Mobile Home Park Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 13 years ago,
Discount to delay possession?
Hey Everyone,
So I'm under contract to purchase a Mobile home on the 25th. The seller calls me tonight and wants to know if I will let him keep possession of the home for a week or to AFTER we close so that he can use the money to get a new place to live. He is willing to discount the price to compensate me.
My question is what issues could I run into by doing this. The title will be in my name and I'm not worried about the marketing piece because I already have the buyer signed to move in on Sept 15 and the home doesn't need any work. Saving a couple hundred dollars on the purchase seems great to me, but I don't want to put myself in a bad position either.
Any suggestions or warnings would be appreciated!