4 Tips For Purchasing A Used Mobile Home
You might have decided to purchase a used mobile home so that you will have an affordable place to live. If you're looking to buy a used mobile home, you'll probably want to know about these useful tips.
1. Determine Where You'll Keep It
First of all, you're going to have to determine where you're going to keep it. If the mobile home is being sold without land, then you can ask about renting the lot that it currently sits on. If this is not an option, then you'll either need to buy or rent a lot to put it on. Once you find a lot, you'll need to find out about moving the mobile home to its new lot. It's important to look into all of these things and to come up with a plan before you shell out the cash to purchase a used mobile home.
2. Check It Over Carefully
Next, you will want to check the used mobile home out carefully to look for any problems. If you don't mind doing a little bit of work yourself, you might be able to find a great deal if you purchase a used mobile home that needs some work. However, you will want to know about the condition of the roof, the flooring, the walls, and the other parts of the mobile home. If there are problems with the mobile home, then you will probably want to check into how much it will cost to make the repairs.
3. Determine How You'll Pay for It
You'll need to come up with a plan for how you will purchase a used mobile home. You probably will not be able to get a traditional mortgage for it. Many people pay for used mobile homes in cash, or they take out unsecured loans from their bank or another lending institution.
4. Learn About the Title and Registration Process
Lastly, you will want to learn about the title and registration process for your used mobile home. In many states, mobile homes are titled just as cars and recreational vehicles are. This means that you will probably need to go to a title and registration office to get the mobile home titled in your name.
Purchasing a used mobile home might be the perfect housing solution for you. Of course, though, you'll need to know about the four things above when making this purchase.