Buying Property From A Distressed Seller
Buying property from a distressed seller is a deal that can benefit both parties. We get a good deal, and they get out of a pickle. However, when we buy houses, Kansas City property owners aren’t always highly motivated to sell.
If you are an investor who has encountered this issue, you may wonder why a seller who would benefit from selling might hold back. We also want to impress on property owners that there are solutions to their problems.
Buying Property From A Distressed Seller
Distressed sellers are often suffering from overload. They may be regularly receiving a high influx of marketing mail, and junk offers about their property.
They may feel uncomfortable entertaining legitimate offers. Some don’t know who to trust. Another factor that can paralyze sellers is the hope they may get a better offer, not realizing their options diminish with time.
You may encounter sellers that feel ignoring the situation is the best way to cope. They can be in a state of desperation where they think their condition is so terrible they cease to care. Last, some sellers believe bankruptcy is the only solution. They do not know other options are available.
As investors, we know being proactive, and having a sound plan is the best way to keep their situation from getting worse. However, owners reach a point where they can no longer see how that is possible. It is essential to develop an understanding of and appreciation for the challenges these homeowners face. Doing so will allow you to deal with them in a way that promotes their receptiveness to your offer.
Be Proactive
If you are an owner in a distressed situation, there is one thing you must remember; you are not a victim. There are things you can do to preserve your dignity and cut your losses. Your situation will get worse if you do nothing.
By dealing with the issues at hand, you can get out of your situation sooner and possibly with less stress. Best of all, you can move forward and get a fresh start right away. Selling will be far more forgiving in your immediate future than foreclosure or negative impacts on your credit and reputation. Keep in mind, the deeper into the mire you go, the fewer options you will have, and the less attractive those options will be. So act now!
You Can Start with These Few Steps:
1) Be clear on what your situation is
and the options you have available.
2) Find help from resources you can trust.
3) Be proactive so you can capture the most attractive and beneficial
solutions.
4) Follow through with a course of action.
If you seek out a real estate investor who can give you a quick cash sale, you might be surprised at the options available to you. It may be possible for you to save your home and stay in it. You might be able to sell and have money to move. At the very least, you will be able to rid yourself of the debt owed to your lender and walk away with a fresh start.
Ask for FREE information about How to Sell Your House Fast.
Terra Firma Property Solutions, LLC, is a professional, full-service real estate solutions firm.
We buy and sell properties throughout the greater Kansas City area. We specialize in buying distressed homes, then renovating and reselling them to home buyers and landlords. Terra Firma Property Solutions: excited to be part of the economic rejuvenation of Kansas City and its surrounding areas.
Call us today at (816) 866.0566
