5 Ways to Get the Best Deal Possible When Purchasing a Mobile Home

More and more people are now living in mobile homes and for good reason. Mobile homes offer the luxury of homeownership without much expense and hassle. Not to mention they require less upkeep as compared to traditional homes. If you are considering buying a mobile home, then you will need to take certain measures to make sure that your investment is protected and you get the best deal possible.

Following are 5 ways to get the best deal possible when purchasing a mobile home:

1. Shop Around
It’s easy to fall in love with one floor plan or home. However, to get the best deal possible, it is recommended that you visit several dealers and get firm prices for comparable models. Once you get the idea of how much your dream manufactured home costs, check out the price of comparable houses, condos, and townhomes in your area so you can determine how they size up.

2. Know What You Want
Don’t compromise on your ‘must-have’ list and determine what you want in a home. Since there are wide variety of options available nowadays, you are likely to find a floor plan that works for you.

Patience is the key here. Also, when you know what you want in a mobile home, you have more leverage when you visit a dealer. When you walk in and tell what your budget is and what you want, there is less room to persuade you to purchase something that is different than what you are looking for.

3. Investigate Financing Options
Before heading to a dealership, be sure to learn everything about financing your mobile home. Generally, manufactured homes are financed as personal property and dealers often get commission off of loans they sell to customers. That’s why it is better to work directly with the lender.

4. Verify Your Dealer
There are a lot of companies selling mobile homes all over the place and it is extremely important to verify your dealer before you purchase to make sure that they will deliver the home in a timely manner, provide warranty coverage when necessary, and complete the installation up to state codes. Making the right choice of dealer can have a long-lasting effect on how satisfied you are with the purchase of your mobile home.

5. Negotiate
When you are at a dealership, don’t hesitate to negotiate the price of your manufactured home. Ask the dealer to provide the invoice of the home and what the cash price would be. Don’t offer up what price you would like to pay or what your maximum payment would be. Some dealers will speak about monthly payment amounts. Don’t fall for this trap. You want to negotiate on the total price of the manufactured home, not the monthly costs. Be sure to stay within your financial comfort zone when negotiating.

Mobile housing can be an efficient and economical way to get into a home, but it is important that you be aware of the steps involved to make sure that you get the best deal possible. The above-listed tips will help you ensure that you get a quality product and you are satisfied for years to come.

Inland Empire Escrow  provides escrow services for a diverse variety of real estate transactions.  With offices in Chino CA and San Bernardino CA, we quickly and professionally service all the surrounding cities such as Chino Hills, Ontario, Rancho Cucamonga, Upland, Riverside, Redlands, Colton, Grand Terrace, Yucaipa, and more.  To hear more about our escrow services for residential, mobile home, short sale, REO, bulk/business sale, 1031 Exchange, or agricultural escrow, contact us today at (800) 917-9387.