All Forum Posts by: Account Closed

It's easier to ask for forgiveness than to ask for permission.

With mobile homes my criteria is to get ALL of my money out of it in less than one year. In your example the max price I would pay is $3600 less the cost of needed repairs. Keep this in mind, not many people that would live in a 70's mobile home in a park have a big wad of cash to buy a home with. Translation; there are few buyers available. In my market, 6500 would be a huge price for a 70's 2/1. 

I have had the bank state in a letter that I had in excess of a certain amount of money on deposit and available for withdrawal. Usually I will have it written for the amount of my offer but the in excess is a purposely vague term.

Most reo buyers aren't searching the couch for loose change to come up with the money. The bank knows this.

I have noticed a lot of wanna be gurus and those looking for investors showing up here with tales of huge profits and gains. When questioned for their numbers they come up with figures that don't seem right but always have a slick response when quizzed further. Beware of self promoters.

how is it that these people are needing "help" in selling their property that they have substantial equity in that is priced at market value? If they just want to move forward then they will just want an all cash deal. Does the property need extensive renovations that would turn off most buyers?

Why don't you call the building inspection/permit office in your county? They probably know more than we do.

Allende, I am also of the like mind of staying neutral in order not to alienate buyers by using extreme colors.  You have to have something to stand out that will be of interest to a buyer. I like to save money just like the next guy and you can't get carried away with personal tastes and spending money like it is the house you are going to live in. In one pic you had a light fixture that looked like a $10 special from Lowes. I believe it was either in the living room or dining area. I might use this light in a bedroom but I want something a little more eye catching in public rooms. It might be worth a few bucks to hire an interior designer to give you a few affordable tips on dressing the house up and getting some pop.

After looking at your MLS listing I have a few observations. Staging is a MUST for this house. I apologize for being harsh here but the truth hurts. The agent basically described the house as being cheap. It's biggest asset seems to be its cheapness. Unfortunately, based upon the pics, the agent appears to be correct. Your house looks like a big, cheap, colorless blob. I again apologize for the bluntness. Some furniture and pics on the walls and maybe some green plants would make a world of difference. Maybe even paint a few walls a different color. Anything to bring life to this house.

Your price is too high. Buyers don't care how much you have invested in the property. You probably overpriced initially so now your property have to be discounted.