Home Buying in Lexington>Question Details

sweiluvu, Home Buyer in Virginia

I have a pension, i am willing to put up against a mobie home loan any advice??

Asked by sweiluvu, Virginia Wed Apr 10, 2013

Help the community by answering this question:

Answers

1
Just remember that mobile homes depreciate like a car, not appreciate like a house. And typically you can only pay cash (Some banks will lend). Be careful buying a mobile.

Although some areas are predominately mobile homes, if it is an area that is mostly "Stick built" homes then it may not be a wise investment. Also, if it is on acreage and there is value in the land, it adds to the plus.

But again, becareful investing your future retirement.

Good luck,
Cassandra Bickel, REALTOR
0 votes Thank Flag Link Wed Apr 10, 2013
thanks for the advice, but i am still working this is a pension that i don't rely on for my income, and yes i do know that mobile homes depreciate,
Flag Wed Apr 10, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer