How much should I offer for a mobile home?

Think carefully before buying one with fewer bedrooms. Much less desirable for purchase, resale and rental.

There is no standard. Some sellers are insulted when an offer is too low from asking price, particularly when it's first on market. 10% is not unreasonable. But if it's so much less than others, and fresh on market, he may not be willing to move down much. Be prepared for seller to a)ignore your offer, b)raise your offer, c)accept your offer.

Be aware that trailers decrease in value, don't appreciate in value like a traditional home. Also, you may or may not own your land, and be prepared for your lot rent to be raised, increasing your costs.

This home is priced at 2/3 of what the other stuff is priced at, and you want to try to lower the price. By the time you read this, the seller may already have a few offers to look over. Run, don't walk to the phone and tell your Realtor that you'll offer $100 OVER full price.

I hope you already have your financing in place - otherwise don't waste the paper just yet.

be very careful about buying a mobile, if it is pre 1977 u r not going to be able to get financing because of the insulation being formaldehyde. spelled that wrong i bet, lol, also dont forget lot rent, selling could be a problem down the road also due to park rules and regulations, be sure to get a copy of these before you make a firm committment to buy, as for your question offer what u think it is worth u never know the sellers reasons and as long as it is reasonable the seller will probably counter if they dont accept your first offer, gl.

I live in the Midwest. and a new mobile home will cost as low as $20,000 So the answer begs to know where you are located. Also in buying a mobile home, in our area, the insurance companies will not insure a home over 5 years old. Same with some banks on loaning the money for same.

Please give a bit more info

Depends on how much cash you have. Do you have 18k plus closing costs, what about the land, do you have the cash to move it to your property and pay for foundation and hook ups. Do some more research before you put in an offer. You will not even get a counter offer on the 15,000

I would recommend one to try this site where you can compare quotes from the best companies: http://coveragequotes.net/index.html?src=5YAofhgdD...

RE :How much should I offer for a mobile home?

I am looking to buy a mobile home that just came on the market yesterday. It is the lowest priced home available in my area, $10,000 cheaper than the next one up, although it does have one less bedroom. They are asking $19,900. Since it's new on the market and priced so much lower than others, I know the seller is not going to sway too much in price. Is there a "standard" to go by? Such as 1%, 3% etc... under asking? This is the first time I'm purchasing a home since my divorce. I don't want to overpay. But this is probably going to be the ONLY thing I can afford. 2br apts go for $900+ in my area. I'm living with my grandmother right now and just want a place of my own!

Update: I'm not new to trailer park living. I live in one now so I know all the little details. Lot rent, insurance, depreciation, etc...

And yes, this is fairly low priced compared to others on the market, but the others have been on the market for at least 6 months and a couple for up to a year or more. I certainly don't think it warrants offering MORE than asking price. The fact is that trailers really don't sell well and this seller obviously wants to get rid of this one. I agree with the person who said 10%... that seems reasonable to me. Thanks!

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