Unlocking Property Deals: How to Approach Distressed Sellers? #paynelessflipping #virtualwholesaling

Name: Unlocking Property Deals: How to Approach Distressed Sellers? #paynelessflipping #virtualwholesaling
Uploaded: 2024-11-09T15:00:14+00:00
Duration: 36 s
Channel: Nathan Payne
Description: In this segment, Nathan Payne outlines a key first step for real‑estate investors and virtual wholesalers when contacting distressed property owners. He…

9 Nov 2024 · 1 min

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In this segment, Nathan Payne outlines a key first step for real‑estate investors and virtual wholesalers when contacting distressed property owners. He recommends opening the conversation by asking the owner if they have considered listing the property, rather than immediately presenting a low cash offer. Payne explains that cash offers from investors are typically lower than market listings, and if a seller is already thinking about listing, a lowball offer may cause them to reject the investor outright. By confirming the seller’s intent first, the investor can tailor the discussion and avoid premature low offers that could push the seller toward a traditional listing.

Chapters

That's the first thing you want to do. You're going to say like, hey, you know, obviously, you know, unfortunate, unfortunate time that you're going through. I'm here to help. I have a lot of different options I can work with you. I'm just curious, like, have you considered listing the property? Right? Because if they're like thinking about listing it and then you come at them with a lowball offer of like $300,000, $350,000, they're most likely going to be like, ah, let me just list it. Right? So I'd rather find out before we start talking numbers, low, low offers, because everybody knows cash offers are going to be low, right? Investor offers are going to be lower. So I want to know if that's something they're thinking about, right?