I scoured the market for about one year or more trying to work with every broker under the sun. I eventually developed a decent deal flow. This includes on and off market deals and pocket listings. Many many deals and several contracts later, I still hadn’t successfully purchased anything. I finally enacted the direct to seller approach and have spent the last six months trying to find deals working directly with sellers.
I’m starting to create a small deal flow and have several park deals in which the numbers work well. One in particular, has me very excited. It doesn’t hurt that I’ve also hit it off with the seller and we’ve basically agreed he’s going to sell me the park for a very attractive price.
Now here comes the weird stuff. He still hasn’t countered my original offer which is close to his asking price. He hasn’t asked for a contract although I’ve asked. After a month or so of kicking it back and forth since my offer, he asked for some time to prep the park and get it ready for sale. He wants about 2-3 months to get things ready.
None of this seems unreasonable at all, but what the heck I do now? Do I just keep in touch with the guy and try to be involved with his prepping the park? Should I push harder to get it under contract? Don’t want to lose this deal. He seems like an awesome and honest person. The best type of person you’d want to buy something from. I might not have to do anything except be patient.
In the meantime, I have other deals I could pursue. I should obviously keep looking. However, If this one is going through, my personal $$$ will be almost tapped. What do you guys think?