Why would a homeowner take over 40%+ loss

[Account Closed]

Good morning,

I have been reading about wholesaling and motivated sellers. My question is... Why would someone be happy to sell their house 40%+ below market value to a wholesaler just to close quick? They could sell it on the market for much more and even with closing costs come away a winner.

Thank you,

Erik

[Jay Hinrichs]

the reasons are endless. they may not know the true value... House generally needs a lot of repairs that they don't have the dough for .... Area has turned for the worse and they want out.

Many times those that inherit just want quick cash... And depending on which market your in houses may be very difficult to sell on the open market. And the only way to sell them is to put them through a Highly financed marketing program and offer them out of state to investors that really don't know the areas