Belize Real Estate  Links  
Real Estate Information

Looking into Buying Mobile Homes?


To own a home is one of the dreams every common man cherishes, even from the childhood. With hard work and years of savings, he might be able to build or buy a dwelling for him and his family. More than a place to stay safe from bad weather and sun, a home is also a handy investment option. In this context, buying mobile homes is an option worth considering. Recently, in the US, there has been a surge in the number of people opting to live in mobile homes. Buying mobile homes is cheaper than other forms of housing and is widely seen as a good investment option as well. Statistics show that nearly 8.8 million American households live in mobile homes.

Before getting on with the details of buying mobile homes, let us look at what a mobile home is. A mobile home is a residential structure that's been constructed in a factory and is then shipped as a single piece to the address. Sometimes it is a misnomer as only 5% of these type homes ever leave their original site.

Buying mobile homes is an even better option when it's placed on land on a concrete slab with a well and full septic system. It will suit those who are looking for inexpensive housing. It's also a good idea if it is sitting on a nice piece of land such as an acre or more if you have plans to build a new home on the lot, or if you are an investor.

Before buying mobile homes you have to make sure that the mobile home conforms to the US government's Manufactured Home Construction and Safety Standards (known as the HUD code). That is, each mobile home must conform to a Federal building code rather than to the building codes at their destinations.

When looking into buying mobile homes, it is a good idea to check for the latest varieties of mobile homes available in the market. Nowadays, mobile homes options vary from single-section homes to large, multi-section units equipped with a fireplace or a cathedral ceiling. Buying mobile homes is a good housing choice for most due to wide price range available.

When buying a mobile home, make sure that everything is in place. First, shop around as much as you can until you find the home of your choice. Compare the cost, floor plan design, interior and exterior decor as well as the construction methods and materials used. Make sure that your mobile home displays the label certifying code compliance and the dealer is licensed with the Division of Motor Vehicles, Department of Highway Safety and Motor Vehicles. When buying mobile homes, it is always better to secure the manufacturer's as well as dealers warranty on the home.

In the context of buying mobile homes, there will be a lot of finance providers offering you loans in addition to dealer financing. Take care that you shop around for the best finance and insurance plan. While finalizing the contract, precisely understand which items on the contract are your responsibility. Clearly define yours and the dealer's responsibilities so that there is no ambiguity in the deal. Do not leave any blank spaces on the contract, and be certain that all the items which you and the dealer have agreed to are covered by the contract. Say no to oral agreements. Read the entire contract before signing it, and make a point to save a completed copy for your records. And if the dealer is to retain the wheels, axles and other mobilizing hardware, this should be stated in the contract.

Before investing in a mobile/manufactured home, be sure you have a place to put it. Remember, the structure must be tied down in accordance with the specifications provided in Department of Highway Safety and Motor Vehicles Rule 15C-1 or the specifications provided by the manufacturers. Remember, such structures are open to on site inspections.

Copyright 2005

Buying and Selling Mobile Homes Selling Mobile Homes


MORE RESOURCES:

Houston-Based Real Estate Developer Closes More Than $75 Million in Healthcare ...
MarketWatch (press release)
Medistar Corporation is a full-service real estate development company that specializes in the design, development, financing and construction of healthcare real estate. The company focuses on medical office buildings, integrated medical plazas and ...

and more »


CBS Local

Real estate developer says he plans to make cash bid for Philadelphia's 2 ...
Washington Post
PHILADELPHIA — A wealthy real estate developer said Tuesday he and four partners plan to make an offer to buy the city's two largest newspapers, whose downtown offices he already owns. Bart Blatstein said he plans to pursue an acquisition of some or ...
Developer Blatstein seeking to buy Inquirer, Daily News companyBizjournals.com (blog)
Developer plans to make bid for Philly newspapersBoston.com

all 174 news articles »


TEXT: S&P: Nomura Real Estate Residential Fund Bonds Rated 'A'
Reuters
8, 2012--Standard & Poor's Ratings Services today assigned its 'A' rating to Nomura Real Estate Residential Fund Inc.'s (NRF; A/Stable/A-1) proposed JPY5 billion series 2 unsecured bonds, due Feb. 24, 2017. The rating on NRF reflects its relatively ...

and more »


Cole Real Estate Investments Executes Nearly 640000 Square Feet in Retail ...
San Francisco Chronicle (press release)
Cole Real Estate Investments (Cole), one of the nation's leading investors in high-quality, income-producing retail, office and industrial real estate assets, announced it signed leases totaling nearly 640000 square feet at Cole-related retail ...

and more »


PR Web (press release)

Web Winners: Navigating real estate industry
News & Observer
By REID KANALEY - The Philadelphia Inquirer Real estate is no easy game, as "underwater" homeowners have found in recent years. You need your wits about you, and these sites help you do that with plain language and suggestions. -The home-buying page at ...
REALTOR(R) University Granted Approval to Offer Master of Real Estate Degree ...MarketWatch (press release)
Real Estate Investment Expert Brett Jennings Signs Publishing Deal With ...PR Web (press release)
Real Estate - LeasesConnecticut Business News Journal
Utah Pulse -NJBIZ
all 15 news articles »


Tossed® Hires Real Estate Veteran A. Michael Toroyan as Chief Development Officer
MarketWatch (press release)
Toroyan, a 20-year veteran of the restaurant real estate, and franchising, will bring even greater momentum to Tossed's strong and growing franchise development efforts across the US Toroyan comes to Tossed Franchise Corporation from a previous post as ...

and more »


TheStreet.com

Irish Real Estate: This Could Be the Time
TheStreet.com
By Jerold Leslie 02/08/12 - 07:00 AM EST BOSTON (MainStreet) -- Ireland's housing bust makes America's real estate downturn look like a St. Patrick's Day parade -- potentially creating great buying opportunities for Americans willing to test the ...

and more »


IPE.com

Sam Zell "Comes Clean" for Penton's National Real Estate Investor (nreionline.com)
Sacramento Bee
7, 2012 -- /PRNewswire/ -- In an interview in the February 2012 issue of National Real Estate Investor, Sam Zell, chairman of Equity Group Investments, stated that the commercial real estate industry needs to "come clean" with expectations.
MIPIM Launches RE-Invest: The Real Estate Summit for Institutional InvestorsMarketWatch (press release)
Investing In China's Real Estate Market: A Look At Funding OptionsNuWire Investor
John Waggoner column: REITs might be good investment to landAppleton Post Crescent
Seeking Alpha -Citybizlist Real Estate
all 17 news articles »


Citybizlist Real Estate

Debt Levels of Commercial Real Estate Borrowers Set to Increase 40% in 2012
World Property Channel
To define the likely universe of capital available for commercial real estate lending in 2012, Jones Lang LaSalle and Penton Media Research partnered to conduct a proprietary survey that compiled direct feedback from 186 borrowers and 136 lenders that ...
Metro DC Commercial Real Estate Market Thrives When Congress, Presidency AlignedCitybizlist Real Estate
Global Real Estate Markets Making Steady Progress with Eighth Consecutive ...Hotel News Resource
5 key points for healthcare real estate planningHealthcare Finance News
Moneylife Personal Finance site and magazine
all 42 news articles »


PR Web (press release)

The Real Estate Book Includes Free Agent Mobile Websites in Advertising Packages
PR Web (press release)
The Real Estate Book expanded the mobile marketing tools in their advertising packages to include agent mobile websites at no additional charge. We've made it easy for real estate agents to add mobile to their marketing mix.
The Real Estate Book Helps Agents Go Mobile in Just Minutes With Free Online ...MarketWatch (press release)
The Real Estate Book Helps Agents Go MobileRisMedia.com (press release)

all 7 news articles »

Google News

home | site map | Colorado Log Homes | Homes for Sale in Denver Metro
© 2006