I Need A Mobile Home For Dummies Lesson
Posted: Fri Jul 30, 2004 7:58 pm
My friend and myself are going in together on 3.5 acres of land that already has a mobile home on it that is located on the first acre. There are no deed restrictions so we are planning on renting the mobile home to someone who has already expressed interest and who will buy it after 1 year and then we will each take 1 acre for our new mobile home and we would like to sell the last 1/2 acre.
We had a bad experience with the retailer in our area (Panama City, FL) and so we ended up going to Dothan, AL. Our salesperson is nice, honest, but not too informational and so the price she ended up quoting is just for the home. She said we could price out our own well and septic. I think we got a good deal on the Cavalier Residential built Power House with thermal panes, 2/6 exterior with 2/4 interior walls, extra insulation, 2x8 floor joists and tape and texture throughout sheetrock for $64,900.00. Anyone beg to differ?
I spoke with the lender yesterday and next week he will go into the process of getting final approval for us and because the land owner wants to close soon, he will do a contstruction loan to pay off the land and then the home can be set up after the clearing is done and then I guess we do septic, well powerpole etc.
Here is my dilemma. I have read and read on the land/home subject and now I am unsure of where to go from here. The lender said he will have our final approval no later than Friday.
What do I do now? I need someone knowledgeable to walk me through this step by step and to use language someone like myself can understand as this is my first home purchase without someone holding my hand. Does anyone know what well, septic and clearing of 1 acre/no driveway (lightly wooded) will cost? I estimated 10K, but don't know if it would be more.
I have gained such valuable information on this sight. Thank you all.
We had a bad experience with the retailer in our area (Panama City, FL) and so we ended up going to Dothan, AL. Our salesperson is nice, honest, but not too informational and so the price she ended up quoting is just for the home. She said we could price out our own well and septic. I think we got a good deal on the Cavalier Residential built Power House with thermal panes, 2/6 exterior with 2/4 interior walls, extra insulation, 2x8 floor joists and tape and texture throughout sheetrock for $64,900.00. Anyone beg to differ?
I spoke with the lender yesterday and next week he will go into the process of getting final approval for us and because the land owner wants to close soon, he will do a contstruction loan to pay off the land and then the home can be set up after the clearing is done and then I guess we do septic, well powerpole etc.
Here is my dilemma. I have read and read on the land/home subject and now I am unsure of where to go from here. The lender said he will have our final approval no later than Friday.
What do I do now? I need someone knowledgeable to walk me through this step by step and to use language someone like myself can understand as this is my first home purchase without someone holding my hand. Does anyone know what well, septic and clearing of 1 acre/no driveway (lightly wooded) will cost? I estimated 10K, but don't know if it would be more.
I have gained such valuable information on this sight. Thank you all.