If you want to stay for a long period of time in the real estate industry then there are a few skills that you need to develop. As you gain experience, it becomes easier for you to spot the right opportunity, but until then you need to depend on theoretical steps and try your best to implement. Many beginners do not know the right way to find motivated sellers.
Well, a motivated seller is the one who wants to sell the property at a very low price and also at flexible terms. Now finding an accurate list of such sellers should be a treasure hunt for you. In order to do so, you can approach the county directly and get a list of delinquent properties. The information in the list has lots of potentials.
The data in the list is fresh, it means that the news is yet to be spread all over the market. You can send a mail to these sellers and the possibility is high to get a response from more than one. Sometimes, working with these counties is not that easy. It is a time-consuming process, but it is also often rewarding.
The next thing that you can do is to find a data provider. Not just any of the data provider, but the one who offers fresh leads at every week. Some of the data providing companies are expensive and some of them are reasonable, so approach the one that fits into your budget.
You can also get a list of properties out to sell due to a divorce settlement. Such properties can be bought at lower prices. You can cultivate a good relationship with a divorce attorney to get new information.
You should also attend real estate events across the city. You can learn from the experienced professionals of the industry and these events are the best place to make new connections. After a while, you will be able to develop your own methods and strategies to find motivated sellers in your area. All you need to do is to be active in the market, sooner or later you will be able to seal a perfect deal.