Comments on: Owner Financing of Manufactured Homes http://owner-financing.com Owner Financing Primer Sat, 10 Sep 2011 15:04:55 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: admin http://owner-financing.com/owner-financing-of-manufactured-homes/comment-page-1#comment-1008 admin Fri, 22 Apr 2011 15:42:52 +0000 http://owner-financing.com/wp/?page_id=32#comment-1008 By permanent land do you mean the home is on a permanent foundation that meets all the requirements for the property to appraised as a home per HUD rules? If that is the case the discount should be similiar. Any other circumstances and I would expect a much bigger discount. Why? Lots of investors don't like manufactured homes. They are perceived as lower quality, less likely to pay, and more easily damaged. None of those things may be true, but that is how they are seen. A few years ago a dealer told me that if the same manufactured home were set up as a modular home on a permanent foundation he had 30+ possible financing sources. For the same home set up as a mobile home he had three. I suspect he will have to take a huge discount to sell it at all. By permanent land do you mean the home is on a permanent foundation that meets all the requirements for the property to appraised as a home per HUD rules? If that is the case the discount should be similiar.

Any other circumstances and I would expect a much bigger discount. Why? Lots of investors don’t like manufactured homes. They are perceived as lower quality, less likely to pay, and more easily damaged. None of those things may be true, but that is how they are seen.

A few years ago a dealer told me that if the same manufactured home were set up as a modular home on a permanent foundation he had 30+ possible financing sources. For the same home set up as a mobile home he had three.

I suspect he will have to take a huge discount to sell it at all.

]]> By: Tiffany http://owner-financing.com/owner-financing-of-manufactured-homes/comment-page-1#comment-1007 Tiffany Fri, 22 Apr 2011 15:30:26 +0000 http://owner-financing.com/wp/?page_id=32#comment-1007 My father wants to sell his manufactured mobile home (permanent land) note. Can he expect to recive a lower price for this type of note vs. a SFR permanent structure? If so, why? My father wants to sell his manufactured mobile home (permanent land) note. Can he expect to recive a lower price for this type of note vs. a SFR permanent structure? If so, why?

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