Bringing Trust Back to Mobile Homes
Share this page!

How To Make The Manufactured Home Buying Process More Enjoyable

Do you find yourself thinking, “I wish buying a mobile home was easier?” Buying a new home is certainly a journey, but that doesn’t mean it must be a difficult one. Below are some tips and warnings to help make this process a little bit easier and enjoyable.

1.) Shop Around

Times have changed and now you as the buyer have all the power. Use this to your advantage. Shop around online and visit several locations that catch your eye before you make a buying decision. It is important to price compare and dig into the details as to what exactly is included in that price. This is an exciting journey for you and your family, but try your best to not let your emotions get carried away. Take your time to do your research and do not allow yourself to get pressured. Remember its your home not theirs.

2.) Negotiate Price Not Monthly Payment

Mobile home companies are not the bank. Only a licensed loan offices can give you a true monthly payment. Estimations can be given but only a loan officer can give you the detailed information you need to make that educated decision. It is important as a potential home buyer to negotiate the actual price of the home and not the monthly payment. Since most companies in the factory built housing industry do not publicly post their pricing, it can be easy for a sale rep to increase the price of your home to meet your desired monthly payment. If you get the best price on a model you are interested in, then your monthly payment will be the lowest it can be on that home.

3.) Do Your Research

Information is out there, so trust the people who put the info in front of you freely. Nowadays the internet will tell you just about anything you need to know. Research not only where to get the home but the company that is selling the it. All homes are built to the same Federal HUD standard so what really makes the difference is going to be the company who sold it to you. Read the customer reviews . Not just the good ones, but the bad ones too. If a user gives a 1 star with no review it can be fair to assume a troll is at hand. If there is a bad rating with a valid negative review, that is something to look into further. Read to see how the company responds to the reviews, especially the negative ones. This will give you insight into how that particular company deals with problems.

4.) It Doesn’t Cost Money to Talk To The Bank

Banks do not charge to run an application for a loan. There’s a long-standing myth that when buying a mobile home, you need to put money as a deposit/fee just to have the bank review you app. It’s just not true. The only case where you may want to put down a deposit is if you are wanting to purchase a stock model. In this case, you may be able to take the home off the market by putting a refundable deposit down with the company. It is best to keep your money in your pocket until you are comfortable with the final numbers from the bank and the company selling you the home.

5.) There Is No Such Thing As A Stupid Question

There is no silly question when it comes to deciding on the right home. If folks had all the answers then manufactured home retailers would not exist. It’s a house not a t-shirt after all. So don’t feel embarrassed or like you are a bother to the person who is helping you with one of the most important financial decisions of your life. A reputable dealer should freely answer any questions you may have. If they themselves do not know the answer, then it is fair to expect them to find it and get back to you. Asking questions not only helps you get the answers you need, but also helps you learn a little more about the company you are looking to do business with.

6.) Listening To “Uncle Joe”

Everyone has that one person who has bought a mobile home before and thinks they know how it is or how it should be. We live in a world of change and almost every industry goes through them multiple times a year. From an application form update to updated pricing, the manufactured housing industry goes through a lot. Your family “expert” may have insight as to what they went through when buying their mobile home, but to know exactly what is needed from the other side is a whole different story. Don’t allow others opinion let you miss out on a great home or working with the right team.

It is important to remember is that this is your family’s home. While you may not be the expert, you owe it to them and yourself to make the most educated buying decision you can. Do all the research you can both online and in person with a potential seller. For more information on the home buying process, download our FREE Home Buyer’s Guide by clicking the link.

As always, our team is happy to answer any questions you may have to help you make the right decision for you and your family.

Share this page!
Call Now