Muskegon, Michigan.
3br/2baths. 1600 sq. feet manufacured home.
Built in 1988 on 0.5 acre.
First-time homebuyer.
2006-11-29 17:17:06 · 11 answers · asked by amanda 3 in Business & Finance ➔ Renting & Real Estate
Ask your agent (you do have a buyer agent, right?) for a listing of comparable homes in the neighborhood and what they sold for in the past 6 months. Then, if they are selling for about the same, then make an offer that is 10% less (approx $63K), and start there.
2006-11-29 17:20:01 · answer #1 · answered by non_apologetic_american 4 · 0⤊ 0⤋
I'm Canadian, mind you, but I think it still works the same. Take off $2000.00 dollars if the roof shingles are more than 12 years old. Subtract another $5,000.00 if the house is not bricked. The upfront $200.00 or so that you spend on a home inspection is always a given, so if you want, you can add that to your offer. If all is fine with the inspection, I would go in with $61500.00 and depending on how the market is in Muskegon, you'll probably plug in the t.v. for about $64200.00.
2006-11-29 17:29:56 · answer #2 · answered by boo boo 1 · 0⤊ 0⤋
check out www.zillow.com and type in the address. You will get an estimated worth on it. Ideally I would say a reasonable offer is $65,000 but that depends on many things. The value of a manufactured home doesn't increase very much over time. But really, it all boils down to whether or not you like the house and if it's in good shape. If it needs a lot of repairs then the value may be less. And if you don't really want it, then it's not worth anything.
2006-11-29 17:21:41 · answer #3 · answered by tofu 5 · 0⤊ 0⤋
Well, a manufactued home usually goes down in value.. While the other real estate mostly gains value over time.
But, hmm. If I were you, and had a nice hefty down-payment to throw down, I'd offer $60,000 flat. If you Don't have a down payment.. think more around the $65-$67,000 range.
Good Luck!
2006-11-29 17:20:59 · answer #4 · answered by [we're all mad here] 4 · 0⤊ 0⤋
You need to find what the List price to sale price ratio is in the area and make an offer accordingly.
You may even want to narrow it down on list to sale price ratio on similar properties.
In our area it is common to make 90% offers as list to sale ratio is about 93%.
If the numbers were the same in your area a $63,000 would be my suggestion.
2006-11-30 07:55:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Less than the asking. I can't really comment because I haven't really seen the house in person but, offer less usually by a few grand.
2006-11-29 17:18:45 · answer #6 · answered by ? 2 · 0⤊ 0⤋
Interview a few buyer's RE Agent, if you don't already have one. Get him/her to give you an idea of how much it's worth and compare w/ the local market RE conditions... and then negotiate accordingly. Right now it's more of a buyer's market.
2006-11-29 18:35:36 · answer #7 · answered by JNC 2 · 0⤊ 0⤋
Damn that is cheap, I live in San Francisco, you wouldn't even find a outhouse for $69,900. I say offer $64,999. Good luck!!
2006-11-29 17:20:59 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Its manufactured - which means its value can only go down. I would offer 10, maybe even 15% less
2006-11-29 17:18:47 · answer #9 · answered by freshbliss 6 · 0⤊ 0⤋
offer 55k? or 60k
2006-11-29 17:18:34 · answer #10 · answered by GC 3 · 0⤊ 0⤋