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Updated about 13 years ago on . Most recent reply

User Stats

23
Posts
10
Votes
Scott C.
  • Rehabber
  • Wilmington, NC
10
Votes |
23
Posts

replace HVAC or not?

Scott C.
  • Rehabber
  • Wilmington, NC
Posted

I recently looked at a 1996 singlewide MH and found out from the neighbor the HVAC unit didn't work. I deliberated too long about what to do about the problem and the unit sold before I made a decision so now I have some questions about how you all would go about the situation.

The asking price was 5k. Most of the people in the park were paying about 350/mo for just the house so at 16% int and 48 mos gives a price of ~12,500. My HVAC quote was about 3k for new A coil/heat pump/condenser installed. I would've had about 7-8k into this house if I had bought it and put in new HVAC so my question is would you have: 1. put the new HVAC system in and increase the # of years of the note for a higher price 2. put window units in and charged around 12.5k or 3. not put any money in and just sold it as-is for a cheaper price? Also, what percentage do you require as a down payment? Is it reasonable to expect to get atleast 5k down from a buyer if I offer financing?

Most Popular Reply

User Stats

15,182
Posts
11,270
Votes
Joel Owens
  • Real Estate Broker
  • Canton, GA
11,270
Votes |
15,182
Posts
Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Scott definitely a lemon deal. Be happy someone else bought the dud.

I don't own mobile homes but my mom's friends have owned 50 for about 40 years.

With anything the total cost affects returns.You will find a better deal.

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