Older home sale

[danbus]

David, I have a 1995 Zimmer Castlewood home I would like to sell. It is 28 x 56, 3/2, den w/fireplace, eat in kitchen and dining area and wlk in closets. The home is structurally very sound but needs new carpet and wallboard. In other words it's a fixerupper and I don't have a clue as to reasonable asking price. I'm in central Alabama and the home must be moved. Any help would be greatly appreciated.

[David Oxhandler]

Putting a value on a home can include dozens of factors that may not have anything to do with the home itself. When there is real-estate included location is the biggest factor.

When you are selling a manufactured home that must be moved you must consider the cost if moving the home and installing it again.

Anyone that purchases the home will be compelled to spend that money prior to being able to put your home to use. I dont know what the cost or relocation a double wide is in your state but here in Florida you could be looking at over $15,000 for permits, take down, install wheels and axles, water-tight close up, transport, reinstallation and hookup to existing water septic and electric. If the utilities have to be installed the cost increases accordingly. As the cost of relocation increases the market value of the "must move" home goes down.

You can get a book value report for your home at ManufacturedHomeCredit.com


To get a good idea of your local market look in the local newspaper classifieds,
Scout local dealer prices for pre-owned homes.
Check out our For Sale By Owner listings from your state.

Can you sell that home where it sits? That is the way to get the most out of it if you can. Manufactured homes on leased land will be seeing a boost in sales in key parts of the country. We are going through a time of high credit barriers, high inflation and stagnating wages. For a LOT less down and monthly the dream of home ownership can be attained on leased land.