The Essential Search for a Desperate Seller

With fewer homes on the market, it is still a seller’s paradise. They can choose from a variety of offers until they find the best one. This might lead one to believe that the seller still has the advantage. However, there does seem to be a few sellers out there who are desperate to sell their property as fast as they can.

When buyers come across this type of seller, the advantage suddenly shifts in their favor. Of course knowing how to find or spot this type of seller isn’t always easy.  Look for terms like, “priced to sell,” “quick close,” or “seller relocating,” to provide you with some clues as to the buyer’s state of mind.

If you are looking to find a good deal or a desperate seller, start by searching for properties that have been on the market for a long time. The longer the property has been listed, the better chance you have of buying it for a good price. A excellent indicator of this is a property that has been on the market for at least 100 days. This will most likely indicate that the seller has listed the property for too high a price, and may now be looking to make a deal just to get rid of it.

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