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Updated about 6 years ago on . Most recent reply

User Stats

34
Posts
9
Votes
Kyle M.
  • Rental Property Investor
  • Dallas, TX
9
Votes |
34
Posts

Submitting an offer Mobile Home Park

Kyle M.
  • Rental Property Investor
  • Dallas, TX
Posted

Good morning BP! I was hoping to get everyone's input this morning on an "issue" that I'm having. I thought this would make a great discussion because I'm sure everyone has ran into this as well. 

I've been looking at smaller R/V and Mobile Home Parks in the Dallas Fort Worth area. Spotted two that I like. I have most of the information that I need to feel comfortable putting in an offer on one. Here's the thing. I believe the seller is way off on the price. Seller wants 350K for the park. I believe it's worth about 295K.... if he can provide owner financing. We've talked for some time now on the phone and he has explained to me why it's worth that much. I don't see it that way. 

What are some ways that I can present my offer that won't come off as low balling the hell out of him?

Looking forward to your feedback.

Most Popular Reply

User Stats

589
Posts
275
Votes
Mike G.
  • Real Estate Agent
  • Las Vegas, NV
275
Votes |
589
Posts
Mike G.
  • Real Estate Agent
  • Las Vegas, NV
Replied

@Kyle M. mentioned. Let him know that you buy on either price or terms, you dont get both and neither does the seller for that matter. Say ok you want $350 for the park that's fine but i need much better terms and go hard on the terms or vice versa. 

You dont get out of life what you deserve, you get out of life what you negotiate for and real estate is no different. 

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