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Trulia Voices Real Estate Q&A in 08050

Christina
Christina
Home Seller
New York

Hello I am presently looking to purchase in a nice community that has resale manufactured homes on leased land

is there any other type of disadvantage when purchasing these types of homes besides not being able to get a home mortgage.

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Lynn911.com Dal…
Lynn911.com Dal…
Real Estate Pro
Dallas
Wed Jul 2 2008, 07:25

Personally it depends on lifestyle, however it is difficult to resale them Good luck http://www.lynn911.com

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Robert Pileggi
Robert Pileggi
Real Estate Pro
Manahawkin
Wed Jul 2 2008, 06:52

Other than the fact that you don't own the land, there isn't really any disadvantage. But since you don't own the land then you don't pay property taxes so that's a little advantage.

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Laura Giannotta
Laura Giannotta
Real Estate Pro
New Jersey
Tue Jul 1 2008, 02:09

In a manufactured home community you'll pay a monthly maintenance fee, for your land lease and the community area grounds. You pay no taxes. Depending on the community, you might have a pool and club house and other community activities. I believe there is financing available for manufactured homes, depending on the age of the unit..

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Lynn911.com Dal…
Lynn911.com Dal…
Real Estate Pro
Dallas
Mon Jun 30 2008, 17:08
FIRST ANSWER

Not really some home buyers don't prefer to purchase these types of homes for resale Good luck http://www.lynn911.com

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