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Updated over 8 years ago on . Most recent reply

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Daniel Holloway
  • Greenville, Sc
0
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5
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Why do sellers agree to steep discounts?

Daniel Holloway
  • Greenville, Sc
Posted

Ok, so I am excited to start wholesaling and my wife is on board and supportive, but she's having a hard time understanding why sellers would agree to such steep discounts.  For example, if a house is worth 100K fixed up, and say 80K as is, why would a seller agree to sell to a wholesaler for 50K rather than list it for 80K?  Aside from the benefit of closing quickly, no inspections and repairs, and no realtor commissions, are there any other reasons that sellers agree to discount their properties.  I get that they are in a distressed time of life, just having a hard time overcoming my wife's objections when she plays devil's advocate.  Put yourselves in the sellers shoes and help me (us) to justify selling to a wholesaler.  Thanks!!

Most Popular Reply

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488
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Paul Amegatcher
  • Rental Property Investor
  • Brookville, OH
363
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488
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Paul Amegatcher
  • Rental Property Investor
  • Brookville, OH
Replied

There are different reasons for sellers motivation to sell at discount. Here is a list of reasons that I have come across:

1. Needs repairs which they can't afford.

2. They are in financial crisis.

3.  Bad tenants have killed they will and passion for real estate. 

4. Inherited the home.  

5. They are out of state.

6.  They are retiring.

7.  They are moving.

8. They have abandoned the property.

9. They don't want to deal with real estate agents.

10. You offered to buy their house.

  • Paul Amegatcher
  • Loading replies...