December 16, 2024 - 00:12
In the competitive world of real estate investing, identifying motivated sellers can significantly enhance your chances of securing a great deal. A seasoned investor recently shared insights on how to navigate the market effectively. One key takeaway is the importance of time on the market; "The longer something sits on the MLS, the lower the offer you can make." This principle suggests that properties lingering without offers may indicate a seller's eagerness to sell, potentially leading to a more favorable negotiation.
Investors are encouraged to monitor properties that have been listed for an extended period, as these sellers may be more willing to entertain lower offers. Additionally, understanding the local market dynamics and trends can provide valuable context for making informed decisions. By honing in on properties that have not attracted interest, investors can position themselves to capitalize on opportunities that others may overlook. This strategy not only enhances the likelihood of securing properties below market value but also fosters stronger negotiation leverage.
