As others have already noted here Darlene, mobile homes are a lot like a car purchase, terrible investment and depreciation vs appreciation you normally find in real estate. My advice on both cars and mobile homes, buy used and let someone else take the major initial depreciation hit.... more
Great question Maureen, and the answer is.....it will vary by area and home values in your area. Some things like the roof "may" be a must depending on total condition and whether or not it leaks. Painting, again depending on the conditions and colors will vary too. I was a general contractor for many years and find this greatly helps the real estate side of my business as I can help clients see value of where to spend money to make more. You would be best finding a qualified agent to do a walk through of your home and then a CMA of your area to help determine a repair and pricing plan that makes the most sense.... more
It means that the seller will lend you the money to close on the house. It's basically just avoiding the bank. The seller becomes the bank. They will give you an interest rate just like a bank would. The sellers will check your credit though and make sure you haven't had many late payments or collections, just like a bank would.
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Salafia Sold Team
Yes you would have to pay both , as well as any other liens on your home, the title company would need all marks on the title to be clear at time of sale or they title would have a so called cloud and would not be clear and the title company would not all the sale to finalize. But please have the title company or an attorney give you full advice on this situation.... more