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Message Subject First time home buyer - help please!!
Poster Handle ceawaves
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Any and all advice is appreciated:

Right now my husband and I rent, 725 a month for a trailer that our family is outgrowing. We have 3 boys, ages 8, 5 and 20 months. There is a place for sale in town - owner owns it completely. It's technically a trailer but it has 2 additions on it. With those additions it's stationary. It is 4 bedrooms, 3 full baths, fire place, pool, shed outside, fenced yard, 1/2 an acre. The owner is asking $62,000 for it but seems pretty motivated to sell it so I'm thinking he'd take a lower offer.

We've never owned a home before, have never even tried/applied for a home loan. Where do I start? What can I expect?

And yes, I know I'll need money to put down. We've been saving for awhile anyway. We don't want to rent forever.

Just really unsure of what to expect. The owner said he's had only a couple calls on it, but we're the only ones that have looked at it and shown real interest.

Thanks in advance!
 Quoting: amywood71605


They do claim it's harder to get loans on trailers, Not sure that is really true, you should get pre-approved for a certain amount of money first though. Shouldn't take long. 725 for a rented trailer seems to be a high price, in my part of the woods anyhow. offer him 52.. with no real estate agent involved that's about right price anyhow. who knows he may take it. Good luck~
 
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