Value - Posted by Tom (GA)

import · July 27, 2004, 1:41pm

Posted by Tom (GA) on July 28, 2004 at 07:44:23:

Thanks Anne,

I have yet to find out if it needs to be moved. I’m still trying to locate the park owner. I should be able to get in touch with them today and submit an offer. If it has to be moved I might pass or flip it. And I am starting to agree with the higher sales price of $19k.

Tom

import · July 27, 2004, 1:41pm

Value - Posted by Tom (GA)

Posted by Tom (GA) on July 27, 2004 at 13:41:04:

Hey all,

Can someone give me a general value, on the SELL side, for a 95 Oakwood, 14x80, 3/2, located in GA? I will be owner financing Lonnie Style.

The reason I’m asking is, is that the home does NOT have the stove, fridge, dishwasher, water heater, front/rear steps, carpet, skirting. Even every last friggin’ light bulb is missing! Wondering if buying (used, for the most part) and installing these items would be worth it.

Overall condition is a 8 out of 10, located in a park. Needs general one day cleaning, some sheet rock repair, paint ceiling and walls. My costs have come to $2500+/- for repair/replacement. Trying to determine maximum acquisition cost of the home itself based on what I can sell it for. My thoughts are I can sell for $10k-$12k. Am I in line?

Thanks,

Tom

import · July 28, 2004, 7:13am

Re: Value - Posted by Dan - GA

Posted by Dan - GA on July 28, 2004 at 07:13:15:

Tom:
There is a used appliance store on Cobb Pkwy just north of Exit 267 off of I75, another one on Lawrenceville Hwy (not sure of location, but I’ve seen billboards) and a Sears scratch and dent store in Tucker on Mountain Industrial Pkwy. If none of these are close, there’s probably something similar nearby.

I’ve gone as high as 19k-21k on models going back to 1995, but I’ve done new carpet and tile so they look real nice. Remember that the 25k that you see on a lot is for new, but it still has to be moved, setup, skirted etc… and many people won’t qualify for new financing, but they will qualify for yours with enough downpayment.

Dan

import · July 27, 2004, 8:55pm

Re: Value - Posted by Rick_Ga.

Posted by Rick_Ga. on July 27, 2004 at 20:55:13:

Tom, Iv sold this type home any where from $19000 to $23000 , I always repair home as you decribed.
I usually have only $5000 to $8000 in these homes.
some i have sold twice.
Rick

import · July 27, 2004, 3:09pm

Re: Value - Posted by Anne_ND

Posted by Anne_ND on July 27, 2004 at 15:09:17:

Hi Tom,

I’ve never had a MH that new, but if I did what you’re describing (skirting, steps, carpet, all appliances, drywall) I would sell it Lonnie style for at least $19,900. I sell MHs from the 1970s with all appliances (usually refurbished, not new) for as much as $12,000.

Depends on your market I guess, but your house sounds like a winner if it doesn’t need to be moved. I’d maybe pay up to $4500 in its present condition.

good luck,

Anne

import · July 28, 2004, 7:32am

Re: Value - Posted by Tom (GA)

Posted by Tom (GA) on July 28, 2004 at 07:32:44:

Thanks Dan,

I am planning on new carpet. Was just using used appliances. Thanks for the headsup on the store off of Cobb Pkwy, I’ll check into it.

Tom

import · July 28, 2004, 7:38am

Re: Value - Posted by Tom (GA)

Posted by Tom (GA) on July 28, 2004 at 07:38:19:

Thanks Rick,

Guess I’ll look at increasing my sales price. Would help if I decide to sell the note.

What are you doing that you spend $5k-$8k? I may need to relook at my figures since I’m thinking around $2500. I pulled prices off the internet for used appliances. But my offer will be based on new prices from Lowes/Home Depot.

Tom