? on a possible deal - Posted by Pam (PA WV)
Posted by Pam (PA WV) on June 10, 2006 at 20:12:16:
I am going out to look at a 1985 3BR 2BA mobile home that by looking at some pictures seems to be in excellent shape. In a park that year mobile would sell for about $10K cash (obviously more on a note).
The couple is willing to give away the mobile home for free, but it needs moved. It is on private land and they are getting ready to build. The mobile has a title separate from the land deed.
The BIG problem is it sits over a walk out basement. I’m told would need to be lifted by crane to set it on wheels. From initial exploration, I suspect it would cost about $4000 to move it to a park, with the majority of the expense in the crane work.
The owners have about a month to find some way to get rid of the home, and I know they have been looking for someone to take it for over a month. A number of people have checked it out. So far all of them have turned them down. I talked to a couple that turned them down, and they told me the place is extremely nice, but they just can’t afford to pay to have it moved.
My plan is to go out tomorrow and look it over. Hopefully it is as nice as the pictures show. However, I intend to turn the offer down…unless they would be willing to pay for the crane crane to lift it off the basement.
I know these people are getting desperate, and right now, I’d have to borrow from my 401K to finance the move, so I’m not willing to pay for it all and then still deal with lot rent, advertising, etc. until it’s sold.
Not sure what will come of it, but I’d appreciate any thoughts and advice.