With respect to mortgage financing, Mobile Homes were built before 1986, and are not considered real property, and are therefore not eligible for a residential real estate mortgage.
Manufactured Homes are built in a factory, and then delivered to the home site. Most lenders will not lend on Manufactured Homes in AZ, but those that do, require the MFH to be a double wide, permanently affixed, with no home improvements that could affect the integrity of the original construction.
Modular Homes are also built in a factory, but the materials are delivered to the property in separate pieces, to be constructed like a stick built home, based on local building codes.
Since your home was built after 1986, it is not a mobile home. And because there are very few modular homes built in AZ, it is very likely that your house is a Manufactured Home. You can check your bedroom closets for an FHA metal plackard that provides the original manufacturer details, or you can also look up your address on the Maricopa County Assessor's website, where your property taxes are partially calculated based on the type of your home's construction: http://mcassessor.maricopa.gov/index.php
Hope this helps! For specific mortgage related questions in AZ, contact Steve Bernstein, www.azcentralmortgage.com... more
Many places except felons. If they are sex offenders then you'll get a notice all the time of every sex offender within a mile distance of your home. Our Central Phoenix townhouse gets them a lot of notices but our complex is gated and secure so no unwanted traffic can come on the property. Good inexpensive to average rental, Park Medeterraine Townhomes, right next to the rail/buses.... more
Did you have a specific question? A lot of the issues in transferring brokerages depends on whether the new brokerage is a member of the same Realtor association that you are currently a member of.... more
Although Renting to Own is a pretty popular topic among many 1st time buyers you definitely want to understand the pros and cons of a Rent to Own deal. If the terms are favorable they can be a good tool for both buyers AND sellers.
Also, I'd definitely recommend speaking with a competent agent and maybe an attorney prior to signing any agreement and reading up on some possible pros or cons on a rent to own deal. There's some good resources online that can help you understand some of the key points for a good rent to own deal and also some of the pitfalls. Here's a few examples:
Just make sure you know what you're doing and don't take a seller's word for it if you aren't sure about a deal. This market where many cities have rising home prices would be a time you'd want to set the sale price NOW and not in the future. The opposite is true in a downward trending market. Keep that in mind also.
In most counties you can look up information on a property in the county record search. You can find out if the home has pulled any permits for items such as the AC. Or contact a local Realtor who can look up the information for you. We can't help you because you didn't provide an address.
Tammy Hayes, Realtor
Re/Max Palm Realty