Posted by Ernest Tew on October 05, 2003 at 05:57:45:
Mostly, you have two choices: Sell your home to someone with credit problems and hold the financing; or, sell it to someone in the business at a low price and get cash. The price will need to be low so that the person doing the work and taking the risks can make a profit. Essentially, that is what this forum is about.
Given a choice, most people would prefer to live in a nice conventional home. Typically, renting an apartment or buying a mobile home is their second choice or a temporary arrangement until they can buy a conventional home.
Today, with low interest rates and easy financing, just about anyone with a pulse and reasonable credit can get a thirty year loan to buy a home if the land is included.
When interest rates increase and obtaining a loan becomes more difficult, buying a mobile home with seller financing will become more attractive. That will probably happen after the next election.