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Home Appraisal Services Eagle River AK

The first thing to remember when trying to convince a seller to sell at a 10% cap is to make him think that it is still a 7 or 8 percent cap or less. The seller has no right to know your numbers -- they are yours because you have taken the time and effort to learn them.

Mark R Forbes
(907) 522-1031
PO Box 111509
Anchorage, AK
Company
AVS Inc
Appraisal Types
Residental, Commercial, fha, hud, erc
Licensing Information
License Number: AK538
Insured
Counties Served
Anchorage, Matanuska susitna

Data Provided by:
Martin Wild
(907) 770-0512
1816 Parkside Dr
Anchorage, AK
Licensing Information
State: CO

License Number: CG1762
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

John Sealock
(907) 360-7425
9138 Arlon Street A3-153
Anchorage, AK
Company
Alaska Appraisal Source
Appraisal Types
Residential, FHA, EDI capable.
Licensing Information
State Licensed In: Alaska
State License or Certification Number: 681
License/Certificate Type: Certified Residential.
Counties Served
Anchorage.

Data Provided by:
Chad A. Burris
(907) 334-6322
3940 Arctic Blvd. Suite #103
Anchorage, AK
Company
Appraisal Company of Alaska
Appraisal Types
Residential, Commercial, FHA, EDI capable.
Licensing Information
State Licensed In: Alaska
State License or Certification Number: 647
License/Certificate Type: Certified Residential.
Counties Served
Anchorage, Wasilla, Palmer, Dillingham, Valdez, Cordova, King Salmon/Naknak.

Data Provided by:
Adam T. Fitt
(907) 334-6319
3940 Arctic Blvd
Anchorage, AK
Company
Appraisal Company of Alaska
Appraisal Types
Residential.
Licensing Information
State Licensed In: Alaska
State License or Certification Number: 731
License/Certificate Type: Certified Residential.
Counties Served
Anchorage Municipality, Kenai Peninsula, Matanuska-Susitna.

Data Provided by:
Kevin Hindmarch
(907) 269-8512
17535 Kahiltna Dr
Eagle River, AK
Licensing Information
State: MS

License Number: RA-580
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

Georgia Martin
907--24-1177
1530 West 11Th Avenue Unit #2
Anchorage, AK
Licensing Information
State: NJ

License Number: 42RC00064400
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

Robert Conn
(907) 561-1965
4401 Business Park Blvd #22
Anchorage, AK
Licensing Information
State: CO

License Number: CG100031577
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Troy Wolzen
(405) 615-2489
3601 C St, Frontier Bdg Ste 256
Anchorage, AK
Licensing Information
State: OK

License Number: 10119CGA
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Randy Seaman
(907) 276-4663
501 W. Northern Lights Blvd #203
Anchorage, AK
Company
Frontier Appraisal Service, Inc
Appraisal Types
Residential, FHA, VA, EDI capable.
Licensing Information
State Licensed In: Alaska
State License or Certification Number: AK73
License/Certificate Type: Certified Residential.
Counties Served
Anchorage.

Data Provided by:
Data Provided by:

How to Convince the Seller to Sell at Your Price

PARK INVESTOR TIP: How to convince the seller to sell at your price
Sun 10/18/09 01:26:49 pm
Dave Reynolds Archive

The first thing to remember when trying to convince a seller to sell at a 10% cap is to make him think that it is still a 7 or 8 percent cap or less. The seller has no right to know your numbers -- they are yours because you have taken the time and effort to learn them. You are putting these numbers together to represent your best estimate of the income and expense you will incur when you take over. You will not run the park the same way as the seller. Therefore you base your decisions on these numbers (just as the Seller would if he were buying the park).

Once you have completed your diligence and have a tight, 100% accurate budget, you know what the park can really produce in cash flow. Normally, this is much less than the seller told you. Sometimes, in rare cases, it is higher. In any event, to achieve your 10% cap, you are probably going to have to get the seller to reduce his price.

The first step is to "cook the books" yourself. Look at any expense item that the seller gave you that is higher than what it should actually be. Leave all of those numbers at the seller' s level. Next, tack on some more expenses for the "grey area" numbers such as administrative, travel, and management. And then add on a ton of proposed "essential" capital expenditure items, such as re-building the roads and utilities -- even if you have no interest in ever replacing them. You are about to enter in to a negotiation, and you need room for the seller to enact some negotiating.

Once you have all the pieces, arrange to meet with the seller. Have a complete set of your numbers to show him (bring two sets). Pick a neutral area to meet, like at a restaurant, so that you have his sole focus. If you meet at his home or office, you may get constantly interrupted.

The first key is to get him in the habit of saying "yes". Go down the numbers with him, starting with the revenue numbers. Start with easy assumptions like "the rent is $200 per month, right?" And get him to say "yes". Get him to say "yes" many times before you hit the "increased" expense items such as administrative and capital expenditure reserves. He may start disagreeing with you at this point, that ' s only natural. Be sure not to put a final tabulation on the sheet you have given him. He'll go straight to the bottom and know what you are up to.

Once you have gone down all the numbers, show him a second, new page. This one will have the totals and also the amount of debt these numbers will support. Use the bank as your negotiation weapon. Tell him that you would like to pay him more, but the bank will only loan so m...

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