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Updated almost 11 years ago on . Most recent reply

User Stats

6
Posts
4
Votes
Jonathan Kennedy
  • Fort Lauderdale, FL
4
Votes |
6
Posts

Mobile Home and Land in Florida

Jonathan Kennedy
  • Fort Lauderdale, FL
Posted

New guy here, hoping someone has good advice for me:

I have a guy who wants to sell his mobile home, land included, in Holly Lake Mobile Home Park in Pembroke Pines, Florida. He is asking $20k cash. Based on MLS comps, other mobile homes in the park have been selling, on average, for around $40k or $45k in the past 6 months. The lowest was $25k (needed a new floor), and on the high end there were a couple in the 6 figure range. Many of these comps were for homes dated around 1980, which is similar to the one I'm looking at. All comps were closed sales, not active, and some closed in less than 30 days.

I'm going to look at the home today, at which point I'll determine what sort of shape it's in and the make and model. If it's in decent shape, I'm considering taking the guy up on his offer (but going in low, around $15k or $16k), and then listing the property as a Realtor to see if I can get at least $30k or $35k. Unfortunately, I really have very little experience with mobile homes, and I'm wary of getting myself into something I don't completely understand. What should I be looking out for here? Does anyone have experience buying and selling in Holly Lake Mobile Home Park?

Thanks in advance,

Jonathan

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