The
MANUFACTURED HOUSING GLOBAL NETWORK
Home     Privacy & Security     Contact Us    
 
What do you want to know about manufactured housing?
Manufactured Housing Web Search
Home Search     Forum Search     Business Search    


Financing   Buy A Home Sell A Home Repair & Renovation Free Classifieds   Forums Books Insurance

Home Appraisal Services Manhattan KS

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.

William Kip Wilson
(785) 317-5333
1408 Hartford Road
Manhattan, KS
Company
Midwest Real Estate Appraisal
Appraisal Types
Residental
Licensing Information
License Number: L-2383
Insured

Data Provided by:
Marc Wilson
(785) 565-0203
1010 Poyntz
Manhattan, KS
Licensing Information
State: KS

License Number: 1853
Company
The Wilson Company
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

John Massanet
(785) 341-1440
9126 Tonya Ter.
Manhattan, KS
Licensing Information
State: KS

License Number: 1772
Company
John Massanet Appraisals
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Linn Parry
(785) 539-9485
1743 Cedar Crest Dr.
Manhattan, KS
Licensing Information
State: KS

License Number: 184
Company
Parry Appraisal Company
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

Angela Dawdy
(785) 320-2314
1228 Westloop Place, Box 197
Manhattan, KS
Company
Konza Appraisals LLC
Appraisal Types
Residential, FHA, EDI capable.
Licensing Information
State Licensed In: Kansas
State License or Certification Number: 2514
License/Certificate Type: Certified Residential.
Counties Served
Riley, Pottawatomie, Geary, portions of Clay.

Data Provided by:
Meryl Brown
(785) 320-2314
1228 Westloop Pl #197
Manhattan, KS
Company
Konza Appraisals LLC
Appraisal Types
Residential, FHA, EDI capable.
Licensing Information
State Licensed In: Kansas
State License or Certification Number: 2492
License/Certificate Type: Certified Residential.
Counties Served
Riley, Clay, Pottawatomie, Geary.

Data Provided by:
Doris Proudfoot
(785) 537-9799
7600 Lookout Dr.
Manhattan, KS
Licensing Information
State: KS

License Number: 2191
Company
Doris Proudfoot Appraisal Services
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

William Wilson
(785) 565-0161
2401 N Seth Child Rd.
Manhattan, KS
Licensing Information
State: KS

License Number: 110
Company
Frontier Farm Credit
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Larry Fox
(785) 532-7541
2323 Anderson Ave. Ste. 500
Manhattan, KS
Licensing Information
State: KS

License Number: 115
Company
Kansas State University Foundation
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Douglas Haverkamp
(785) 587-1555
727 Poyntz Ave.
Manhattan, KS
Licensing Information
State: KS

License Number: 2005
Company
Commerce Bank, Na
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

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...

Click here to read the rest of the article from mobilehome.com


© Copyright 2008 Express Network Solutions
Manufactured Housing Global Network

Page Cached @ Tuesday, 18th January, 2011 @ 02:00am

Served by checkov .xpr.com
@ 02:01:59