Hi Everyone! I need to go back to seller to negotiate a new price on my first MHP purchase. The individual septic system will need tied into city sewage. Park is 40 years old, tanks are undersized and none working well. Seller has neglected park and septic maintenance for years. Tie in estimates are 50-80K. Location and potential of park is good. 92% occupied, 8 POH (very old), 57 lots total. Rent lot $240. Owner pays water/septic/trash. Offered 1M.
Please advise on these items:
- negotiation tool to come down on price for septic tie in?
- Park is zoned as commercial business district when it was grandfathered in by the City after annexation so there is no mobile home permits to be had. Park is legal, nonconforming. Is this good enough?
Thanks in advance for any perspectives/advice on deal.