How do we know if this mobile home is in a flood area and does a mobile home really loses value like a car?
Answers (1)
FIRST ANSWER
Momo,
Good questions to ask before buying. Always be informed before making a large purchase.
Check with the County to see if the property is located in a flood zone. Depending on which County, it may even be online. Maps are produced by FEMA so it is a matter of public record. DO NOT just take someone's word for it.
Yes, a mobile home does depreciate similar to an auto.
Hope this helps.
Good luck!
Dominick Dina, Broker/Owner
Web Reference: http://www.SanAntonioChristianRealty.com
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