The Manufactured Housing Forums

Help! I know nothing about buying a mobile home and especially in these times.

I hope this works it's a URL to the listing:
http://tinyurl.com/dlfr4c

I've bought several homes in my lifetime and we just knocked of 10-20,000 dollars but now I'm lost.

Thanks for any suggestions.

What ever pricing strategies you have use in the past, buying real-estate should be applied to this home. Location and condition are the 2 prime factors that determine the value of any structure. From the limited info the home appears to be in a land lease community. Other factors that must be considered; what have other homes like it sold for recently, what amenities are included in the land lease and the amount of monthly rent.

The best way to start - visit the neighbors and find out which other homes in the community have sold in the recent past and investigate those sales for comparisons. We are still in a buyers market so there is no reason the seller would expect you to jump on the asking price. Roll up your sleeves and go to work

It is almost impossible for us to understand CA pricing...$129,000 for a 37 year old manufactured home is unimaginable. Geez no wonder CA is in trouble..The real estate guy looks a lot like Fred Thompson. Good Luck

I can't either. We bought a new 2200 sq. ft. four bedroom, two bath with many upgrades, 1 acre of land, and the septic etc. in northwest Louisiana for about $139,000.00. I'd never buy a 31 year old MH and I would never again buy one in a a park.

As a rule of thumb, offer 5% less than the asking price. I just sold my stick built house. We were asking $124,500 and accepted $122,000 plus we are paying up to $6,000 in closing and improvements.