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Updated over 3 years ago,

User Stats

38
Posts
2
Votes
Richard Stephens
  • Homeowner
  • Aledo, TX
2
Votes |
38
Posts

Mobile on land wont sell

Richard Stephens
  • Homeowner
  • Aledo, TX
Posted

Hello all BP's community,need some expertise advice/answer please as to why our 1996 Palm Harbor doublewide  mobile home with an extra older 3-1 mobile on the 1/2 acre of land.In a highly sought after $300k-Mega Millions lake area and were the only mobile within miles and being on the market for 70 days can not sell.Had buyers attempt a loan and were denied for having a second mobile on property,then the lender said will approve if remove 2nd mobile within 2 wks. of closing.Then buyer paid for an inspection that i feel would of killed any deal,(60 pages of negativity,down to a door stop missing)next thing we know we recieved the buyer's $300 earnest funds.Do you feel the inspection killed the deal or do the lenders just dont want to loan on the mobile homes market in general is my primary question. Also,while I have yall's attention I wonder do lenders pull up appraisal districts just to get a ballpark figure as to a homes value before approving a loan.If so were shot down big time because were asking for $220k and appraisal district has us around $43k even with the 2nd home that is being lived in but needs work. The Palm Harbor is in great condition,has real brick skirting on 3 sides has wheels and axles removed along with tongue.Not sure if its considered "Real Property",it has typical cinder blocks along with strapping underneath the home.Does Real Property classification on a mobile make the difference for a loan approval.Thanks so much yall

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