Q and A RE: North Carolina Log Home Deal - Posted by Ben (OH)
Posted by Ben (OH) on June 28, 2007 at 08:54:01:
This is a potential investment opportunity for a log home package and/or a joint venture to build a log home in western NC.
An opportunity has come my way to buy a bargain log home package. Here is the story-
The orignal buyer in 2001 deposited $48,000 in cash towards the purchase of a log home package.(The log home kit is from Amerlink, a manufacturer from NC.) The buyer fell on hard times and never accepted delivery. I have negotiated with the buyer to take his position on the deal. We have agreed on a buyout of his contract. So far so good.
The manufacturer (Amerlink)has the order in the computer and has not cut any product. In my discussion with the rep they will allow me to take the buyers position. Of course, the exact home is now about 35% more expensive but they will allow me to use the funds on any product. I am in the process of negotiating the best deal.
One question I have is about the refundablity of the deposit. Of course the contract spells out no refunds. However, in this case the manufacturer has only prepared paperwork and has not incurred any signifcant costs. Does anyone know if the manufacturer could be forced to provide a refund, less costs?
Any ideas? Thanks.