 For anyone who really knows whats the deal with this down turn in real estate? |
| Im a loan officer who began this career 6mths ago. It seems I started when the housing market really started to go south. my predecessors where closing 10-12 loans a month with ease where im ... |
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 When PURCHASING (not renting out) a property what should be standard regarding appliances included? |
| thanks to everyone who already answered this question. i'm not asking about renting it out, i have that covered - i'm asking about if i PURCHASE a property is it standard for the seller to ... |
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 Questions about moving out? |
| I want to move out a year from now I am planning to save up at least $5000. Is that enough to get me started with deposits for everything I need to put a deposit on. Next I want to know what bills I ... |
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 What do you use your 2nd bedroom for? |
| My bf and I were wondering if it was a good idea to get a 2 bedroom apartment and why? It's just us, but everyone keeps telling me to get 2 bedrooms because of this and that reason. If we can ... |
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 How much mortgage should my brother pay? |
| My brother and I share a mortgage on a 3 bed terraced house. I now live there on my own as he is on a work placement and has no plans to live in the house in the future. he currently pays 1/4 of the ... |
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 What are the benefits/drawbacks to owning a townhome? |
| i'm looking to buy a new home after mine sells, but, i can get a lot more bang for my buck (space, amenities) if i buy a townhome versus a single family residence. anyone who has lived or ... |
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 MY mother died when i was 14. my dad and her where seperated. I am 22 now, am intitled to the house or part? |
| My dads girlfriend of 7 years has taken my mothers name of her house and put hers on. I wanna know of i am intitled to a part of the house. Pls email if you have any more question i reallu need help ... |
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 Having difficulties keeping on top of my buy to let mortgages.rents too low payments too high.? |
| I,ve got several btl mortgages,rents are miles away from the repayments,and i cant manage to pay the shortfalls.I dont know whether to carry on paying whatever comes in,or hand back the keys.If I ... |
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 Should I just concede and pay or fight it? |
| I live in Ontario Canada, I moved out of my previous apartment but did not give the 60 days notice, I gave in my notice on the 9th of the month not the first. Anyway I moved out and now they are ... |
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 When will everyone realize that poor people with bad credit should not buy homes? |
| A large percentage of the subprime borrowers should never have even tried to buy the houses they are in and the sooner they all loose them to foreclosure the better off the economy wil be. Agreed?<... |
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 Is It A Criminal Offense If I Take Out A First Time Buyer Mortgage and Then Place The Property On Rent? |
Say for example if I take out a first time buyer mortgage and then place the property on rent however I DO declare to the taxman that the property has been placed on rent,......Is this permitted?
... |
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 What are the pros and cons from walking away from your mortgage? |
| If you owe more on your home than what it is worth does it make sense to mail your house keys back to the bank and walk away from the mortgage?... |
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 Should I cancel the showing appts due to trash day? |
| I have 2 buyers scheduled through agents to show the home today, 1 at 1pm & the other at 2:30pm.The garbage doesn't get collected until 3:30pm.It's windy out and the neighborhood looks ... |
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 Would people be interested in being my roommate if I have 2 dogs? |
| Is this highly unlikely? I have to relocate and start all over, single now, but I am now responsible for our 2 indoor dogs...one small terrier, 3 1/2 yrs. old, but the other is a 1 yr old German S... |
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 Who is responsible for proving that my rent was paid? |
| I became injured last December and was out of work for 3 months. Since April I have paid my rent on time and also paid extra money in order to pay off my debt. After bringing my rent up to date as of ... |
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Proud mommy | Do mobile homes appreciate? |
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hightechchic
 |
The terminology makes all the difference.
Mobile homes, meaning structures that are built with metal support structures, do NOT appreciate. They may, as others have pointed out, gain some value if you do a significant amount of work on them (including installation of a permanant foundation and many other upgrades.)
Modular homes (also sometimes referred to as manufactured housing), meaning structures that are built with wood support structures, will gain value in the same way that a traditional site-built home will as long as they have a permanant, continuous masony foundation. When they deliver the home, you have the option to have them leave the metal frame upon which it was delivered, or to have it removed. Opt for removal (unless an engineer tells you there's some significant issue why you should keep it... I find that doubtful) and you'll see a much better return on your investment. |
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Rainman
 |
No, but if you own the land that it is on, the land value could appreciate. Remember the real estate mantra:
Location, Location, Location. |
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Janet P
|
No, they are more like cars then houses. |
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bernel1403
|
Not usually. Unless you bought one for very little and fixed it up perfectly, you might gain a profit but not the same as if it were a house. |
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Travashamockery
 |
Generally not. Of course the land that the home is parked on may appreciate, but the home itself generally does not. If fact, most people who are still making payments on their Mobile homes owe more than the home is worth (negative equity). |
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sicwidit
|
sorry, they only depreciate in value. |
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Amy S
|
No. |
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Dirty_Pirate_Hooker13
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I am the manager of a mobilehome park and unfortunately they do not appreciate with time. The only exception would be if you have made dramatic upgrades to the home. |
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susankelly2005
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Do you mean depreciate? I'm not if this is what you are asking but mobile homes go down in value as soon as you get it. It is like buying a car. Mobile homes go down in value just as cars do as soon as you drive them off the lot.
I hoped this helped. |
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bobhope1215
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They can if they are located on land sitting on a foundation and are built to stick built specs. Then yes they can go up but it is not as likely to go up as much as a regular house.
.
If the home is a single wide located in a park -- forget it-- unless it is parked in a strong recreational community-- like on a lake or on a mountain , where the area is very desire able and good for activity's like fishing , hunting, hiking and such.
hope this helps |
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ups2005
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with in the last years from 2001 to 2006 all real state appreciate, including condos, townhomes,movile.
but the real state market has crashed, there in no way to expand any more, I honestly don't recomend anybody to get a movile home at this moment, they have so many rules and restrictions
for example no more than 3 owners, no older than 30 years, the floor fees are ridiculous and they have no increase control.
check other options. like condos or even renting will be a good option,
check this out marketwatch.com
good luck |
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Joyce J
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I would have to agree with Bernel. I did however purchase a very nice mobile home for a little bit of nothing and put it on my own land and the value of the mobile home is twice what I puchased it for. The only reason I purchased it was for a rental property. But yes hun they do deppreciate just like a car. Anything with wheels have that in common. If you are looking at purchasing one... look for a bargin. or look into forclosure ones. Greentree is a mobile home finance company and so is Vanderbuilt. If you get their phone numbers and call them they will send you a repo list and you can go and look at the mobile home and decide for yourself. You need to use your best judgement. |
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