Distressed properties are a very desirable find for property investors, as they often can be purchased well below market value.
Foreclosures and short sales are not the only triggers.
Here are 7 life events that can motivate a seller, to offload their property quickly and often, at a very significant discount:
- Separation/Divorce
- Death of one of the owners or the sole owner or serious illness
- Job relocation
- Financial strain/difficulties
- Deteriorating condition
- Partnership disputes (JV agreements)
- Foreclosures
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