Posted by Donna in AZ on May 09, 2007 at 16:14:53:
Thanks, Tony and Tim, for such valuable feedback.
I had questioned the Park Sales Person about the ease of selling this home for all cash, and he said that most of the sales there are all cash and it would be no problem - but in retrospect I know that’s more of an exception than the rule. I need to plan on carrying the financing.
I will call the Park Sales Person tomorrow to determine whether it’s a deal I even want to pursue. I’ll find out what he and the handyman are looking for from the deal, with the idea that it will be my deal, not a 3-way split (find out what the handyman will charge for his work and the supplies, and what the salesperson is expecting to get for finding me the deal and working with the park on lot rent).
I’ll then total up the costs of doing the deal, compare it to the profit and how long I will have to carry the financing, and decide if it’s worthwhile. If it does seem worthwhile, I will probably post my estimates to see if there is anything I’ve overlooked.
I definitely have alot to learn!
Thanks again -
Donna in AZ