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Home Appraisal Services Portland ME

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.

Patricia Amidon
(207) 879-6056
Amidon Appraisal Company 477 Congress St Ste 323
Portland, ME
Licensing Information
State: ME

License Number: CG000000000113
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Michael Clark
(207) 761-9573
70 Dorset St
Portland, ME
Licensing Information
State: ME

License Number: CG000000000146
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Patricia Amidon
207-879-6056 X10
477 Congress St Ste 323
Portland, ME
Licensing Information
State: NH

License Number: NHCG-523
Company
Amidon Appraisal Company
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Donna Cavallaro
(207) 780-0201
One City Center 2Nd Fl
Portland, ME
Licensing Information
State: SD

License Number: 1112CG
Company
The Signal Group
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Mikel Deangelis
(207) 776-4679
185 Whitney Ave
Portland, ME
Licensing Information
State: ME

License Number: CR000000000206
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

Christine Hume
(207) 523-3408
Cushman & Wakefield Of Ma Inc 477 Congress St Fl 5
Portland, ME
Licensing Information
State: ME

License Number: CG000000002300
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Robert Anich
(207) 247-5845
Po Box 324
Portland, ME
Licensing Information
State: NJ

License Number: 42RG00129900
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

James Canavan
(603) 770-1651
The Signal Group One City Center 2Nd Flo
Portland, ME
Licensing Information
State: GA

License Number: CR343405
Appraisal Certifications
Certified Residential
Conforms to AQB Criteria
Yes

James Canavan
(207) 523-8918
One City Center
Portland, ME
Licensing Information
State: MI

License Number: 1201074013
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Christopher Smith
(207) 773-7575
So. Me Appraisal Service 141 Preble St
Portland, ME
Licensing Information
State: ME

License Number: CG000000000842
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

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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