We have an contract in on a house, the first one we both liked and loved the huge lot and could actually see ourselves living in and expanding and turning into OUR OWN dream home. It was a great location, decent sized and we had been telling everyone in our family about it really thinking it was the house we were gonna buy. But now that we got an initial inspection on it we're not so sure and my dh is getting all excited and talking up a storm about just buying a piece of land and getting a manufactured home put on it. I'm not totally against this idea because they do have some really great ones for us to choose from and because it would actually be less work on our part because the program we'd be going through does everything for us pretty much and we just have to choose the design and paint colors and appliances and such... But i'm really worried about how much longer that would take, about the cost of the land + foundation set up + actual home cost and whether it would be within our budget. My dh is approved for the max amount in our rural area but we really didn't want to spend that much, in fact the offer we put on the house we have under contract is 50k less than his loan approval amount! But there are some major things that have been brought to our attention and it might cost too much to fix them that the house wouldn't even appraise for that much :-/
So what would you do? Would you move forward with buying a house that you do like but would have to change or add-on to later OR would you cancel the contract and move towards buying property and getting a manufactured home?
Answer by GlitteribonMom at 11:14 PM on Aug. 21, 2012
Answer by slw123 at 3:05 PM on Aug. 6, 2012
I would counter the seller with wanting some kind of assurance that there is forced air and then ask for a home warranty paid for by the seller (just in case something does break down, you would have minimal cost at least within the first year). The other's are right, the manufactured home will not increase in value like the other one. Better to have something that's actually an investment. Good luck!
*also, just thought about this, but you could also ask them to have the water heaters serviced in your counter offer in addition to asking for a 1 year home warranty. The worst the seller can do is say no.
Answer by QuinnMae at 4:40 PM on Jul. 15, 2012
Answer by booklover545 at 4:11 PM on Jul. 15, 2012
Answer by tasches at 5:44 PM on Jul. 12, 2012
Answer by tasches at 5:43 PM on Jul. 12, 2012
Answer by jewjewbee at 12:21 PM on Jul. 12, 2012
Answer by kimigogo at 11:59 AM on Jul. 12, 2012