Are the houses meant for investments?
Most sellers are emotionally attached to their houses. Many think they are worth far more because they added some special wallpapers or some other nonsense.
You won't be able to show them the truth. Only time will and if/when they get to the point where their reason for selling is more painful than the reducing the price of their house.
There are also times when these sellers overextend themselves on the loans. They may be trying to break even at that price. At this point there really is no way to negotiate a better price because their hands are tied.
If you are looking at investments, you have to go through a lot of marketing and talk to a lot of sellers to get to the good deals. If there is equity, in the property, you need to find out the motivations behind the sellers.
Unfortunately, this cannot be done through a agent. If these houses are sold through agents, the only thing you can do is shoot them offers. They can either be cash offers or, if the numbers work, a offer where the seller finances part of the purchase for a higher selling price. This is more of a shotgun approach. I tend to think this type of approach is better for properties that can built upon to increase value. Stuff like rehabs, acreage that can be split, houses that can be turned into multi-units, etc...
Most sellers are emotionally attached to their houses. Many think they are worth far more because they added some special wallpapers or some other nonsense.
You won't be able to show them the truth. Only time will and if/when they get to the point where their reason for selling is more painful than the reducing the price of their house.
There are also times when these sellers overextend themselves on the loans. They may be trying to break even at that price. At this point there really is no way to negotiate a better price because their hands are tied.
If you are looking at investments, you have to go through a lot of marketing and talk to a lot of sellers to get to the good deals. If there is equity, in the property, you need to find out the motivations behind the sellers.
Unfortunately, this cannot be done through a agent. If these houses are sold through agents, the only thing you can do is shoot them offers. They can either be cash offers or, if the numbers work, a offer where the seller finances part of the purchase for a higher selling price. This is more of a shotgun approach. I tend to think this type of approach is better for properties that can built upon to increase value. Stuff like rehabs, acreage that can be split, houses that can be turned into multi-units, etc...