Re: possible deal advice - Posted by Indiana Bob
Posted by Indiana Bob on March 06, 2002 at 08:27:35:
I had been looking off-and-on at a 1971 2BR home in one of my parks. Owner was asking $5000, but had recently come down to $4000. I was letting her keep bringing the price down, and wasn’t sure whether or not I really wanted the home.
Last weekend, park manager told me that another couple offered them $2000 cash, and they went for it. Honestly, I hadn’t expected them to go for that low of a price, because I didn’t recognize just how motivated they were.
Needless to say, if you have a price in mind that you would be willing to pay for the home, go ahead and throw it out there. Their jaw may drop, they may laugh at you and call you names, but after several more months of paying lot rent and not finding many prospective buyers, they may start to think that you knew something they didn’t!