@DaveM , as per your post:
- “I want to first state that I don’t really try and do sales with people on this forum.”
- "Mainly because we’re playing in the same space. "
- “I’m not going to sell for a 10 cap.”
- “I’m fine with a win-win deal, but I think a lot of people on here want their win to be bigger than my win and that’s not really something I’m interested in doing.”
- “P.S. I’m not going to do a 1031”
My Husband and I own 2 Mobile Home Parks.
I am also a Licensed South Carolina Real Estate Broker-In-Charge.
@DaveM , I commend you on knowing what you will and will not agree to as a Seller.
It is great that you are specific, so that the potential Buyers understand what will and will not be accepted…it saves time for everyone involved.
BOTH Sellers and Buyers should know what they will and will not agree to.
For Example: There are some Buyers that write multiple offers on multiple properties at the same time knowing beforehand that they financially only have the ability to close on one property. This is not correct.
Writing an offer means that you have:
- Desire To Go Forward
- Financial Ability To Purchase
- Ability To “Pull The Trigger” To Actually Purchase - (Go Through With Closing)
IF a Buyer writes multiple offers (knowing that they can only financially afford one), the Buyer is stagnating all of these properties because other Buyers will NOT want to place an offer on a property with a “Ratified Contract” (unless it is a screaming deal).
Also, a Buyer with a “1031 Exchange” brings in a little more complications to the Sale as opposed to a Cash Buyer.
Having a Seller state that they do not desire to participate in a “1031 Exchange” is a good thing. It saves everyone’s time.
@DaveM , may you find a win-win situation!
We wish you the very best!