Home Seller Mindset How To Spot a Good Home Seller

When you are looking to buy a home, you want the best deal. Who doesn’t? When home searching, it’s vital to understand which type of seller you are dealing with. Are you dealing with a Non-Motivated Seller or is this a Motivated Seller?

The Motivated Home Seller Generally sellers are motivated. Many sellers are in this scenario: They owe more on their house than what it is worth, unless they persist to make payments on it for the next six or so years they will continue to lose equity. Interest rates may have been very high when they first bought, unless they’ve got a refi, they want to go get into a property where they aren’t throwing their dollars away anymore.

Quick ways to find a motivated seller

• The longer a home has been on the market, the more desperate they have become.
• These homes are priced low.
• Less offers are made during the winter, so sellers are more motivated during the cold seasons.

The pluses and minuses of a motivated seller. Motivated sellers are generally a great things for buyers. In most cases a motivated seller will pay all of your closing costs for you, and they may even drop the price more. Those are just some things to think about when putting forth your offer. A motivated seller also leaves good things behind. Furniture may entice home shoppers, and you’ll probably keep the fridge as well. One downside of a motivated seller is usually the form of the home.

The Unmotivated Seller

If you come across an unmotivated seller, you may want to move on from this property. Get ready to pay to much, to have deadlines fall behind, or to have negotiating offers rejected. Unmotivated sellers are placing their home on the market with the hopes that some naive buyer will be enticed to their home and pay a price which is far above what the buyer should actually pay.

How you can tell if the seller is unmotivated.
The place is occupied and it is already giving them money.
They have already refused previous offers.
The home has been on the real estate market for more than five months and the price has never come down.
They don’t advertise the home for sale
Priced far above what the market says it should be priced.
You might ask yourself a few times ‘do they really want to sell this home?’

The advantages and disadvantages of unmotivated sellers.

Here there are very few good things. Perhaps the only thing stands out is that it will make you question your desire to own this property, and you may move on and find an even better deal. Unmotivated sellers are not willing to drop prices.

An important places to put these tips to action is DC Houses. If you like this blog, read more at Best Real Estate Blog