Should A Motivated Seller Affect Your Offer On A House?
When you are searching for the right house to buy and find one that you love, it can often be considered good news to hear that the seller of this house is motivated. If you find this out, it can help you get a better deal on a house. Here are a few things to keep in mind as you proceed to make an offer to buy this house:
What it means for a seller to be motivated
A seller that is motivated is a homeowner that is in a position in which he or she really wants to sell their house. You can often find out if a seller is motivated by reading the house listing, as some real estate agents will include this detail in the listing. You can also find this out through your real estate agent. If your agent talks to the listing agent of the house, the listing agent might reveal that this seller is extremely motivated. When you find a house with a motivated seller, it could help you get a better deal on the house.
The reasons sellers might be motivated
When it comes to a homeowner feeling motivated to sell, there is usually a reason for it. There are times when sellers are building homes that will soon be completed, and the sellers will need to sell their current residence before they can move to their new homes. There are also times when sellers are experiencing great financial difficulties and need to sell for financial reasons. People going through divorces or losses in their families may also be in a position in which they are motivated to get rid of their homes quickly.
How this motivation should affect your offer
If you are interested in a house with a motivated seller, you should start by talking to your real estate agent. Your agent might be able to find out just how motivated the seller is, and this could help you know how much to offer. While it is usually not a good idea to give a low-ball offer, you might be able to offer an amount that is significantly less than the asking price; if the seller is really motivated, they might accept it.
If you are interested in buying a single-family home or making an offer on a house, you should make sure you have a real estate agent assisting you with this process.