October 2009 Archives

3
kristinad21 asked:

We have a nice 1994 fleetwood (pretty sure that's what its called) mobile home. It has 3 bedrooms and 2 bathrooms. It's in a park so no land. We are just out growing it. We have 3 children and very little space. There are minor things that need done and we will do these things before we sell. We got a really good deal on it because the other owners just wanted to sell it fast. So we are hoping to make enough to pay it off and have a down payment for a bigger home. We have only lived here a little over a year. thanks for the help.
we live in the country. Lancaster county pennsylvania
it is a very nice park. We HAVE to keep up the yard and things like that. We got a loan just fine with our bank and didn't even need a down payment.

Sell By Owner

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6
Bubbles asked:

-And every year there's more than 40,000 toliet injuries in the US
-The average person spends three years of his or her life on a toilet.
To sell your home faster, and for more money, paint it yellow.
-in the 1830s, ketchup was a medicine
-Betsy Ross was born with a fully formed set of teeth.
Dartboards are made out of horsehairs.
-The average person falls asleep in seven minutes.

I just thought you would like to know these facts, lol.

Pick which one you think is the most interesting, and if you have one that is interesting, tell me

BTW, im posting this again because, once again, i barely got any answers

Buy Home Bad Credit

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1
tough asked:

I have a 1997 Liberty 14x52 mobile home in Missoula, Montana. The area is growing faster than imagineable and is a great university town. Payments are low and so is lot rent, but being a divorced single parent is difficult and has brought hardships which I'm recovering from.

I know about eBay, but what are some other creative options? I don't want the responsibility of renting the house. I want to cut my ties with it and move on.

What is the best option in trying to sell a mobile home when you don't earn a lot and would like to move to another state quickly?

Professional real estate agent's suggestions are very welcome and highly recommended at answering this question.

Sell By Owner

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2
outdooreli asked:

I'm a first time homebuyer. I figure that when I get the house paid off the value of the dollar will be much different than it is today. How can I wrap my head around this?

A generic example: Purchase $100K (I wish!) home today. For the sake of discussion, lets say I sell it the minute the loan is paid off. So, I'm spending 2009 dollars and "cashing in" on 2029-2039 dollars (depending on how fast I can pay), right?

Here is where I get stuck. If I sell the home for, lets say, 200K in 2039, the "net" profit would be 100K. But taking into account the inflation, I would guess that 100K in 2009 dollars would be worth close to 200K in 2039 dollars. So no profit at all, maybe even a loss. Does that make sense? Feel free to ask me to clarify if I am confusing or confused.

I know we can't predict the future, but I would like to know a bit about the theories in practice.

So, Theoretically, if inflation continues at its current pace, how much will a 100K house need to be worth in 2039 to realize any profit?

I also don't see how housing values can climb forever, but that's for another question.

Thanks.

Buy Home No Qualifying

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