4 Responses to “Trailer park, is this a good choice by the ocean?”

1. ♥Sweet♥baby says:

   September 21, 2009 at 7:47 pm

   Trailer park = tornados and hurricanes….not a good idea.
   No resale value.
2. caseofyou2003 says:

   September 23, 2009 at 5:46 pm

   I live on the coast of SC (Beaufort) and I can’t imagine anywhere in our area where you would get a price like that on the water period. In our area there are now many areas where trailers cannot be brought in, because of the possibilty of hurricanes. Resale value on a trailer is very low unless it is on a foundation. Whatever you do, dont’ buy sight unseen.
3. orlando says:

   September 25, 2009 at 6:48 pm

   Resale will have to be on a cash basis. The vast majority of lenders wont finance on moblie homes - I dont know any who do. And, fyi, they typically dont have the greatest resale value.
4. tm says:

   September 28, 2009 at 6:21 am

   It is VERY hard to get a loan for a mobile home. Unless you have perfect credit and a huge down payment, most banks won’t even touch it. The reason for this is the resale value on them is practically nil. I’m not too familiar with the “resort” type properties, but for typical mobile homes, when you’re purchasing a used property, you’re virtually paying for just the land, and since you wouldn’t own the land in this case, I’m not so sure that 49k is such a good deal. Much cheaper than a house, but I think you’d probably have a hard time selling it. As I said I’m not an expert, but I would look into how long some the trailers that are for sale have been on the market to give you an idea of how long it takes to sell them.