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Updated over 15 years ago,
1st possible deal!!
So I called on several mobile homes for sale and I've visited about 25-30 parks here in Utah and there is hardly anything for sale (0-4 homes per park)!
But I talked to a lady a few days ago about her 1975 single wide she had for sale. She was asking $7800, I stopped her right there and explained that I buy and sell homes and that I could make an all cash offer but it would be low. She sounded kind of put off when she hung up but thats how its gotta be.
Her fiance called me tonight and said he would take $4K cash... still too high. Here in Utah I need to pick it up for around $2500 after which it should go very fast listed with pmts around $350-$400 with a purchase price around $9K + interest.
Now a couple Q's,
Should I have told him I cant pay $4K and told him my offer of $2500 over the phone?
Will it be better to show up with $2500 cash in hand and do an inspection then make my offer (what I plan on)?
I know $2500 seems like alot but I'm telling you there is very very little inventory out there and I am very confident in my exit strategy/price.
What do you think?
Any tips for my first deal and negotiation?
Thank in advance for your help,
John