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Updated over 6 years ago on . Most recent reply

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75
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Raul Flores
  • Investor
  • Houston, TX
13
Votes |
75
Posts

Seller mad with me afte i did formal offer

Raul Flores
  • Investor
  • Houston, TX
Posted

Guys

I did an offer to a seller and looks like he is mad with me, can you guys please give me your feedback if I was right or wrong the way I presented the offers. He was selling the mobile home for $55,000, the prices for that kind of mobile home with land in that area is around that price:

Option 1 All cash:
Cash $23,457 buyer pay the closing and run all due diligent.

Option 2:
Total $35,000
Down payment $3500
Seller pay closing costs and due diligent
Financing $31500 6% for 8 years $413.96 a month

Option 3
Total $40,000
Down payment $1000
Financing $39,000 15 years $346.26 month 6%

Option 2 and 3 can be repay in full any time of the loan period.

Please give me your feedback.

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Sure....you offered him less than 1/2 price of value for a straight up sale and still huge discounts with him seller financing.....I wouldn’t be mad, I’d just laugh..

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