There are many reasons a homeowner might become a motivated seller, including financial situation, inheritance or life change. These types of sellers are highly coveted because of their unique situation and often come from a wide variety of property types. Here are some of the most common properties by motivated sellers.
A distressed property is one that has been foreclosed upon or one that is at immediate risk of foreclosure. Typically, these properties become bank or lender-owned because the owner failed to make their mortgage payments. Sometimes, the owner has received notice of foreclosure and has a tiny window of opportunity to sell.
Property damaged by storms or other natural disasters is common among motivated sellers. Often, insurance policies do not cover significant property damage caused by hurricanes or other unexpected climatic events. Depending on the area, they may have supplemental coverage for specific events but still want or need to move in the aftermath. These properties can be substantial investments for those willing to do or pay for the extra repair work they require.
Inheriting property is an enormous transfer of wealth that many owners simply don’t need. Many owners of inherited property have no use for it because of lifestyle, family or geographical limitations. Sometimes they become motivated sellers to avoid paying hefty taxes on the inherited property. It’s common to find vacation homes, farmland or commercial properties for sale by owner for this reason, though other property types exist.
When investors quit or retire from investing, they frequently become motivated sellers to offload their assets. Whether the investor simply wants to retire or needs to change venue, they often sell their plethora of properties at quick and inexpensive intervals. You can find many property types this way, depending on the type of investor. Commercial properties, rental properties, vacation properties and more are common.
The property for sale by motivated sellers can vary wildly. However, these properties usually stick to one of these major categories. Depending on the source you use for your leads, you can find excellent deals in many areas of real estate.
“I sell your home like it's mine”
A licensed real estate salesperson since 2016, Rob is affiliated with the Briarcliff Manor office of Corcoran Legends Realty. He serves buyers, sellers, renters, in Westchester, Rockland, and Putnam counties. Rob, a native of New York and Westchester County for most of his life, brings an extensive local knowledge of both residential and commercial properties to the table. His experience includes a wide range of property types – single-family, multi-family, condos and mixed use. “Hard to sell” properties is where Rob really excels. “There’s no problem that cannot be solved.”
Rob is certified for many different disciplines in real estate. Cartus Relocation Network Agent, AARP Agent, National Tenants Network (NTN) Agent, Green certified and Pricing Strategies Master. In addition, Rob has completed the Leader’s Edge Advanced training to better serve his clients. Rob has been both associate of the month and top closed dollar agent.
When you work with Rob, you get the feeling you’re his only client. Numbers don’t count, you do. Clients always come first. Each transaction is handled as if it were his own home. Rob strives to make the process as seamless as possible and takes care of all the details, no matter how small. His clients rave about his above-and-beyond service and prompt informative communication. Rob is easy going, friendly, and patient. However he can be a determined and aggressive negotiator when the need arises.
When not out actively working on behalf of his clients, Rob spends time with his wife and two teenage daughters. A devoted supporter of community he sits on several local boards and volunteers for numerous locale nonprofit organizations. He enjoys cycling, hiking, kayaking and winter skiing.
“May your price be right, and your sale be swift!”