GoingNorth
Crazy Cat Lady
So, I had a VERY enthusiastic young couple out to look at my trailer. They poked around opened cabinets and doors and turned on and on faucets, peered at applicances, and generally oohed and ahhed about how "cute" and how "perfect" my little place was.
I am smelling "sale" in the air so thick I can taste it. Then, the come out and tell me they want it. Great!
And then come the fateful words. "Do you know anyone who will finance a mobile home? Whaaat? Well, it's nearly impossible to finance an old mobile home on rented land, especially one that isn't on a foundation, mine is shackled to a slab, and did we mention that mine is in a park? Something else backs don't like. I suggested a personal loan given that the amount is so small.
So, the guy starts babbling about his work history, "He should be OK. He's been working at Good will for 6 months, so that should make up for in the other town when he mostly did day labor, right? (facepalm) He doesn't believe in credit cards so has never had one. Doesn't have a car, so no instalment loan history.
And given that he informed me that he grosses 1200 a month, I don't see where he can get a PERSONAL loan for what I'm asking for the place as the payments on that, plus the lot rent, plus utilities, plus taxes, are gonna take too big a chunk out of his gross income for a bank/credit union to touch him.
So...I've got the place sold if this couple who desperately want to buy the place can come up with the money to buy it...somehow.
I explained about earnest money and told themi they were willing to put up earnest money, I'd take the place off the market for a week while they sought financing. THey don't have the earnest money. Oh well.
I also won't do the land contract they tried to talk me into.
Next time, the PTB,if there are such a thing, and I have my serious doubts, need to send me a buyer with financing already worked out or cash in hand.
Argh...
I am smelling "sale" in the air so thick I can taste it. Then, the come out and tell me they want it. Great!
And then come the fateful words. "Do you know anyone who will finance a mobile home? Whaaat? Well, it's nearly impossible to finance an old mobile home on rented land, especially one that isn't on a foundation, mine is shackled to a slab, and did we mention that mine is in a park? Something else backs don't like. I suggested a personal loan given that the amount is so small.
So, the guy starts babbling about his work history, "He should be OK. He's been working at Good will for 6 months, so that should make up for in the other town when he mostly did day labor, right? (facepalm) He doesn't believe in credit cards so has never had one. Doesn't have a car, so no instalment loan history.
And given that he informed me that he grosses 1200 a month, I don't see where he can get a PERSONAL loan for what I'm asking for the place as the payments on that, plus the lot rent, plus utilities, plus taxes, are gonna take too big a chunk out of his gross income for a bank/credit union to touch him.
So...I've got the place sold if this couple who desperately want to buy the place can come up with the money to buy it...somehow.
I explained about earnest money and told themi they were willing to put up earnest money, I'd take the place off the market for a week while they sought financing. THey don't have the earnest money. Oh well.
I also won't do the land contract they tried to talk me into.
Next time, the PTB,if there are such a thing, and I have my serious doubts, need to send me a buyer with financing already worked out or cash in hand.
Argh...