In most parts of the country, the majority of mobile homes are sold privately. However, even though mobile homes are personal property (not real estate), some are sold by Realtors.
Basically, if you're doing it yourself, you just market the heck out of it. If you're in a mobile home park, you're probably only allowed to put a "For Sale" sign in the window. Or maybe in front of the home. Do that. Let the park management know, too. People will go to the office asking if any homes are for sale. Craigslist is very popular for advertising mobile and manufactured homes; use that. Put fliers up in local stores. If you're in a park, let other owners know that you're trying to sell. They may have friends or relatives looking for a place. Relatives, especially, may be looking to live close to their relations.
Most mobile home buyers don't have the cash to buy outright. And financing for used mobile homes is very limited. So your best bet there is to offer terms. Essentially, owner financing. Depending on what's typical in your area, and what people can afford, consider asking 10%-20% down, 8%-12% interest, with a length of 5-7 years. So if the mobile home sold for $50,000, you might get $5,000 down and finance the rest for 11% interest for 7 years. That'd work out to monthly payments of $770. If that's too high, you'd just stretch the term out a year or two, or collect a bit more money as a downpayment.
Hope that helps.... more
Due to the high level of activity in the Hudsonville market currently, single family home rentals are becoming increasingly difficult to find. Sellers who may, at one point, have rented their properties are now able to sell as inventory decreases and home values are rising. Those who do have properties for rent are often able to do so without advertising, rather by word of mouth. Put the word out to as many folks as you can that you are looking and consider advertising your desire to rent a specific type of property.... more
Hi Juanita, I know there is a way....visit the state of michigan site or call them at the number where they take care of the Affadavit of Affixture. I remember hearing the process but it has been awhile! Good luck!... more
good afternoon sarah...yes, you can qualify with that score..also..the seller may not know that it costs them no more to sell fha than conventionally...if you are trying to keep the cash to close at a minimum..fha is the way to go..and to also maximize the allowable seller concessions...it would probably be worth the call to find out why the seller won't take other financing options.....could be the collateral/house....
please call if questions...
first preferrred mortgage
southfield, michigan..... more
My 2 cents: I would interview several attorneys to handle this for you. One thing jumps out at me: The bank declined to mitigate their loss at $30,000 and instead foreclosed upon you for a $116,000 loss.
Most initial consultations with attorneys are free of charge. Please seek the advice of one (or two or three).
Frankly, I would love to see some precedence set in the State of Michigan in regards to this type of situation. (The bank declining a short sale and therefore increasing your deficiency balance.)... more