Re: Ad to buy used MH - Posted by Karl (Oh)
Posted by Karl (Oh) on February 10, 2002 at 23:08:41:
Based on what you wrote, here?s what I would do. You?ve just found a park manager who is open to Lonnie Deals. Start working that park. Go talk to the PM, perhaps tell them you might be interested in that other guy?s home if the price gets better, but are there any other homes in the park for sale? Find out how many deals this guy does, he might just have this one home. I mention that because I?ll bet you?re wondering if this guy actively works this park, and would be competition. Just because the home has been for sale for a month doesn?t mean his terms are bad. Things were slow at Christmas time, as always, they?re just starting to pick up right now with all the tax refunds. I?ve had a home for sale since last Fall, suddenly I have three different people who want to buy it.
As far as your ad, you?re saying sellers are reluctant to sell to you because they know you?re going to resell the home? What the heck do they care? That?s a new one. If they were motivated sellers, they wouldn?t care if you were planning on burning it down. Keep looking. Nothing wrong with being honest, but there?s no need to explain your business plan to sellers, especially over the phone, most of them won?t care or even understand what you?re trying to do. Just find out about the home, the park, and their motivation level. If you?re just starting out, you might as well go look at every home for sale at whatever price, it will help you learn your market, and you can practice talking to sellers.
When I first started, I ran the “I buy sell and finance used mobile homes” classic ad right out of Deals on Wheels. I got more calls from sellers than buyers, but they both called, and I just started matching them up. I’d suggest expanding your ad to get some buyers calling you, it will also be good practice. Who knows, you might find a buyer for that guy’s Liberty, and earn a referral fee, $500 is a nice round number.
You?ve probably answered this already, but where are you in Ohio?