Input Needed
I recently made an offer on a non-income producing commercial building in San Diego. The building has been vacant for approximately three years.
I made the following offer:
Term of lease and option:: One year
Monthly Payment: Due to start 90 days preceding the move-in of a new NNN Sub-Lease tenant.
Purchase Price $3,500,000.00
TERMS: Seller agrees that upon the exercise of the option they will accept the full purchase price by taking as full purchase price a note in the amount of $3,500,000.00 with payments due to start 90 days preceding the move-in of a new NNN Sub-Lease tenant. Additionally I offered to facilitate placing the note so the seller would be cashed out.
SELLER ANSWER: The seller just wants to sale it and move on.
QUESTION: How would you sweeten the deal to get the seller interested?
[ Edited by waterfront on Date 05/28/2005 ][ Edited by waterfront on Date 05/28/2005 ]
Sounds like the seller may need to be educated a bit on how such a "deal" may benefit him/her. The response you garnered seemed a little flippant. To me, this is usually indicative of ignorance, not disinterest. How about offering to buy lunch and really detailing how it makes sense.
Just my 2 cents...
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Best regards,
Tim[ Edited by norrist on Date 05/28/2005 ]
Good one! In these days and times we sometimes forget the little things. Thank you.
Let us know how/if it works out!
Tim