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Sheldon : Real Estate Advice

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  • Home Buying1
  • Home Selling1
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Activity 4
Sat Mar 21, 2015
Diane Christner answered:
Contact several local real estate agents that list/sell mobile homes on land and ask for recently sold comps. Most would be happy to provide those to you, whether you end up listing with them or not. ... more
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Mon Jun 10, 2013
Philip Gerbode answered:
It depends a lot on how far from the trail the home is, and whether it is higher or lower than the level of the rail trail itself. Homes above the trail will hear more noise than those below. ... more
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Sat May 2, 2009
Jim Bellville answered:
There is a good chance that you will be denied, but a lot of it depends on the lender that you are using.

Are you using a local lender where the decisions are made by someone that understands the nature of the community and whether or not the value will be there.

Or

Are you using a lender where the decision is being made in Plano, TX or out of some office in India or Thailand?

That is usually the first hurdle to getting a favorable decision... finding the correct lender for your situation. If you were in a more conventional situation, nearly any lender would do. If you are in a situation where someone outside the area is not going to understand what you are trying to do and how it works around there, then you need to find a local lender with money.

With the tightening of the lending rules, there may not be a lot of options, but I would expect that you could find a local bank or credit union that might be able to say "Yes" as long as the appraiser can get the adjustments right.

Any appraisers here want to correct me if I am wrong?
... more
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