Where to now? … - Posted by Mark
Posted by Mark on August 18, 2003 at 13:40:46:
After reading everything on this site for several months now, I finally went ?riding the speed bumps? (Dallas area) on Sunday afternoon. I saw many homes for sale and actually called on one of them ?
1991 Solitaire, 1,000 sq ft. Initial asking price $12,000. (Lot rent $340 ? seems high). I asked the question ?If I could get you all cash, what?s the least you?d accept?? Seller said he?d need to consult wife, then came back with $10,000. I mentioned that I buy and sell homes and would need to be able to buy wholesale. Seller asked what I would be prepared to pay. I did not name a figure, but left a business card.
MH had some water leak damage around door (i.e. floor section needs to be replaced), but I did not actually inspect home. It looked nice from the outside ? nicely sided, skirt in good shape, neat and tidy lot, etc.
This seems a bit too high for a ?Lonnie deal?, so is this one worth pursuing at all or completely outside the range? Comparing to some of the others, $12,000 appears to be within a reasonable price range for home/park/area.
Seller was very polite but did not appear overly motivated (yet!). Said they were buying a condo in 2-3 weeks (so motivation will probably change ? soon). Said they had only started advertising MH a week ago and mentioned about ?putting it up on the web?. Also said that park manager might sell home for them, but she was currently too busy.
When I was asking the questions, I did notice that a lot of the words just rolled off my tongue (after continually monitoring this site!).
I noted the details of all the others (about 20 in all), so will call on these too.
So ? what do you think I should do next? How can I elicit another price from seller? He said $10,000,which was only a $2,000 price drop, so what kind of a ?come back? should I use? Call him or wait for him to call me? etc.