Here is some information that should be helpful. FHA financing (low down payments is available for buyers on newer manufactured housing units PROVIDED they have certified anchoring. One of the biggest pitfalls that prospective sellers like yourself face is that their units were either not anchored to the ground or the anchoring was not certified by an engineer.
Secondly, park fees can impact affordability. If you are in a cooperative park, that is an advantage vs. private parks. Either way, if the trend for park fees is upward, then the asking price of your unit will be affected downward. Also, if the park fees are very high, first time buyers may have very good alternatives among free standing homes in the area. However, in Derry this may not be the case.
As with any investment or move of this type, that is, where there is a prospect of a loss, it is important to focus on the future state you want and need and just view the lost shirt, etc. as part of the cost of getting to where you want to be. If you focus on the lost shirt, you very well find it hard to act. Sure, at some point the pain of making the change may just be too great that you will not have the support of a lender to make a move.
So, go ahead, Give Robin a call. firstname.lastname@example.org 490-3978
Chuck Braxton, REALTOR GRI