Posted by Kristine on June 01, 2000 at 15:15:20:
Something like this. Really depends on your paper, how much it costs and how many other ads for mh’s there are. I used this:
WILL FINANCE 2BDR mobile home in family park. Low down, $300 per month, 5 yr terms, no interest. Call
The one thing I would add, though, is space rent amount. So many of the potential buyers in my market aren’t looking at purchase cost at all, what they really want to know is total monthly housing cost. Even though the park I am trying to work in raises rents at every change of owner 15%, there is a cap at $335, and that’s what I have to tell everyone when they call.
Also, lots of people have pretty bad credit and won’t qualify for the park. There is no co-signing or renting in this park. So I also have to tell them the PM’s rules for qualifying (income 3x lot rent, no serious collections or BKs, no evictions). This eliminates about half. But there seem to be good buyers left over and I feel pretty confident I can get some of them through. I did have to to convince the PM that I understood her qualifications and wouldn’t waste her time with applicants who wouldn’t qualify. Also, I had to qualify, which was fine. I’m hoping not all PMs are like this though.
I tell the callers on the ad that the one in the paper has been sold and I will have another sometime in July. Hopefully that will give me time to put it all together. Everyone wants a call back when I am ready to show it. Guess I better buy one!.
Good luck. Sounds like you’re jumping right in. Probably the best way to do it.
Keep us posted.–Kristine