
10y
Pretend like you are confident until you can build your confidence.

Franklin
3 Reply

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