Bank Foreclosure Listings and Motivated Sellers

It’s important to develop a marketing plan to find motivated sellers. Watch for public notices that announce foreclosure sales. Sellers who have received notice that they are very motivated.

Contact the people listed in these notices or, and express your interest in buying their property. To increase your buying opportunities, make sure you come up with an offer that benefits the seller. Remember that he or she is facing a difficult financial predicament.

Offer creative solutions to the seller. Motivated sellers are often willing accept something other than a conventional, all cash offer. Consider offering to take over the mortgage payments. Attempt to reach a mutually beneficial decision that will lead to a smooth transition.