Is $27,000 too much to pay for a 1995 Mobile home with 3 bedrooms 2 bath, please help me!!?

Question

Do yu think $27,000 is too much to pay for a 1995 model movile home with 3 bedrooms 2baths. I don't know much about movile homes and its the first time I'm trying to buy one, I don't want to make a big mistake so can yo help me please? what do you think!!

Answer 1

Waaaaaayy to much and at 12 yrs old you may find it hard to insure. Ask a moble home dealer and he would tell you that he could put you in one thats only 5 years old for that price (at least in Tennesse).

Answer 2

unlike a regular home, mobile home depreciate over time. by the time you pay it off, it'll be worth about 1/4 of what you pay for it. also, the utilities will be higher than a home, taxes will be a bit lowere, but they'll still rise over time and you'll have to appeal the appraisals to get them to an acceptable level because appraisers will always over value a mobile home. selling it will be harder, maintenance will be a nightmare since everything is made from the cheapest materials available. floors are usually made of pressed wood, not plywood, and will literally melt when they get wet. keeping it cool in a hot summer is so expensive that it can run over 300 a month easily, while a brick home runs 120. winter is just as bad, heating is twice as expensive. the walls are only four inches of insulation and thin sheet of metal or plywood. a house has three inches of brick, two by four or six walls with insulation and a ceiling insulated as well as a composition roof. easier and cheaper to heat and cool both.
i've lived in a mobile home for thirty years and hate it, but i can't afford to get out yet. if you have the money for a regular home, the payments will be similar, but the benefits of a regular home far outweigh the cheapness of a mobile home. remember, you have to pay for land and/or a lot to put the mobile home on. get a house with land instead. it'll save you in the long run, and maybe make you a good profit when you sell. a mobile home will just cost you, always.

Answer 3

YES!
also
dont just go by the price of the actual mobile home.
Can that mobile home stay where it is or does it have to be moved.
If it has to stay, how much is lot rent?

if you have to move it how much will that cost?

YOu did not mention its condition but that should play a factor too.

I believe that if you take any two cars (lets use a 2004 Camary for instance)
same features same options
One owner takes better care of the car his might be worth more.

so to bring that back full circle, where there pets in your mobile home.
Were the former tenants involved in the drug trade (former customers might not know that they are moving and could put your family's safety in jeapordy)

I personally would NOT buy one (generally speaking) for $27k
but there are still too many unknown variables to make an accurate assessment.
There was a mobile home park that was in the news. It was in florida
and a developer came in and offered each owner ONE MILLION bucks for each trailer.
(google )

http://www.usatoday.com/money/perfi/housing/2005-07-05-million-dollar-trailers_x.htm

Answer 4

at the starting up enable me say that cellular homes are like automobiles in that they rust and and so that you'll ought to spot it, and it would want to be homesteaded so for you to prepare for that probable each and every year. develop into it in water, nicely if so then it may rust quicker. cellular homes in common words very last 18 years and then pick issues carried out to it so the roof may pick a 2d roof to cover it and the flooring may fall out (typically interior the hallway or less than the bathtub so that you'll ought to strengthen it. right here a cellular domicile may probable promote from $5,000 to $10,000 yet that can be a gyp. So besides you probably did not say in the experience that they employ that 6 acres or if it really is what they're promoting. both the owner exceeded (so that you'll ought to ascertain you've sparkling identify to the domicile and land) and also you'll pick to get "city" water somewhat of the nicely water (that may probable turn some thing you wash in it pink). So make certain it on the land, how a lot is the land well worth...and then replace the cellular domicile with a sparkling one. The previous one develop into probable left because that is grandfathered in and so that you does no longer ought to pay further taxes once you moved a cellular domicile on the resources. what's your "ideal" wager although is once you get interior the city water for you ro construct your own residence even as you stay interior the cellular domicile, that is if that is in a community it really isn't any longer water services. I comprehend coverage costs are going sky intense for factors that are close to a body of water.

Answer 5

depends on where you are located and in what kind of condition it's in. Is it a double or single wide? Is it in a mobile home park? If so, how strict are they on pets, parking, can you change your oil in your own driveway etc... Also, be aware that many parks require to approve the new tenant before allowing them to move in so meet them first if that is the case. You don't want to shell out that much money then find out you either have to hurry and resell or move the mobile home because the space landlord won't allow your pitt bull or your four vehicles...

Answer 6

depends on the condition of the mobile home; i suggest you look through the newspapers to get a rough idea of the prices. Then talk to a salesperson to find out how much a new one would costs, and then ask if he/she sells second hand homes, and how much it would cost.

Answer 7

Yes in my opinion it is. Where I'm at you can get a brand new one the same size for that price