want to upgrade from singlewide to doublewide with land

[amcinty]

i am looking to get out of my 14X80 horton mirage 3 single wide and into a doublewide, the single is on a lot and i still owe quite a bit on it but i have some money in the bank to either pay off a large chunk of the loan or put down on a new double wide land home package, the problem is i dont know what the trade in value is of my home and where i would even go to discuss tradeing in my singlewide, should i just go back to the dealer and try to get the best deal i can????

[JohnnyJ]

Hmmm....

You don't say if the MH is on your land or rented / leased land.

If you own the land, the frugal thing to do is to sell it yourself. You should be
able to negotiate a "contingency" contract on your doublewide with the
dealer.

If you don't own the land, then you can expect to take less from the dealer,
or sell it yourself for a bit more. Trade ins are not exactly fetching a premo
price from dealers right now.

good luck

[rmurray]

Seems like your home is in a park...Selling on site will be very hard to do..but in military areas there is some market..

To trade...you will have to deal with a few dealers...find a couple of manufactured homes that you might be interested in...talk to the dealers about your plans...and the amount of money that you might have available...I am a dealer...and I would rather you not pay down the balance before you move forward..

I you buy a double section...you should be getting land with it...No problem...

1 word of caution...if you find a dealer interested...be sure your actually gets paid off..you can insist that money from the closing be paid directly to your current lender by the closing agent...Unfortunately there are a few dealers out there right now..who are hurting themselves and might not payoff your home and use the money to pay bills...

There are 4 figures involved in the sale...price of the new home...trade amount...interest rate...payments....Payments wrap up all of the issues...the only way to really compare is to compare payments from dealer to dealer...Do not get too fixed on price..trade or rate..the payment is the combination of them all..


Just...tell the dealer what you have...trade and money...tell them what you want...home..land..improvements..closing costs...then the only real question is how much is the payment...Then compare among a few dealers..

Good Luck...By the way...THANK YOU FOR YOUR SERVICE TO THE REST OF US...MARINE