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Is a 1979 singlewide mobile home (fair condition) worth a trade in on a new doublewide?

We currently own our land and 1979 Skyline singlewide mobile home. We want to purchase a new doublewide, and are wondering if our singlewide trailer is worth anything?

savior70's picture
savior70 | Joined: March 25, 2009 05:14 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi,

The sale of the old 1979 singlewide mobile home might not be easy. The reason i say this is, such old mobile homes have low life expectancy and do not qualify for a mobile home loan. But since it is in fair condition, you can try to sell it. You may find a prospective buyer who could be interested in buying the property from you. So, I'd say it's worth a try to sell the home.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:44 | Post subject:

robert.smith2005's picture
robert.smith2005 | Joined: May 22, 2009 07:49 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Those mobiles homes which are build before 1976 do not qualify for home loans as lenders are concerned about the quick depreciation of such properties when they compare it to site-built homes.

The manufactured home must follow the building standards proposed by HUD under the Federal National Manufactured Housing Construction and Safety Standards Act of 1974.

The HUD code requirements are as follows:

1. The houses must be built as one, two or three section homes. They should be located in a protected building center. The homes should be transported on a frame to be installed on the site.

2. The mobile home should be fixed to the ground to give it a permanent foundation and the wheels and axles should be removed.

3. You will have to record form 433(A) which states that the home is changed from personal to real property because of it's permanent foundation.

The homes should comply with the HUD code restrictions for construction, design, durability and strength, fire resistance, energy efficiency, transportability and quality.

The property should maintain high standards for heating, plumbing, air conditioning, thermal and thermal systems.

The property must pass through strict inspections conducted by third party.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:44 | Post subject:

annyb27's picture
annyb27 | Joined: July 7, 2009 03:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Robertsmith covers almost all points.
As per strength and durability of mobile home in 1979 mobile home is a questionable thing.It is better if you can sell it.
Try to contact your local lenders who will definately help you to sell it.Try hard because if you can sell you will be benefited that what i think as per analyzing your query.
Best of luck

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:44 | Post subject:

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