WHat are the Pro's & Con's of buying a ranch home on Like a MH with Acre?

Asked by Amy, Fort Morgan, CO Wed Jan 26, 2011

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CJ Brasiel, Agent, San Jose, CA
Wed Jan 26, 2011
Amy -

Are you talking about Morgan Hill? If so:

Advantages:

Small town, neighborly feel, beautiful back drops between west hills and Lake Anderson.
Great prices as the area was hit hard with distressed homes because it was one of the last neighborhoods with new development in 2005-2007. There are going to deals in 2011 but then a slow recovery in 2012-2014 is predicted for the area.

Lot size, land, price, newer homes available, and more square footage on average are key buying points.
Potential plus - CAL TRAIN. Eventual/projected high speed rail will increase desirability

Disadvantages : Some of the land is under authority of the Williamson Act.
http://www.consrv.ca.gov/dlrp/lca/Pages/Index.aspx

If you are commuting to core Silicon Valley (Mtn View, Palo Alto), 101 commute is a bear. But - Cal train is available.

School scores are not as high as some would like but are improving.
http://www.SchoolPerformanceMaps.com

Hope that helps.
CJ
Web Reference:  http://www.TalkToCJ.com
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Sally Lawren…, Agent, Tehachapi, CA
Wed Jan 26, 2011
ros: Privacy, relatively few restrictions on what you can do with your property, generally less expensive than comparable properties within city limits.

Cons: MH may be more difficult to finance than conventional stick-built homes, appreciation is generally at a slower pace than a comparable stick-built home.

I'd be happy to discuss your situation in detail in order to provide more specific answers. You can call me at 661.375.REAL (661.375-7325) or send me an email at Sally@HomeSalesSally.com
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Marilyn Stark, Agent, Tucson, AZ
Wed Jan 26, 2011
Hi Amy

If you are considering pros and cons of buying vs. renting, please have a look at the attached link. It will help you calculate financial benefits.

If you are considering buying now vs. later, consider that home prices are at 10-year lows in many areas. And, interest rates are near record lows.

Having an acre of land allows you privacy and flexibility.

Best of luck,
Marilyn
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