I know that they loss value but how much? We have been looking to buy a house and one lady wants 70,000 for a double wide that is ten years old and she only paid 68,000 for it to start with but she said that the little bit of yard and the brick skirting makes it more. The inside of the house is nice but needs work, like carpet and stuff. I don't think it is worth 70,000. What would a reasonable offer be?
2007-03-20 07:51:58 · 4 answers · asked by samantha s 3 in Business & Finance ➔ Renting & Real Estate
The double wide is on a brick skirting and it has a concerte base. Two lots of land, I would say less than a quater of an acre. The lots aren't very expensive around here. I would say the house is in fair shape, needs work though. The owner has a beauty shop on the grounds and wants to use it if she sells the house.
2007-03-20 08:12:55 · update #1
70,000 for a double wide thats 10 years old , not on a foundation ?
NOT A CHANCE by it's self , how much land are we talking about . a good estimation would be 10,000 a acer and probably around 22,000 for the double wide in fair condition and high as 35,000 if in MINT condition
2007-03-20 08:01:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The first thing you should do is go to a realtor and ask themfor recent closed sales of similar double wides.
This will help you see what the market is selling for in that area.You should ask to see the most recent sales if none have occured you should research closed sales within the last 3- 6 months.Also adjustments are made for ex.if a double wide has new cabinets kitchen and stove an adjustment should be made for a higher value also very inportant is the sq. footage for adjustments one duoble could be 900 square feet while one that sold is 875square feet an adjustment needs to be made.Also factors involving price is how the area is doing are they building a school nearby that would make the price higher or are they building a jail which would drive prices lower.I would drive around to see if there any other doubles up for sale witin a miles radias and see what conditions they are in and what the selling prices are.
I would also ask a realtor.
2007-03-20 08:14:49 · answer #2 · answered by al s 1 · 0⤊ 0⤋
The only real way to know is to hire an appraiser.
But I can't imagine how this place could be worth $2K more than she bought it for 10 years ago, just because of a little brick skirting.
Get a professional opinion of it's real market value from an appraiser and go from there. Cost you $250-350, but should save you thousands on the purchase price (assuming she'd accept less?) Find that part out first. Ask her if you can have an appraiser come, and if she'll accept their value as your purchase price if it comes in lower.
2007-03-20 08:18:14 · answer #3 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
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2016-11-27 01:01:58 · answer #4 · answered by ? 4 · 0⤊ 0⤋