Q:

How do you buy cheap manufactured homes?

A:

Quick Answer

To buy cheap manufactured homes, do some research, determine a budget, negotiate the cost and obtain legal documentation. Manufactured homes are often larger than traditional mobile homes but still posses similar features and benefits, notes State Farm.

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Full Answer

Before buying any home, be sure to learn more about buyer's rights, states the United States Department of Housing and Urban Development. Below are some of the steps involved in buying cheap manufactured homes.

  1. Do some research
  2. Start by browsing through online resources that offer information regarding the various types of manufactured homes available. It may also be a good idea to use websites that list houses on sale.

  3. Determine a budget
  4. Determine the amount of money available for purchase and use it to narrow down the search to manufactured houses that fall within range. Talk to financial institutions that provide housing loans, if necessary.

  5. Negotiate the cost
  6. Start negotiating the cost with the seller. In certain instances, it may be a good idea to hire a real estate agent to do the negotiations.

  7. Sign the paperwork
  8. Go over the terms and conditions set for buying the manufactured house. Hire the services of a lawyer to make the legal paperwork faster. Sign all the agreements and make payment.

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