Mobile Home Question - Is There A Deal?
Hello. I live in San Francisco Bay Area. The prices on Mobile homes here are rather high: 50-150K.
I found a mobile home in a very nice area for only 7K. It is 3/2 with 1500 sq ft The reason for low price is park rent: $1200/month. Has anybody moved a mobile home to a different park with lower rent? Is it expensive to do that? Could there be a potential deal here?
By the way the lease on the home is until 4/2005.
Thanks very much.
Alexander.
ALEXANDER --
Yes, I have been involved in about 30 mobile & manufactured homes to be moved as part of dealing in parks & mobile homes.
QUESTIONS:
1) What is the year of your mobile home?
2) Most parks only allow brand new homes to come into their park
3) A few parks will allow a home to come in that is just about 1-5 years old
4) Lesser quality parks with vacancies will probably be happy to accept an older mobile home
5) Cost to move a mobile home. Sounds from the 1500 sq ft that the mobile home is a double wide.
6) Depends how far to move it and if you were going to do any of the "tear down" and help "re-set it up". And what extras are included (decks, awnings, sheds)
7) But if you need it fully done professional (tear down, prepared for transport, moved, fees, pilot cars, new park foundation at other park (California requires new foundation set "tie-down" about $1500), re-set up, new skirting (old rotten skirting usually can not be re-used). Try around $10,000
8) Call local people in your area. Check the yellow pages "Mobile home transport"
9) The best mover contractor I use is Bill Carr (916-663-2202) in Northern California. Excellent knowledge and service !
Cheryl Lopez[ Edited by JohnLocke on Date 07/04/2004 ]
Hi, Cheryl. Thank you for the feed-back.
Can moving a mobile home to a different park then increase value of the home?
Thanks, Alexander.
ALEXANDER
YES, the value of a home in a park is two fold:
1) HOME
2) PARK THAT IT IS IN
I had a buyer purchase a 14x64 1989 Skyline 6 years back in Granite Bay, Placer County, in a 2-Star family park for $9,000, on small lot, next to several bad old mobiles.
They moved it to a nicer family park in Sacramento County 4-Star , on an extra wide cul-de-sac lot. The seller just listed it me with last week for $35,000 and we already have a buyer wanting it for $30,000.
Value really increases when you move mobiles or manufactured homes out of a park and onto land !
Call Bill Carr to help you on moving.
Good Luck
Cheryl Lopez[ Edited by JohnLocke on Date 07/04/2004 ]
Thank you.
Who is Bill Carr?
Alexander.
ALEXANDER --
I made reference about Bill Carr in my first post to you. I listed about his company in #9. Below is a cut & paste of that section.
9) The best mover contractor I use is Bill Carr (916-663-2202) in Northern California. Excellent knowledge and service !
Cheryl Lopez
[ Edited by JohnLocke on Date 07/04/2004 ]
Thank you Cheryl.
I have never bought a mobile home before and would like to clarify the following:
1) If I rent it out who pays for utilities: tenant or home owner?
2) Is insurance required on the mobile home?
3) Are taxes included in the park rent?
4) What other expenses will I need to take care of during renting out the mobile home?
5) Is there a purchase contract for a mobile home?
Thank you very much,
Alexander.
ALEXANDER --
FIRST you probably WILL NOT be able to rent it out. Parks do not allow rentals ... need to be owner occupied.
You can buy it and then sell it with owner finance as an investment.
Good Luck,
Cheryl Lopez, Broker
Thank you Cheryl.
Currently the home is under lease until Apri 2005. The lease is 1200/ month.
Is there a way to break the lease if I buy the home. Are the park owners somitimes are willing to negotiate on the rent amount?
Thanks,
Alexander.
Parks dont allow rentals? That is not always true!
In fact, some Parks do not care provided they can be invovled in the qualifying of who the renter is.
Other Parks, will simply give you a criteria they must meet ...
So keep looking
Mark
ALEXANDER --
What are you exactly referring to about the "lease"?
1) Is that what the current owner signed as part of them LIVING in the park?
2) It is generally not a lease that requires the home to STAY in the park.
3) The 30 pull outs I have been involved with in California park civil code requires the home owner to give 60 days written notice to park that the home will be pulled out.
As far as the GA statement that parks do allow residents to rent their homes out. Honestly, in 14 years and in dealing in many parks in California ... I can not remember or say one park that will allow residents to rent out their homes.
Now I do know of many parks that the park owners have rented and that is allowed in the California civil code.
You as asking all the right questions.
Cheryl Lopez
Hi, Cheryl. I appreciate your feedback.
My understanding is that the lease is with the owner until April 2005.
Are you saying that I could break the lease if I was to move the home?
Please clarify.
Thanks, Alexander.
P.S. Perhaps it makes sense to look at the lease.
Quote:
On 2004-07-05 19:12, cheryllopez wrote:
ALEXANDER --
What are you exactly referring to about the "lease"?
1) Is that what the current owner signed as part of them LIVING in the park?
2) It is generally not a lease that requires the home to STAY in the park.
3) The 30 pull outs I have been involved with in California park civil code requires the home owner to give 60 days written notice to park that the home will be pulled out.
As far as the GA statement that parks do allow residents to rent their homes out. Honestly, in 14 years and in dealing in many parks in California ... I can not remember or say one park that will allow residents to rent out their homes.
Now I do know of many parks that the park owners have rented and that is allowed in the California civil code.
You as asking all the right questions.
Cheryl Lopez
ALEXANDER
1) First you need to talk to movers. The price of moving a double wide from a park to another park or now you are talking about from a park to land ... in generally about the same. As far as the tear down & set up. Of course more costs invovled on land. But you definitely need to start talking to actual movers. Get out the yellow pages and call and start asking your questions to the people that do that for a living and are experience and can quote prices as to the move and where you want to take it.
2) Get the copy of the park lease from the seller of the home in a park. You have not said what year is it. Anything older than 1976, most counties will not allow it to go on land. Need the year of the home. The "lease" are for the park resident living in the park ... I doubt the lease will require the home not to be removed off property until the lease expires. And if the lease states that ... it conflicts against the Civil Code
3) Pull out notice "60 days written" is provided in the California Civil Code that parks are required to follow. Every park residents receives a copy every year. Ask the seller to receive one for your review.