There is a manufactured home development in the Shadowridge area of Vista in North San Diego County. These homes were always the most inexpensive in the area and never appreciated as quickly as others. Before going that route, I would:
1.Call Bank of America, Chase, Wells Fargo and other direct mortgage lenders to see what loan programs would be available for your potential buyers. This is critical.
2. Check the inventory of listings in the neighborhood where your lot is located. Would a new $300,000 manufactured home stand out as a bargain in the area?
3. Also check the availability of buildable lots in the area. You may be able to make more money selling the lot as-is and Bank of America has an excellent owner-builder loan program.
All good wishes in your decision!
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