Re: '71 12 x 60 - Posted by Lonnie
Posted by Lonnie on October 30, 1998 at 13:27:46:
I tried posting this before but guess it went into orbit.
If the home is in livable condition, in a decent park and can stay on the lot, you should be able to make a good deal for $1,000. Everything will sell at the right price and/or terms, so it?s just a matter of finding the right person for the home. I often violate my own guidelines if my gut feeling tells me it?s a good deal.
For instance, that little 12 x 55 home that you went into on the seminar park tour was sold this week for $3,830 CASH. I had $1,500 in the home and had it priced at $4,500. The buyer asked about a cash price, so I scribbled and punched numbers and finally said, "if you can do the deal now and pay the November lot rent, I?ll discount the price $670 (that?s a POA figure…plucked outa the air.) He never asked the age or name of the home until he had agreed to buy.
The buyer was a disabled single man on a very limited income and was mostly concerned about being able to live on his disability check. By using part of his savings and paying cash for the home, he could afford the lot rent and monthly expenses with no problem.
I must have gotten 50 calls from people that didn?t want the home, but I only needed one that wanted it. By matching the right home with the right buyer, I made a good deal for both of us. I heard a friend say, “There?s a seat to fit every butt.” You just have to match em? up.
Best wishes and good luck,