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Just because the sellers need that price to break even, it does not mean, that is the right price for the buyer, you are being too nice, & imo, they are taking advantage of a friendship. Plus if it is that close to a lake, you also may need to buy flood insurance.
Reconsider a trailer park, you can find some good deals, & they are often inhabited with nice people. It is an affordable option for many people.
Just because the sellers need that price to break even, it does not mean, that is the right price for the buyer, you are being too nice, & imo, they are taking advantage of a friendship. Plus if it is that close to a lake, you also may need to buy flood insurance.
Reconsider a trailer park, you can find some good deals, & they are often inhabited with nice people. It is an affordable option for many people.
Trailer parks are horrible deals, you pay rent forever, it goes up each year and if they decide to sell the land you are stuck shipping your home to the junk yard, because unless it's newer, 10 years old or less, no other park will take it.
I wonder if they even sell flood insurance for an older mobile home. I bet the thing is only worth $1000 and would just float away and he can live in a houseboat.
What about owner financing? Have a lawyer draw up the papers.
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