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25 Reasons Sellers Are Motivated To Sell
Remember, the deals you are looking for are not found in just looking for people to sell. Anyone can search Zillow or Redfin for sellers, but the key is MOTIVATED to sell. We are in the business of solving problems! Here are 25 reasons to start thinking of motivations you are looking for. Try to add at least one more to the list in the comments! 1. Financial Hardship: Loss of income due to job loss, reduced work hours, or other financial crises can make it hard to maintain mortgage payments. 2. Avoiding Foreclosure: They may want to sell before the bank forecloses to avoid damaging their credit score or losing all their equity. 3. Mounting Debt: High debt from medical bills, credit cards, or other obligations may force a quick sale to regain financial stability. 4. Divorce or Breakup: Splitting up assets quickly to move on emotionally or to finalize legal proceedings. 5. Inherited Property: Inheriting an unwanted or unmanageable property can prompt a quick sale to avoid taxes, upkeep, or legal fees. 6. Relocation for Work: A job transfer or new job in another city may make it essential to sell fast to avoid maintaining two homes. 7. Health Issues: Medical concerns may require downsizing, moving closer to family, or accessing funds from the property’s equity. 8. Death in the Family: The need to sell an inherited home or deal with the financial aftermath of a family member’s death. 9. Major Repairs Needed: The home may need costly repairs or renovations that the owner can’t afford or doesn’t want to undertake. 10. Downsizing: A desire to reduce living expenses or simplify life, especially for retirees or empty nesters. 11. Market Timing: Selling quickly to capitalize on a hot market before property values decline. 12. Negative Equity: If they owe more on the mortgage than the property is worth, they may seek a quick sale to avoid long-term losses. 13. Retirement Plans: Selling real estate may be part of a retirement plan, especially if funds are needed to finance retirement living. 14. Tax Delinquency: Unpaid property taxes could lead to a tax sale, making a fast sale a preferable alternative. 15. Job Loss: Sudden job loss can lead to a lack of income, making it difficult to afford mortgage payments. 16. Investment Gone Wrong: An investment property that isn’t profitable or has become a financial drain may prompt a quick sale. 17. Unwanted Rental Property: Tired landlords may sell quickly if they’re experiencing bad tenants, frequent repairs, or low rental returns. 18. Changes in the Neighborhood: Declining neighborhood conditions or increased crime may motivate a fast sale. 19. Pending Legal Actions or Liens: Liens or legal judgments against the property may make selling quickly the best option. 20. Personal Safety Concerns: Issues like domestic violence or harassment may necessitate a quick relocation for personal safety. 21. Changing Lifestyle Needs: Major lifestyle changes, such as marriage, children, or needing extra space, can prompt the need for a quick sale. 22. Zoning or Code Violations: The property may have zoning issues or code violations that are costly to resolve, pushing the owner to sell fast. 23. Long-term Vacancy: A property that’s been vacant for a long time may need to be sold to avoid deterioration, taxes, or potential squatters. 24. Liquidating Assets for Business Needs: They may need fast cash to invest in a business or another financial venture. 25. Natural Disaster Damage: The property may have been damaged in a natural disaster (fire, flood, etc.), prompting a fast sale rather than repair.
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New comment 17h ago
25 Reasons Sellers Are Motivated To Sell
👋 Welcome to The Real Estate Learning Community Skool
If you are reading this message, you should seriously give yourself a pat on the back. The average person gets stuck in life often wondering "what if" or just afraid to take action. You decided to take action and move just that much closer to your life and real estate goals. I can't thank you enough for being here whether for networking, learning, doing deals with each other or all of the above. I created this experience from NOT HAVING an experience like this when I started my real estate journey. Just watching a ton of Youtube videos and listening to podcasts, failing my way forward. Well, I'm here to help even 1 person not feel like they don't have a safe place to truly learn and take their business to the next level. RELCom Skool is for ALL LEVELS of real estate experience. So, don't be shy if you literally know nothing (we all had to start there) and don't be egotistical (none of us ever "arrive" and that's one of the things I love about real estate, there's always so much room to grow.) What's next? If you haven't checked out the Welcome Video, take just a few minutes to understand how this all works and the vision here and make sure you answer the poll below! https://www.skool.com/relcom/classroom/a7c22309?md=a3319f11c1954ef4ae51df35dc70af1d GET READY FOR AN INCREDIBLE JOURNEY TOGETHER! 🥳
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New comment 18h ago
👋 Welcome to The Real Estate Learning Community Skool
Hi, I'm Andres
Hey everyone my names is Andres. I have lived most of my life here in Greenville, SC. My goal is to just make 1-2 wholesale deals by the end of the year. I also got my RE License a couple of weeks ago and in college at USC Upstate. I'd really like to connect with as many people as possible, just like Myles I'd love to make money with other members so we all learn and profit. Currently trying to wholesale in GA and SC. Thanks and looking forward to seeing you guys Friday! I want to get these 3 things from the community: 1.  Connect and help others learn 2.  Get more knowledge in wholesaling 3. Start my investing journey For fun I like to do these 3 things: 1.  Workout 2.  Play soccer, I've played all my life 3. Relax with the family
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New comment 23h ago
🚨 Get Creative With Your Marketing
The most common forms of marketing to distressed sellers are cold calling, text messaging, post cards, door knocking, radio ads, TV ads, Facebook ads, etc. All of these require a lot of paid monthly marketing expenses or just personal time. I'm always thinking of ways you can create marketing you pay for once, yet get paid for it over and over again. Well, I spent $278.45 one time to get branding on my work truck that has created several leads since then, with this one being the first potential closed deal. This is a used double-wide mobile home that I can either A. Buy extremely cheap, fix it up all for under $20K purchase and rehab and then sell it for $45,000 cash and make about $25,000 or sell for $55K with a $25K down payment, net $5K upfront, $35K total net and $700-$800/month monthly mortgage payments to me. (Owner finance)(3-5 months to rehab and then sell) B. Wholesale to an end buyer to make a very quick $10K. (Less than 30 days) Which option would you choose & why?
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New comment 1d ago
🚨 Get Creative With Your Marketing
🚨 Don't Forget Your Homework!
So excited for those of you already taking the steps to be a part of this community here! Don't forget you get out of this opportunity what you put in to it. If you haven't introduced yourself or, especially, watched the Welcome Video to get familiar with this entire platform and opportunity, PLEASE take the few minutes to do so.
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🚨 Don't Forget Your Homework!
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