Posted by Bill K. (AZ) on September 09, 1999 at 24:44:06:
…here are a few suggestions. Search out:
- Sellers in divorce
- Sellers in default (preforeclosure)
- Trustee sales (foreclosure auction)
- Bank-owned properties (REO)
- Job transfers
- For Sale By Owners (FSBO)
- Tired landlords
- Vacant homes
- Estate sales (death of owner)
- Etc., etc.
There’s more than one way to find a deal.
You’re looking for motivated sellers, and you’re right! With the number of buyers in the market today, HUD ain’t too motivated. But, don’t rule them out. You’ll find a gem every now and then. You just need to have other sources working for you as well.
I hope this helps.
Bill K. (AZ)