Re: Buy or Pass??? - Posted by Carey_PA
Posted by Carey_PA on November 12, 2000 at 17:54:39:
What’s the problem with the other home that you’re trying to sell?? Are you putting OWNER WILL FINANCE in all your advertising of the home or what is going on??
I understand that you’d probably be a little scared to take on another $300/mo. because you haven’t sold that other one yet. But it sounds like you may have a deal here.
How much does the guy want for his home??
Why are you going to put $3000 into the home anyway to fix it up? Why don’t you just sell it as-is with owner financing…sell it as an “inexpensive opportunity to own a home, a handyperson special” OWNER WILL FINANCE!
This is just a suggestion on my part and remember i’m FARRRR from an expert, but get the home under contract at a VERY VERY reasonable price and maybe put that you guys will go do title work etc and he’ll be moved out say within 30-45 days or something like that SEE if you can strike some kind of deal like that with the guy, then run an ad in the paper like i mentioned above and see if you get a buyer before you actually BUY the home. Don’t you have a buyers list from ads you’ve ran before??? IF SO, CALL EVERY SINGLE ONE OF THOSE PEOPLE and also if they are NOT interested in the home ask them if they know anybody that would be, tell them you WILL PAY THEM a referral fee if the person they refer buys from you. ($100 or so)
OH and if you don’t have a buyers list you should! START ONE NOW with your next ad, just take down what everyone is interested in, area, how much down, how much monthly, etc etc and keep it in a file. (I use a simple spreadsheet on the computer for this)
Oh and my two cents about the year and make/model of the home is: WHO CARES??? For the most part people don’t ask that info, that’s what i’ve noticed and EVEN if they do ask I’ve never had anyone say OH that’s a Hallmark or that’s a Redmond well hell i don’t want it! Nope they say “how much down, how much per month!”
I hope some of this helps ya out,