What to say to motivated sellers.

What to say to motivated sellers.

Lynwood, CA · Member since 2016 · 8 posts · 2 votes

hey bp. today is an exciting day for me. I have just received my first call back today from a leads i  mailed out about 3-4 days ago.

 Which bring me to my problem. what do i say to potential sellers the first time i speak to them.  Im sure there are key question i should ask, and information that would be beneficial for me to have. 

any help will be appreciated 

thank you

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Ned CareyPro Member
Moderator
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
10y

This question just came up a few hours ago. Here is the thread

https://www.biggerpockets.com/forums/93/topics/291...

Here is a list of questions I came up with

  • 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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  • Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
    10y

    The most essential ingredient to ask for is finding out their timing and motivation. 

    Find out their true motivation, why are you selling? 

    For the most part most sellers will let you know their timing from the start (i.e), they call you and they tell you "I'm curious to know what your cash offer will be." 9/10 the word curious means they don't want to sell! 

  • Investor · Odessa, TX · Member since 2015 · 54 posts · 22 votes
    10y

    Hello Justin,

    You can try to structure your convo around these topics:

    Name: 

    Address:  
    Reason for selling:
    Sell by:
    Tried realtor:
    Why not:
    Anyone else part owner:
    Property Info:
    Owned Since:
    Status:
    Has Mortgage:
    Repairs Needed:
    Memo:

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    10y

    This question just came up a few hours ago. Here is the thread

    https://www.biggerpockets.com/forums/93/topics/291...

    Here is a list of questions I came up with

    • 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?
  • Lynwood, CA · Member since 2016 · 8 posts · 2 votes
    10y

    thanks a bunch for  the replies. 

  • Real Estate Agent · Kitchener-Waterloo-Cambridge, Ontario · Member since 2013 · 408 posts · 90 votes
    10y

    Why are you selling?

    Where are you moving to? 

    when do you need to be there?

    How much are you expecting from the sale?

    So from what your telling me if I had x dollars and closed on x date that would be optimal for you?

    If they need to be somewhere soon, that's where you get the win. Say listen mr and mrs seller in this market it could take over 60 days to list and sell a home. I will offer you x now and close in half that time so you can get to where you need to be in the time you need to be there.

    Solve their problems

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