my first deal & determining value - Posted by Jerri
Posted by Jerri on July 16, 2002 at 14:04:14:
This will be my first deal and I want to run what I know buy some professionals. Can someone just give me their opinion?
I have a seller who was asking $7K for his MH. I told him to contact me if he would ever consider $3K-$4k. He said he has 2 potential buyers, but cash talks and would take $4k, but of course I will try to get him to take less.
I do not have a blue book for mobile homes, so determining value is gonna be a bit rough. He says it is a Atlantic Homes-Woodlake. Singlewide 14x66. 3 bdrms/2 baths. I have not seen the home yet, but will tomorrow. I will be purchasing with cash and then turn around carrying paper - hopefully selling to one of the 2 people that are currently looking at it.
The home - according to seller - has been completely remodeled: new floor, doors, tile, walls, countertop, cabinets, painted ceilings and walls, new carpet, new shower liner. Comes with new Frig, Washer, Dryer, and also includes ceiling fans, stove, microwave, heat and AC.
This sounds like a good deal to me without knowing blue book - assuming it looks as good as it sounds.
Any advice? Does anyone know the blue-book value?