I was offered a double wide mobile home with 1 acre of land for 50K(with interest) in zp 31771. Is that a good price?

Asked by Katrina, 31771 Sun Feb 7, 2010

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3
Dan Chase, Home Buyer, Texas City, TX
Sun Feb 7, 2010
What is the mobile home worth on a trailer lot?

What is the lot worth empty?

Add the 2 together. Does it come to more or less than $50k? You have your answer.
Be aware doublewides go down in value and after a time become almost worthless.
0 votes
Don Tepper, Agent, Burke, VA
Sun Feb 7, 2010
That depends in part on the age of the home. The more modern ones are really very, very nice. They're also built to higher standards. Older ones tend not to be as nice.

You're dealing with two different issues here. One is the value of the home itself. The other is the value of the land. How much does 1 acre of land sell for in the area? To that, you'd add the value of the home--which could be anywhere from $15,000 to $75,000 depending on age and condition.

Keep in mind, too, that it's not just price, but the terms that can make a deal desirable. What sort of financing, if any, is the owner offering you? Again, it varies geographically, but if the deal was something like 10% down with the remainder payable over 20 years at 6%, that'd be pretty good. But if you have to go out and find your own financing, or if the owner is asking for all cash, or offering a deal like 20% down, 12% interest, that would be far less desirable.

So: Break down the value of the home and the land. Then consider whether the financing (if any) is attractive.

Hope that helps.
0 votes
A friend is old she iwns a acre can we put a smal1992doublewide on with her
Flag Mon Jul 10, 2017
Michael Hamm…, Agent, Suwanee, GA
Sun Feb 7, 2010
The 2008 mean price of mobile homes in Colquitt County was $35,054, Katrina. I would estimate that the size of the land for those homes averages between .5 to 1 acre. Mobile homes tend to depreciate in value whereas stick built ones (used to) usually appreciate. So given this information, what do you think? Please feel free to email or call if I can be of further assistance.

Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=hammondjohnm
0 votes
I have a question we got a 2005 doublewide and 3 areas the guy we got it from wanted the land and house for 100,000 keep in mind it was empty for 3 years we had to put 7000 down and he is caring the note for 5 years the problem is we have had to put 2 new air conditioning units in within 2 months living here the last one caught on fire inside the house almost burning us up and the ridge in the roof is separating that he won't fix is this house worth 100,000 or are we getting ripped off
Flag Wed Jan 18, 2017
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