I want to buy a modular home?
Modular Home Questions February 17th, 2010I want to know if someone is selling a modular home for ,500 can I go in with ,000 dollars and win the sale?
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Opinions
- Fusion on what is the process of getting a moving and placement permit for manufactured homes?
- exbuilder on where can i find the plans for the revised plymouth style modular home?
- saaanen on Are Commodore manufactured homes well made?
- penny p on Whats the difference between a Modular Home and a Doublewide Home?
- John P on Whats the difference between a Modular Home and a Doublewide Home?
- J B1234 on Whats the difference between a Modular Home and a Doublewide Home?
- AJ on Whats the difference between a Modular Home and a Doublewide Home?
- cyah71 on Whats the difference between a Modular Home and a Doublewide Home?
- Catherine B on Whats the difference between a Modular Home and a Doublewide Home?
- rafikey on Whats the difference between a Modular Home and a Doublewide Home?
- Dont_taze_me_bro on Whats the difference between a Modular Home and a Doublewide Home?
- cc_malone on Whats the difference between a Modular Home and a Doublewide Home?
- udsweetness on Pre-Fab homes and tornados?
- brody on Pre-Fab homes and tornados?
- Water on Pre-Fab homes and tornados?
February 17th, 2010 at 12:57 pm
Absolutely. Modular homes are difficult to sell, and very difficult to sell if they are in an area with many already for sale and the real estate isn’t owned–rent is paid on the land use.
I suggest that you reconsider purchasing a modular home if you won’t be purchasing the real estate but renting it. These homes depreciate like cars, and are very difficult to sell down the road. Are you sure you can’t afford purchasing real estate? It’s far more beneficial to you financially, and you won’t be paying rent that increases every year.
If you are going to buy it anyway, come in with an offer even lower than that if there are many for sale in the park. Say, $30,000 perhaps…get a professional to represent you, a mobile home licensed agent–it won’t cost you a thing, and they can tell you based on previous sales in the park what is the lowest offer you can make and still win the sale.
Don’t worry if you come in low, the sellers can always counter somewhere between what you offered and what they are asking. The sale isn’t necessarily dead if they don’t accept your first offer.
February 17th, 2010 at 12:57 pm
Depends where, doesn’t it? Usually the costs of moving a modular home defeat the relatively low cost of buying the home. Decide where you’re willing to live first, then look for homes in the area.
February 17th, 2010 at 12:57 pm
depends on way to many variables. in a hot location i have seen them go for higher than the asking price. you didn’t say if it was a repo,fsbo, HUD or listed with a agency,email me if you want i might can help you.also does it have to be moved that is a low number if the lot comes with it.
February 17th, 2010 at 12:57 pm
Modular homes can be financed just like normal homes.
I don’t think that you can buy a modular home for $40K
I think that you may be asking about MANUFACTURED or MOBILE HOME.
They are as different as a car or a boat. Which is it ??
February 17th, 2010 at 12:57 pm
This depends on a number of factors. How long has it been on the market? Has the price been reduced previously? Have there been other offers? And the one you probably won’t know, how motivated is the seller?