Posted by Todd(AZ) on August 28, 2006 at 09:29:27:
PC, An RV is a recreational vehicle that has an engine and is driveable, such as those you see the older “snowbirds” driving in to warm climates in the winter months. A mobile home is larger, no engine, and is what you see pictured in Lonnie’s books. Although the word “mobile” is in it, they usually are never moved once placed by a mobile home mover in a mobile home park. They are a minimum of 10’ wide (60’s models) and are too wide/big to just tow down the street by yourself with a pickup legally. Now, a TRAILER can get slightly confusing. Some people use that term for a travel trailer (8’ wide, towed by a pickup easily, no engine). Others, however, use the word interchangeable when they are describing a mobile home above. There you have it, as best as I can describe it. Todd (AZ)
Posted by Brenda (OH) on August 25, 2006 at 16:21:08:
Hi Prashant,
Glad to see you are still learning the biz, despite being in the big city of Toronto!!!
another term you need to be aware of is “RV”, that one has a motor and a steering wheel…
on a more serious note, I visited a park that was mobile homes and RVs both. I wondered if they both were paying $325/month rent, which is what I was told the lot rent was there…
Well, I buy trailers and sell mobile homes/homes, I hope that helps you over your bump in the road and it should also help you to see the difference in price as well.
Posted by Ruben (KCKS) on August 25, 2006 at 20:41:19:
John hit the nail on the head.
When talking to a seller it is an old trailer. Something not worth much so what will they take for all cash today.
When talking to your buyer it is a mobile home. An affordable option to renting and a home they can own in just X amount of payments. Now how much down do you have and how much can you afford a month?
Sorry I am showing my latest rehab to a couple of prescreened customer’s tomorrow and was just getting my selling groove on.