Re: halfway there - Posted by Blane (MI)
Posted by Blane (MI) on May 09, 2000 at 11:10:39:
Congratulations on your first purchase. Now let’s get that sucker sold. Did you say before you’re in Detroit? If so please contact me, as am there too. Am putting the paperwork together on a MH that’s closing Thursday, so I could probably help you on that end too.
If you are in Detroit, what park are you in? Have you checked for similar homes in the park, and the sale prices on those? Are you ok with the PM? Your sales tax is 6%+$45, or about $140 in case you didn’t know. You’ll have to pay it when you go to the Secretary of State’s office to have title transferred to you. You should get the title back from the state in about a week.
As far as ads, I can’t speak with authority 'cause I haven’t had much luck, but things are starting to pick up. One thing I did was at the top of my ad have “0 BANKS” in large letters for two reasons: to alert people about not having to use banks, and the zero got my ad at or near the top of all the ads in the MH section. Or use “WILL FINANCE” at the top like Lonnie says. The rest of my 0 BANKS ad was something like this: "14x70, 2 bedroom, all appliances, central air, move-in condition. Flexible terms. Call M&K XXX-XXXX.
As I said, advertising hasn’t been my strong suit. Put an ad in the Sunday Free Press and got 1 call. Try ads in the little flyers you see in stores. Try the Observer & Eccentric if it’s in your area. Maybe Tradin’ Times (haven’t tried that yet). A PM recently suggested I market the total monthly payment, especially if it’s a number less than what people in the area are renting for. If you want a copy of a flyer, I got one from a guy in Royal Oak I can pass on to you. It’s got the little phone numbers set up at the bottom that people can just tear off. I borrowed an idea from chris_wa for a flyer to give to neighbors of the home; can send that to you too.
As far as other issues to be aware of, just be sure to work on that park manager relationship. Make sure they’re clued in to what’s going on. Once they’re on board with you they can be a valuable asset. I’m sorta rambling now but just trying to cover all bases. You guys by chance live in Troy? Just found a biz card of mine in my wallet with a name and number from the convention. If that’s you, I’m the guy you and your wife met as I was walking out the door to drive back to Detroit. This business can and will get you very excited!
Again, feel free to call me, or maybe I can get in touch with you too. Would love to help someone the way I’ve been helped by others at this site. Good luck and keep us posted.