Archive for March, 2006

The Motivated Home Seller

If you’ve been following this blog you know I keep talking about the ‘Motivated Homeseller’. And, by definition it is someone who needs to sell rather than someone who just wants to sell. How do you determine who really is motivated?

By asking questions.

I assume you have your list now. If not, stop reading and go get your list together! Without someone to call, you don’t need to know what to say!

A conversation might go something like this:

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By now, you should have placed several ads and talked to at least a couple of people who might be able to refer you to a desperately motivated home seller.

While you’re waiting for some response from that direction you need to take a more active role in the search yourself. And you can use the same technique used by the gurus that fly into an area and place real estate under contract over a weekend.

The secret technique that they use and which they reveal in their boot camps is nothing more than picking up the phone. The real secret to this is that many (most?) investors are afraid of the telephone and the ones that use it are the ones pulling down big incomes. Even some investors who place ads and have people respond to them are reluctant to return the call.

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Another “No Qualifying” Course

More and more investors are beginning to share their knowledge at a price that is really unthinkable to most of the gurus who seem more bent on making oodles of cash from their seminars and courses than on helping new investors make a success of the business.

Another couple I just discovered that are willing to share some real wisdom and not just hype are Jennifer & Kevin Glass. Like most beginners, they read and applied the teachings of some of the major "Gurus". Gurus such as:

Charlie France
Ron Legrand
John Locke
Carleton Sheets
Chuck Smith
William Bronchick
Joe Crump
Peter Conti & David Finkel
and even MORE!

Did it work? Yes! After spending thousands of dollars on a ton of courses and going to a couple of ‘boot camps’, they started buying houses.

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Buying Your Home “Subject-To”

Strange as it may seem to you, there are homeowners who will actually give you their home for nothing if you will just take over their mortgage.

Why on earth would they do this? Well, there are various reasons.

Some may be behind in payments.? If so, you will have to catch these up with the bank. If you’re short of cash and they’re behind more than a couple of months you can always pass the deal up and look for another home.

Keep in mind that it is you who are in the drivers’ seat. You are deciding whether or not you really want to go through with a deal. Isn’t it great? No banker telling you “No.” You’re the one doing the telling!

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