"The rich rule over the poor, and the borrower is servant to the lender." Proverbs 22:7

Tuesday, July 13, 2010

Buy our Home!!


Anyone need a home in Auburn? Buy our mobile home!


We are trying to sell our place back in Auburn, AL, with not a lot of luck yet. The park that the mobile home is in is a student only park, so there are really 2 seasons (for the Summer and the Fall). We missed the summer season but hopefully will get a buyer this month or next.


The home has been listed since February, with only 1 offer so far. Unfortunately the offer fell through. We couldn't come to agreement on who would pay for a few repairs that needed to be made. I was asking $18500 - they offered $15000. I got them up to $17000 but they wanted me to pay for $3000 worth of repairs, leaving me with only $14000. They backed out because I only agreed to $2000 in repairs. After they backed out I had all the repairs done and we raised our asking price to $19500. We didn't get any interest after that so we lowered the asking price to $18250. I won't be able to go much lower but at the same time I need to sell it.

We owe about $6900 on the mobile home loan and it is paid up until August. If it doesn't sell by then, we will have to start making $350/month payments again. I also still have to pay for lot rent ($185/month) every month that it doesn't sell. Plus, there is still a power bill, lawn maintenance for $25 bucks a pop, AND my home insurance was dropped because we aren't occupying the residence anymore. Every month that goes by I lo0se $600 in this home. I could lower the asking price to make it more appealing, but I still run the risk of not selling and loosing even more money.

I NEED TO SELL!!! If I can sell, then I can pay off the mobile home loan AND most of the timeshare loan that we have (see earlier post). The timeshare is also paid up until August, but after that those payments will be about $425/month. As long as we own this home I won't be able to attack my student loans like I want too.

So far I've listed on the park website, Craigslist, and Facebook marketplace. I think I might try the Auburn newspaper soon.

Your prayers are much appreciated!! If you know anyone moving into the Auburn area and is looking for a place to live, please forward on my contact info!

You can see a slideshow with pictures here.

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