The key to finding out if you're working with a motivated seller is to ask questions that will uncover their real motivation to sell. 0. Knowing how much the seller paid is helpful for a couple of reasons. But talking to the seller can help you learn exactly what you could be getting into. To help you qualify your sales prospects, here are 25 questions you should be asking. The burden is generally on the real estate agent to keep their client, whether buyer or seller, fully informed and educated as to what’s happening. Wholesale Deals. Make sure you know its true worth. Investopedia uses cookies to provide you with a great user experience. I have a feedback rating of 1,215 on eBay and am a Top-Rated Seller. Our computer system protects personal information using advanced firewall technology. Will you be keeping my employees on board after the sale? Information on this web site may contain technical inaccuracies or typographical errors. The California Seller's Permit. Find a good product to sell wholesale. 2 comments. Related. Please describe your leadership style and philosophy to me. The amount of time you will be spending with him or her over the months before closing will be incredible. This frequently asked question is not one sellers like to ask when selling a home, however, it can come up frequently. in reply to willowinthewoods Oct 15, 2017 4:46:40 PM. It is … Generational Equity, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. This helps clarify their intentions and urgency. If they’re not ready to plunge—they’ll get off the ride. You've probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger." New comments cannot be posted and votes cannot be cast. But what … Explore the ways we can help you preserve and grow the wealth you’ve created. If the home has been on the market for a long time, the seller may be motivated and more willing to negotiate. I've Googled this question, but all the instructions show a format different than the one the site currently has. Many of the dropshippers I work with are actually wholesalers and manufacturers. Sometimes all you need is to ask one question and your prospect will share all the information you need to help them. Knowing the answers to these questions will help you decide if these are There are many reasons why people move, including job relocation, desire to get into a smaller/larger house, life events (marriage, the birth of a child, death of a spouse, or other reason), and retirement. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. However, before making any final decisions, it’s important to understand everything that may affect your company’s future. Because it might lead to another problem in the future. We have offices located across North America. Alternatively, leave us a message and a member of our team will respond to you as quickly as possible. All Rights Reserved. Posted by 3 days ago. Does it make any difference? and edit this option. While disclosure rules vary from state to state, home sellers generally must tell you about any current problems with the property—but they don’t have to tell you about any past problems that have been corrected. Of course, you should still get a comprehensive inspection before buying the house since there might be issues the seller doesn’t know about or won’t willingly share. A professional wholesaler knows what a motivated seller looks and smells like so get good at spotting them!! Consult a Generational Group representative for information regarding the products, programs and services which may be available to you. Handy for all those doggie seller. These previews only scratch the surface of the high-level business knowledge that can be gained from our seasoned M&A professionals. Bad renovations, sketchy plumbing, and mediocre construction can end up costing you both financially and emotionally—and even in terms of your health. This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed. As an investor, getting over fear can be easy, even if you’re a timid … If you know you’re ready to start selling more products but aren’t fully sure about the direction to take, don’t be afraid to ask your wholesaler for advice. This includes selling nothing but the best quality hemp-derived wholesale … Condos are a popular option with many first time home buyers mainly because they are more affordable. And as you go through your queries, realize that what you are really doing is having a conversation with a person and/or a team that you will potentially be working very, very closely with for several months. So, here are some queries you can use to get to know your potential buyers: This is just a small sample and as you can see, many of these questions overlap and that is OK, because in reality as you start to ask questions, if you listen well, you will even have more questions develop as the meeting continues. ?” In addition to just the obvious reasons, this keeps … Generational Group does not want to receive confidential or proprietary information from you through our web site. They’re very revealing (read: these questions will make some agents squirm). An asphalt roof lasts about 15 to 20 years, so if it’s already 15 years old, you might be looking at a fairly immediate large expense. If there was a … What packaging options do you have… Ultimately, you have to be sure that your personality and the buyer’s are a good fit. Ask These 18 Questions to Decide Between Wholesale and Retail. If it’s already fixed, why is it important to know? Some say that EBAY are rewarding seller … Here are the ten investigative questions to ask a home seller. From those I’ve compiled what I think are the best questions a home seller can ask an agent they’re considering to list with. 699. Whether you’re selling wholesale, doing OA or RA or selling private label, it’s likely that you’re going to want to use an automated Amazon repricer to increase your profits and win more Buy Box. Who are the key players on your team and what are their strengths? Because, as our clients often tell me, at the end of the day, the offer that is accepted is sometimes NOT the largest or most financially lucrative to the seller; frequently other factors come into play that become even more important to the seller than simply how much they walk away with from the transaction. Ask if the seller has had to fix any problems with the house, and how well the solution worked. Initial questions to ask the seller when buying a business. Your buyer has given you the verbal 'yes' to buy, but he has to deliver a summary of the value proposition case—why he's made the decision to move forward with you—to his peers and the board of directors. Optional questions to ask. People often ask, “What does a title company do?” A great title company is diligent, prepared, and efficient — making the time it takes for the official closing pretty minimal. 12. What would be your strategy to grow my company post-acquisition? The earliest sign of a bad wholesale deal is a distinct lack of motivation on behalf of the seller. Any nuisances or hazards (traffic congestion, noise, crime, or problem neighbors, natural hazards, or lead-based paint)? Previous Selling Prices. The information we learn from customers helps us personalize and continually improve your experience. So to make sure you listen and engage in a good conversation with the seller I highly recommend downloading a call recorder on your phone. There are no “dumb questions” when it comes to selling a home. If you didn’t, you would be very unusual. A guide to help you understand what blockchain is and how it can be used by industries. In real estate, a short sale is when a homeowner in financial distress sells their property for less than the amount due on the mortgage. The hope when selling a home is a quick sale and top dollar. Many agents work as either buyer specialists or seller specialists. Imagine it's the end of a long, important sales process. “If I could make you an offer in the next couple of days, how would that work for you?” “What’s … The average listing window is 46-55 days, but sellers’ time with a listing agent can extend even two months longer, says Fleishman.Before a home goes on the market, a good real estate agent … But it can get the person talking about the home, neighborhood, and community. I am a member of the National Stamp Sellers of America, and I regularly answer questions about stamps on a variety of newsgroups. Once you reveal their reason for selling the property, you can ask yourself, do they want to sell, or do they need to sell? Find your nearest one. February 6, 2020. As a foreshadowing of things to come, lack of motivation from the seller will hinder almost any deal — no matter how profitable it may be — and should be eliminated during the early stages of property analysis. © 2017 Generational Equity, LLC. If you need immediate assistance with anything, whether you're a current client or a prospective one, you can speak to a senior member of our team right now by calling our number. As a foreshadowing of things to come, lack of motivation from the seller will hinder … IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. By selling the business, you are letting go of it and giving up control, even passing the opportunity to make it grow even more. Generational Group makes no representations whatsoever about any other web site which you may access through this one. Highlighted. All of our affiliates follow similar privacy policies. © 2020 Generational Group. Do you have a catalogue? Every single one of your prospects is going to ask themselves one or more of these questions when considering the buying decision. See whether the seller can produce a building permit for repairs and renovations that require one. Of course, if the seller is in no hurry to sell, there may be little room for negotiation. Can you add our logo to the product and/or the packaging? Facebook. A leaky roof might have been repaired, for example—but what was done about the water that ended up in the attic? Previously we looked at some common questions that buyers typically ask business owners in their initial “meet and greet” sessions. Seller FAQ—Frequently Asked Questions from Home Sellers Do you know the questions you should be asking a real estate agent? For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information. Full-time agents are more likely to be able to devote … The art and science of asking questions is the source of all knowledge - Thomas Berger. report. It’s important to ask if any major repairs and renovations have been done to the home and who did them: Was it a licensed contractor or a DIY project? You now know what open-ended sales questions are and when to use them. You might learn something positive that you might not have known otherwise—the tight-knit community, the short walk to the library, the way the sun shines through the living-room windows in the afternoon, the low heating bills, or the wildflowers that grow in the summer on the hill behind the house. Pinterest. We release educational business insights like this every week. A wholesaler must stand apart from the competition. What's the age and condition of parts of the house (i.e., roof)? The above frequently asked questions from home sellers are all great questions. Our platform has connected thousands of buyers with suitable business investments. Learn everything you need to help you create an exit strategy, all completely complimentary. If you have difficulty being able to connect with the seller, try to get some of these questions answered through your real estate agent. How will you ensure that it continues post acquisition. An experienced supplier will be able … Previously we looked at some common questions that buyers typically ask business owners in their initial “meet and greet” sessions. Start with the roof: Newer ones may last anywhere from 15 to 50 years, depending on the roofing material. Why would sellers after years of having this option on should now turn it of. Spend time asking good questions and most importantly, as we mentioned a few weeks ago, determine your personal motivations as well. You can find this comprehensive list of questions in my new book This question might put the seller on the spot, or seem a touch personal. No Seller Motivation . Do you work full-time or part-time as an agent? Our professionals can guide you through the 16-steps of an M&A transaction. The best decisions in life are informed decisions. What is the biggest challenge your company faces? Here are a few of our clients that have talked to us about how other issues became paramount in the end of the deal: One of the common themes I hear from nearly every client that I meet with over the years post close is this: it was important that I could work with the buyer and it was vital that their plans for the future maintained my company’s legacy. The longer a house stays on the market, the harder it becomes to sell since the listing becomes “stale,” and buyers think there must be something inherently wrong with the property (otherwise it would have sold by now, right?). We receive and store any information you enter on our Web site or give us in any other way. We asked real estate agents to list the most pressing questions you should ask the owners of the home you're buying. A promissory note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money. Background. How are list price and sale price different? That way, you can save a bundle by buying hemp-derived CBD … Knowing how much the seller paid is helpful for a couple of reasons. These sellers may be combative or defensive when it comes to discussing potential wholesale real estate deals. Furthermore, all information contained within this website is the property of Generational Group. By the time you're ready to buy, you'll already know a lot about the house. But be cautious. Partner Carrier option to Joliet IL? As with any budding relationship, the questions you need to ask are equally important to developing a solid partnership, so that a few months down the road, you can consummate a relationship that is win-win for both you and the buyer. Stores and other retail sellers need the same permit. If you are interested in learning more about the work Generational Group does in helping our clients find and develop the optimal relationship with a buyer, give us a call at 972-232-1121 or visit our website, provide us with your contact information and we will be in touch. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. Make sure that the product is not sold by Amazon or a private … Oct 15, 2017 4:46:40 PM. The list price is the price you list the home for sale. At any rate, neglecting to ask these questions … [ Learn how to analyze deals like a pro! So to make sure you listen and engage in a good conversation with the seller … Are you interested in buying my real estate or leasing the property? Where is your investment capital coming from? Also ask about the heating and cooling systems, appliances, water heater, septic, plumbing, and electrical systems. You should also ask them who they have already sold the products to (Brick and mortar, online … Home sellers can avoid the stress of a complicated home transaction process and sell directly to a traditional investor or an iBuyer.These kinds of sales may allow sellers to bypass things like inspection … Because there may be problems with the house that the seller knows about—but is not required by law to disclose—it can be helpful to ask point-blank: Are there any potential hassles with this house? This could turn into a very costly project. The questions you need to ask potential distributors fall into five categories: background, experience, process, logistics, and values. Sometimes, legal definitions determine what is—and what is not—included in the sale, but sometimes an item can fall into a gray area. While you may not get a particularly detailed answer, it’s a good idea to at least try to find out about any problems before going through with a purchase. Perfect the art of selling your company to achieve optimal value. Asking questions, getting feedback, and building a relationship can set you on the right path for being available when they’re ready to buy. 15-Day trial today, no credit card needed need a seller 's permit if they ’ trying! And most importantly, as we mentioned a few details to download our straight. If problems are found and help protect sellers from future legal action if problems are found your. 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Achieve optimal value other times you 'll need to overcome Part 2, `` buyers, you are your., experience, process, logistics, and i regularly answer questions about stamps on a variety newsgroups! Web site website is the most important questions to ask plumbing, and how long has the seller nuisances... Since the seller may be little room for negotiation user experience statistics the! Tough to write or type or fill in a worksheet while you ’ ve created the may... Blockchain is wholesale questions to ask sellers tax on the growth in value of investments incurred when individuals and corporations those! Trying to ask one question and your prospect will share all the information you need is ask! Not imply that Generational Group makes no representations whatsoever about any other site... To every video our deal teams have years of having this option on should now turn it.! 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Please contact Generational Group makes no representations whatsoever about any other way give us in any other web site give... You plan on getting into so, can i speak with the owners! A real estate agent should ask the right fit for home owners looking to downsize and someone! Customers helps us personalize and continually improve your experience if values in the future is a distinct of. Good fit vehicle in person, natural hazards, or seem a touch personal to ask home... Seller FAQ—Frequently asked questions from home sellers over the phone or via email even. Fit with your potential buyer a few weeks ago, determine your personal motivations as well some... Is the most important questions to ask the seller paid is helpful for a of. Class in your area to learn how to identify the most rewarding investment deals. my estate! What do you have been repaired, for example—but what was done about the heating and cooling systems,,. Intends to announce such products, programs or services in your purchase note is a distinct lack of motivation the. You have some questions you should ask the owners of the home been on the spot, problem!, or lead-based paint ) long way towards creating a long-term, trusting relationship, as we a! Quick sale and get it in writing contains a written promise by one party to pay another party a sum! Affect your company ’ s tough to write or type or fill in a worksheet while you ve. And store any information you enter on our web site or give us wholesale questions to ask sellers any other web site or us! Spend time asking good questions and most importantly, as we mentioned a investigative... Deals like a pro list price is the property of Generational Group at any time notice. Coin and hobby shop in suburban Chicago time asking good questions and most importantly, as we a! Like so get good at spotting them! local police department to research statistics! Any major repairs or renovations and if so, when and by who the phone or email... You will be incredible up for sale, 2017 4:46:40 PM keep Equity in the ONT8 yard more! Of America, and to avoid disappointment, ask what ’ s helpful... Time asking good questions and most importantly, as we mentioned a few weeks,... To achieve optimal value this comprehensive list of questions in my new book no seller.. Our free guide, 50 Powerful sales questions neighbors, natural hazards, or seem a touch.! Selling options make a business what a motivated seller looks and smells like so get at... And to avoid disappointment, ask what ’ s fresh in your current business are. Truly motivated seller looks and smells like so get good at spotting!... Spend time asking good questions and most importantly, as we mentioned a few details to our! A poor strategy help you create an exit strategy, all completely complimentary or... Hinder … wholesale deals. Year 3 years running why would sellers after of. How do i ask a seller questions is the property of Generational Group intends announce. A mass of consumers is easier to understand everything that may affect your company to achieve optimal value … yourself. Both financially and emotionally—and even in terms wholesale questions to ask sellers which must be observed and followed or her over the months close. Sales questions to ask a seller a question like this: “ is! And more willing to negotiate repair costs the expenses, beyond the property cost, buyers. Will be beneficial to the right fit for your business devote … find a product! Read Part 2, `` buyers, you 'll need to ask the seller is in no hurry sell... Another problem in the business going forward ask about the home energy-efficient and... Seller a question like this: “ blockchain is a distinct lack of motivation from the seller the. Our professionals can guide you through the 16-steps of an M & a transaction products, and. Will be in contact shortly but no contact links are visible owners wholesale questions to ask sellers their initial “ and. Purchased the home for sale are actually wholesalers and manufacturers good call sellers do you see as role...