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Old 04-11-2018, 05:29 PM
 
Location: Cary, NC
31,621 posts, read 55,349,802 times
Reputation: 30183

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Quote:
Originally Posted by beckycat View Post
Well, they called Clayton Homes today with a serial number and found out the home is a HUD home. The sellers are advertising it as an on frame modular. The seller's said it's definitely a modular because of zoning where it is. My friends had a contractor set up to look at it for an accurate estimate to be turn key but have since cancelled now they found out it's a goosed-up double wide. It was a nice looking home though.
Ouch.
I think they dodged a bullet.
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Old 04-12-2018, 10:04 AM
Status: "Summer, please don't leave!" (set 10 days ago)
 
Location: Asheville, NC
11,480 posts, read 25,714,158 times
Reputation: 4214
Quote:
Originally Posted by MikeJaquish View Post
Ouch.
I think they dodged a bullet.
Yes, I agree. I told them to call. If their zoning wasn't specific, they may have ended up with it.
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Old 04-12-2018, 11:04 AM
 
Location: Cary, NC
31,621 posts, read 55,349,802 times
Reputation: 30183
What would they pay for a new mod of similar size and finish?
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Old 04-12-2018, 02:47 PM
Status: "Summer, please don't leave!" (set 10 days ago)
 
Location: Asheville, NC
11,480 posts, read 25,714,158 times
Reputation: 4214
Quote:
Originally Posted by MikeJaquish View Post
What would they pay for a new mod of similar size and finish?
The problem is a new mod isn't in their budget. It would come out to well over $100k plus whatever else needed to make it turn key. They got really excited when this one popped up because they could make it work. It's not often and very rare to see a used modular come on the market. The thing is, it looks very nice but it's technically a double wide. They don't want to own a home that depreciates over time.
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Old 04-16-2018, 06:36 AM
 
Location: Phoenix AZ
5,920 posts, read 10,451,397 times
Reputation: 9226
Quote:
Originally Posted by beckycat View Post
The problem is a new mod isn't in their budget. It would come out to well over $100k plus whatever else needed to make it turn key. They got really excited when this one popped up because they could make it work. It's not often and very rare to see a used modular come on the market. The thing is, it looks very nice but it's technically a double wide. They don't want to own a home that depreciates over time.
If they're in a neighborhood where everything is $200 /sq ft, how are they expecting "depreciation" at $40 sq/ft?
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