A motivated seller is a homeowner who is eager to sell their home and willing to accept almost any reasonable offer. Real estate agents may use this term to increase interest in a property that has been on the market for a while. Motivated sellers can help boost the local economy and may be multi-property owners looking to cut costs.
In real estate, the term motivated seller refers to a homeowner who is eager to sell their home. This implies that the owner of the house is willing to accept almost any reasonable offer to buy the house. A motivated seller may have been trying to sell the home for a long period of time, may be moving out of the area soon, or simply need to sell off the home’s equity for quick cash.
Real estate agents often claim that a property has a motivated seller to increase interest in a home that has been on the real estate market for a while. This is a common tactic used to encourage buyers who are in a lower-middle income bracket, or those looking for a home that can be invested for profit. A motivated seller often has a home that is worth more than the asking price, so this can be attractive to serious real estate buyers and investors.
Sellers may be motivated if they own a home that doesn’t get a lot of attention due to a number of factors. Home sales can suffer in undesirable neighborhoods or if the economy is sluggish. The house may be old and in need of repairs and updates. Often a motivated seller will accept lower offers if they must move out of the area for a new job opportunity or to retire to a more desirable location.
Home sales and the local economy can be helped by motivated sellers in most cases. A large number of homes for sale, but few buyers, can lead to a poor overall economy in an area. When home sales increase, it signals a resurgence in a community, encouraging investors to start businesses, create jobs, and add value to a region.
In some cases, a motivated seller may be a multi-property owner looking to cut costs. This could be a senior who has been a landlord for many years, homeowners struggling with taxes and property maintenance, or someone who has inherited a home in an undesirable area. Real estate agents usually help drive sales with motivated sellers, trying to get the best deals on these properties so that both they and the sellers get a good rate of return on sales.
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