Should I purchase it?

[Eric Gard]

I'm going to check out a 2 bed 1 bath mobile home tomorrow. Everything sounds good, he had to move for his job. He is asking $8000 or $3000 down payment and make payments.

The mobile home is a 1972 14x60.

He completely remodeled the inside, hardwood floors and new carpet, includes gas oven, gas stove, microwave, no dishwasher, gas furnace, no washer or dryer.

Second bedroom is tiny

Is there demand for this kind of mobile home usually?

I think I read somewhere, plan to hold it for 45 days?

What do you think would be a good cash offer for this?

I'm totally new to this, so any advice would be awesome :D

[Terry Drake]

Even if you did pay too much for it, don't fret. I'm pretty sure all of us paid too much for our first deal.

If I were you I would take care of all the ''must fix'' stuff before you worry about the 'would like to fix'. If at the end of the repairs you still have room in your budget then go for the optional repairs.

Can you post some pics of the inside/outside?

As far as your question goes about the wood paneling.. I recommend having it painted if you can. Paint is cheap and makes a world of difference. I really didn't consider it until people were telling me my homes were old (even though they had new carpet, flooring, ect) so I wondered what I thought made the home look old. The old 1970's paneling, that's what!

If you are using KILLZ primer, buy OIL BASED KILLZ. If it's not oil based, then the water stains you are trying to cover will bleed through still.

I wouldn't worry about the wavy ceiling. You are selling these homes because of TERMS not because their luxary.

I certainly wouldn't buy a washer or drier for it either. If you buy a stackable, a buyer might think it's too small. If you buy full size the buyer might think it takes too much room. Leave it as is and advertise "Washer and Drier Hook ups!" Let the buyer use their imagination and their pocketbook.

One last thing to mention.. tearing up and replacing floors is very labor intensive. If you can, screw the new plywood right over the old plywood. Also if you can find 3/4 OSB board it's about half the price of plywood.