Hi All,
I have a CASH buyer who wants me to find her a DW park home. What is the best way to do the deal so she can buy it right after I close on it. I would rather she didn’t know what I paid for it. The home I am looking at is vacant listed w/a local agent and I was thinking I would just use her cash to pay so I don’t have to hassle with my HELOC. What is the best way to make this happen?
Carl
when selling, we have left the logistics up to our title company…
we were the end buyers on another property & we had no idea what they paid & didn’t care as it was still a good deal for us.
Sounds like your talking about a home in a park and not attached to land.
If so one easy way is to find a home and get it under an option agreement. Basically you find a home and agree to a price and put down X amount for a deposit. You then have a set amount of time that you and the seller have agreed upon for you to find a buyer. If that seller finds someone else to buy their home then your deposit and option are out the window. Its a nice way to “tie” down a property, at your price, and the worst is your out a hundred bucks. Plus they are still paying lot rent, utilities, etc. even though you have technically bought it.
Also I would just pay for it with your HELOC and then use your buyer’s funds to pay it off. It might make it a cleaner transaction.
Nate-WI