Posted by Joe C. (AR) on May 02, 2002 at 24:44:06:
Sure it’s reasonable. You don’t say if you’re carrying the rest of the note or if your buyer has to come up with the rest in cash. Usually you can get a good deal on the trade-in, but you have to look at all the same details you would if you were buying ala “Lonnie”. ie. Do they have clear title? Will it have to be moved? etc. I’m working a trade right now, with both homes in the same park. Profitable deal for me, although it’s a single wide for a single wide.
Good luck
Joe C. (AR)