956,052
There is a buyer for most everything. Accentuate the positive, strategically price it, but also disclose it is a manufactured home and FHA ineligible upfront. That is about all you could do.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Dorie Dillard Austin TX
Austin, TX
-
Kathleen Daniels, Prob...
San Jose, CA
-
Susan Haughton
Alexandria, VA
-
Richie Alan Naggar
Riverside, CA
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Fred Griffin Florida R...
Tallahassee, FL
1,624,653
Well, price probably reflect it? In my area, they are very popular since much more affordable than anything else.
-
Inna Ivchenko
Encino, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Pete Xavier
Pacific Palisades, CA
3,988,013
Contact the local banks and see what financing you can get lined up on this. Then market to the group that this will fit.
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Nina Hollander, Broker
Charlotte, NC
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Kat Palmiotti
Kalispell, MT
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Debe Maxwell, CRS
Charlotte, NC
-
Susan Haughton
Alexandria, VA
-
Todd Phillips
Phoenix, AZ
54,940
Tell the story - I believe every home has a story. What is the one that this one can tell the next owner who sees it as their perfect lifestyle? As Pete states, get the objection out up front. Why waste time on people who are going to reject it. Focus on the features that will sell it to the people who will love it.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Margaret Rome Baltimor...
Pikesville, MD
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Pete Xavier
Pacific Palisades, CA
6,416,949
I would likely do what Pete X suggests.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Susan Haughton
Alexandria, VA
-
Pete Xavier
Pacific Palisades, CA
5,583,328
finance it with a source other than FHA and then target market the group of potential buyers with direct mail marketing introducing the property....
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Susan Haughton
Alexandria, VA
2,221,377
You have some great answers here Danielle Jones good luck to you.
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
5,026,259
I'd say Pete Xavier with X Group Real Estate Advocates covered this question!
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Pete Xavier
Pacific Palisades, CA
7,862,595
Focus on investors and a price that would work for a rental property.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Susan Haughton
Alexandria, VA
1,505,903
Between Inna Ivchenko and Pete Xavier with X Group Real Estate Advocates I think you have the best answer. Price, other loan options and target your marketing to those people.
-
Inna Ivchenko
Encino, CA
-
Pete Xavier
Pacific Palisades, CA
5,772,575
I agree with Pete Xavier with X Group Real Estate Advocates
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
3,349,239
Target marketing to the buyers the property will work for. I agree with Pete Xavier with X Group Real Estate Advocates and others.
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Debe Maxwell, CRS
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
2,684,569
Market it as affordable housing.
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
3,071,489
Pete Xavier with X Group Real Estate Advocates nailed this one!
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Pete Xavier
Pacific Palisades, CA
5,112,281
Price it right... appeal to the right market? Find a lender and then market it with the financing in place for qualified buyers. I won't list manufactured homes in general because they are hard to sell here. It's just not in my wheelhouse.
-
Pete Xavier
Pacific Palisades, CA
5,253,385
I agree with Pete Xavier with X Group Real Estate Advocates - target that small percentage to the max! Good luck!
-
Pete Xavier
Pacific Palisades, CA
554,600
I agree with the other answers - look at other lending options. There are 3% down Conventional loans now - would that product work with this property? Would the owner consider owner financing? Although financing is certainly a big hurdle, this will be someone's dream home - what other attributes does it offer? Any incentives the seller can offer - like paying closing costs, for example?
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Debe Maxwell, CRS
Charlotte, NC
1,552,964
Price. 99% of the time it's over priced or the value is under marketed.
Target Market that niche group
Price.
-
Debe Maxwell, CRS
Charlotte, NC
259,317
Had to edit my answer as I hadnt read the fine print.
Investor who likes rentals?
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Debe Maxwell, CRS
Charlotte, NC
86,514
You can always say NO to a listing. Is it the highest and best use of your time. Nothing on your license states you have to take a problem listing. I don't touch mobile or manufactured homes in a park. Bigger fish to fry somewhere else. But at first blush you discount the heck out of it!
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Pete Xavier
Pacific Palisades, CA
1,712,776
2,784,416
Consider getting the money out of it as a rental if pricing strategy fails
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Pete Xavier
Pacific Palisades, CA
2,071,025
5,877,189
3,986,308
4,434,177
2,187,462
Hi Danielle,
You've received lots of useful comments. My only addition would be to have the owner consider a small carry-back to offset the disadvantage of no FHA financing option. This still gets them a good price but some of the payment is delayed, which isn't necessarily a bad thing. In reality, price is rarely an issue. It is the monthly payment that people care about. Make the terms attractive and doable.
1,846,861
1,466,257
991,152
4,800,132
921,504
Only suits a small percentage of the market.
Define that percentage.
Locate that percentage. (movable houses and CL and other DIY options work well together)
Use words that stimulate that percentage.
Price to motivate that percentage.
Wait. Price compresses the waiting time.
3,416,038
You figure who the most likely buyer is and market to them. When a listing appeals only to a few, most often it is a lower price that will attract that buyer
3,167,489
4,319,773
Danielle Jones - well, you know that segment so find out how to penetrate that segment.
5,238,594
Price, condition, location are the magic considerations. The market is still small!
1,241,754
469,510
A manufactured home that's been moved twice probably is not going to qualify for financing on any big bank or gov backed loan. It's out of the box and out of the box is not a good thing when it comes to financing. I know of two options - one would be to offer owner financing and the second would be to contact your local credit unions and see if they will finance it. In our area we have three credit unions that finance such situations. Of course another option is to be priced low enough to attract a cash buyer - could be easy if the rents are good in the area.