How to find out quickly if seller is motivated?

[Mariah Jeffery]

A few times a month, I get tips that are usually something like "So and so is really sick of being a landlord, and wants to sell his properties ASAP." I got one such tip last night. Potential sellers own a duplex and a triplex, purchased in 2005 for more about what they're worth now and certainly a whole lot more than what I would pay for them.

Typically in situations like this, I call and say something like "I heard you may be interested in selling your property. I'll be very straight with you, so I don't waste anyone's time. As an investor, I am a bargain hunter and never pay more than the tax assessed value [in my area, this is designed to be 20% below market value]. However, depending on several factors including the condition and rents, I often offer significantly below the tax assessed value. On the plus side, I can close quickly and take care of any deferred maintenance for you, so you don't have to worry about prepping your property to go on the market."

Is there a more effective way to approach these potential sellers, without wasting a lot of time before they tell me they want full retail price?