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Article
> Lease Options and Sellers – How to Find Sellers
Willing to Accept Your Option Offer – Part 2 |
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This article is part 2 in Marks series on Finding
Motivated Sellers. You can read part 1 HERE
In
the previous article we discussed how emotion is
the great motivator when it comes to finding the
right sellers who will work with your lease option
solution. Finding motivated sellers is crucial if
you want to succeed with property options, so you
need to develop this key skill.
In
this article we will discover and discuss another
two situations which strongly motivate sellers and
often lead to you agreeing a lease option solution.
Seller
Situation Number Three
Letting
blues and lease options – relief for tired
landlords
It’s so easy to get burnt in property, especially
if it’s not your profession. There are masses
of motivated landlords trapped and waiting for dawn
in the UK (remember the moth analogy?). Many of
these have inherited a property and are trying to
manage it part-time, on top of a full time job,
which is actually very difficult. Helping other
investors free themselves of property they now view
as a burden can be a great pleasure. What makes
that true? Here are some factors to consider:
-
Investors
want to let their property out
-
They often don’t have equity, so are not
banking on a lump sum to move on.
-
A 60 month lease with a rental guarantee appeals
to many landlords, especially tired ones
-
Knowing that the property will be fully maintained
and insured gives peace of mind
-
The prospect of a future sale within the term
of the option agreement means they can offset
certain allowances against their liability
Seller
Situation Number Four
Lease
options and relocation – giving freedom the
seller wouldn’t otherwise have
There
are many reasons why people need to move on. Learning
to contact people who find themselves in similar
situations is key to making your lease options business
a success. Here are some of the most common motivating
situations to look out for:
-
New
job
-
Emigration
-
Retirement
-
Health issues
-
Family needs a bigger home
-
Cost of maintaining the current home becomes too
high
-
New relationships means one home becomes surplus
to requirements
Given
a deadline, any one of these reasons can become
pressing, so much so that the need to move on becomes
a burning desire. Lease options can work brilliantly
here!
Kirsty
finds freedom through a lease option – real
case study
Kirsty
owns a beautiful two bed semi with a conservatory
and well kept gardens in a busy town in the North
East of England. Although she had moved into a Park
Home in the countryside forty miles away, she was
unable to settle and enjoy life with her partner
Lloyd. They were paying £490 for the mortgage
on the empty house, not to mention insurance and
council tax, and they were getting worried with
thoughts about vandals and burglars sucking the
joy out of life.
A
long term option to buy at a price below the current
market value was agreed and Kirsty and Lloyd are
free to move on with their lives, they have peace
of mind and no stress.
Summary
Once
you appreciate the situations which create powerful
emotion that motivates, you are able to target your
marketing and find or attract the right sellers
easily.
In
these two articles on motivated sellers we have
taken a look at how the situation and problem can
be solved with a lease option. We have looked at
the four main situations which motivate:
-
Financial
difficulties (use caution)
-
Changes in relationships (these can be positive
also)
-
Tired landlords (many of them accidental)
-
Relocation (for many different reasons)
The
real secret and skill, of course is to actually
find people who feel trapped by these circumstances.
How can you find them and help by working with them?
Our home-study course and other acclaimed educational
material has assisted many investors do just that,
and they are enjoying huge success with lease options.
If we can help you have similar success with lease
options, we will be delighted.
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About
the Author
Mark
Jackson
Mark is a prolific lease option expert and
property investor, educator and author. Having
enjoyed outstanding success in the UK using
property lease options he founded Lease Options
Made Simple with Wendy Patton, the leading
US lease option property expert.
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You
Want to Invest in Property but Can’t Get
a Mortgage?
Have
they said No to your mortgage application? How did
that make you feel? You could have been earning
£293 a month from that house they said you
couldn’t buy? Are you starting to feel that
your dream to make money from property is beyond
your reach?
The
annoying thing is that many are saying now is the
time to buy… But how? It could be very frustrating.
You
CAN do it!
How?
Learn lease options. Property lease options allow
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Imagine
saying goodbye to many mortgage applications, expensive
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without having to ask for permission!
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