How to Find Motivated Sellers Fast & Free!

5 months ago
12

In this video, you'll discover the top strategies to find motivated sellers fast and for free, which can be a game-changer for real estate investors looking to use seller financing, owner financing, and other creative financing strategies. Whether you're new to real estate or a seasoned pro, finding motivated sellers is the key to unlocking profitable deals. By using these free methods, you'll save money and time while securing the best deals in the market.

1. The Divorce List One of the most overlooked but highly effective sources for finding motivated sellers is the divorce list. Many homeowners going through a divorce will need to sell their property quickly as it typically takes two incomes to pay off a mortgage. You can access the divorce list for free at your local County Clerk's office. This list is a goldmine for investors looking to secure properties via seller finance, subject-to investing, or owner financing.

2. Expired MLS Listings Another fantastic resource is the expired MLS listings. These are properties that were previously listed for sale but didn't sell. The homeowners were motivated enough to list their property, but for one reason or another, it didn't sell. This can make them prime candidates for creative financing strategies such as wraparound mortgages or taking over mortgage payments. You can get the expired listings by contacting a real estate agent or a title company.

3. Pre-Foreclosure and Foreclosure Lists Homeowners facing foreclosure are often highly motivated to sell their property quickly to avoid losing it. You can obtain pre-foreclosure and foreclosure lists from title companies or data brokers, but in many cases, you can also get this information for free by doing a bit of research at your County Clerk’s office. These properties are ideal for strategies like subject-to investing or rent-to-own deals.

4. City Citations Properties that have received city citations for issues like uncut grass or other code violations are often owned by motivated sellers. These homeowners may be behind on payments, facing foreclosure, or simply unable to maintain the property. You can access these lists for free at your local city or county office. These types of properties are perfect candidates for taking over mortgage payments or using seller financing to close the deal.

5. Tax Delinquency Lists Homeowners who are behind on their property taxes are often motivated to sell to avoid further financial hardship. These sellers may be open to creative financing options, making them ideal candidates for strategies like seller financing, owner financing, or assuming a mortgage. You can obtain tax delinquency lists from your local County Clerk's office at no cost.

By tapping into these free resources, you can generate a steady stream of leads without breaking the bank. These methods are particularly useful for those interested in seller financing, owner financing, and other creative strategies like subject-to investing, wraparound mortgages, and rent-to-own deals. The key is to be proactive, consistent, and resourceful in your approach.

If you’re looking to take your real estate investing to the next level, be sure to check out my book at http://www.TheNewFlip.com and www.myrealestatedojo.com. It’s packed with actionable strategies and insights that can help you close more deals and grow your business

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