What is your market like? - Posted by GL(ON)
Posted by GL(ON) on January 25, 2002 at 11:21:12:
What are similar homes going for in your area? In my area one like that would be worth $45,000 in a park, less than $5000 out of a park.
That is not a misprint. There are only 2 MH parks in my county and there will never be another one. It is also illegal to put a MH anywhere besides a MH park. Therefore a MH on a park site is worth a premium price.
I point this out so you will know how much local conditions affect values. You need to do more homework.
Having said that, I can’t believe you could buy the place at that price and make money. Also there must be way better deals around.