Not really thinking about it due to trying to find a home, we got a mortgage for a manufactured home when first married. We want to start thinking about getting our own home built and we don't know what is the best possible way to go about getting rid of this manufactured home. Any ideas?
2007-01-17 00:33:32 · 8 answers · asked by jae1943 2 in Business & Finance ➔ Renting & Real Estate
We own the land.
2007-01-20 08:30:39 · update #1
........the last two answers were halirious but, I'd agree w/the first person place an ad (newspaper, even the trading post (u'd be surprise house & land appear in there even mfg. homes). or u can use a good real estate agent.
I'm w/u I to build a home from the ground up as well so I can get exactly what I want. But, if I was u I would make a move quick because the market value is steady going down on all homes. I think in the next couple of yrs., I'll either buy a house at a fair market value or build one.
And, like she said (above) rent it, the mortgage gets paid your credit stays good; and u have a second income. Just besure u screen your rentors; really good & take into account how many cats, dogs & children they bring into the home. Defintely get refrences & check them/get them to sign papers to give u permission to touch base w/their employer as far as reliability (coming to work & getting a steady check/any occurence where they were borderline of getting or being fired: u wanna make sure your money will be flowing in for your mthly payments). I don't know if those questions are legal or not; but check into & as said before they can sign a waiver to allow u to & get have them get the paper notarized.....so, the employer know that it is official (legit).
If u have a single wide it may be harder to sell, do u own the land? will u sell the home soley if u do own the land. That would be a great idea so that way u have land to build on; or u can sell the land seperate to make extra money to make up for your lost.
Good Luck!!
2007-01-17 00:46:50 · answer #1 · answered by Nedda 2 · 1⤊ 0⤋
You did not mention if the manufactured home (MH) is on a leased space or has a plot of land that you also own.
You will find that MH on a leased space are not easy to sell in some situations. Mostly when a person purchased the MH new. The homes tend to drop in value pretty quickly as a new car will do. More important is the fact that it is difficult to find financing for a MH if it is over 5 years old. Lenders do not like to finance used MH as a general rule.
2007-01-17 00:56:19 · answer #2 · answered by Anonymous · 1⤊ 0⤋
is it a single wide or double wide and on your own land/lot? FYI for the 2 people who made fun of manufactured houses......also when my husband and i were first married we bought a new manufactured house on a nice acre piece of land.....3 years later we sold it for 10,000 more dollars than we bought it, and that was including 'wear and tear'....so you should not have too much problem selling it.
2007-01-17 00:53:51 · answer #3 · answered by sleep_chic 3 · 0⤊ 0⤋
Put an ad in the local paper with rent to own option, and screen you buyers very carefully. My best buyers and renters are from church, they are honest working people looking for a nice place to live. God Bless and Happy Home Selling!
2007-01-17 01:05:07 · answer #4 · answered by Janice 10 7 · 0⤊ 0⤋
properly...in case you shop paying the notice? relies upon on the settlement (the countless contracts require coverage and registration). in case you shop paying the notice you could unquestionably sell it for areas purely yet once you end paying the notice they are going to come once you for the finished quantity of the notice. from time to time the purchase right here pay heres do not truly come once you in case you end paying...yet others are sharks and shop flipping those crappy automobiles to those with destructive credit understanding that they are going to default and that they are in a position to get well and re-sell the motor vehicle presently. they generally try this because of the fact they require a huge up front down fee which they cling directly to. that's unquestionably a scam notwithstanding if that's a scam you willingly entered.
2016-10-07 07:04:15 · answer #5 · answered by blumenkrantz 4 · 0⤊ 0⤋
Kitchen fire. Oops! hope you are insured.
Rent it to someone. Do a rent to own. At least the mortgage gets paid. You won't get equity in a mobile home anyway.
2007-01-17 00:37:42 · answer #6 · answered by firefly 5 · 0⤊ 0⤋
You can try to sell it but thats hard to get your money back on a Manufactured home. I would burn it to the ground.
2007-01-17 00:37:26 · answer #7 · answered by weso17 2 · 0⤊ 1⤋
But a ad in the paper and see if you could sell it to someone Else.
2007-01-17 00:37:07 · answer #8 · answered by Lara <:(((>< 4 · 0⤊ 0⤋