What does the term "Motivated Seller" mean?
If you're house hunting you might have run across the phrase "Motivated Seller" in the property description. So, how motivated? Well, you just don't know. It can have a lot of different meanings but the most important is to get your attention. And it probably did.
What it can mean are several different scenarios, most likely:
- seller moving scenario - job loss
- job relocation
- family event - baby
- owns other properties or cannot afford any more
- unfortunate circumstances - death
If you're interested in a property that the seller is motivated, it's best to inquire about the motivation than to assume. Because the seller's motivation might not be motivating for you at all! If a property is still priced too high then the seller probably really isn't motivated at all, so don't waste your time with a low ball offer.