Mobile homes may be purchased as part of a land/home package.
If you have chosen to purchase a mobile home, you may also be looking for land on which to park it. Unless you intend to rent a lot for your mobile home in a typical trailer park, you may be able to find dealers or realtors who have land/home packages. In this type of transaction, you will be purchasing the lot as well as the mobile home. Does this Spark an idea?
Quality of Neighborhood
Several reputable land/home dealers may have developed mobile home subdivisions. These subdivisions may have stringent requirements that the residents maintain their mobile homes and lots to quality standards. Some may be retirement villages where the owners have sold their large homes and tracts of land to scale down as they approach their golden years.
Affixation of Mobile Home
If you purchased a mobile home on an existing half-acre tract out in the countryside, you may decide to affix the mobile home to the property by removing the wheels, axles and skirting. In many states this action, along with surrendering the mobile home title, actually makes the mobile home a part of real estate so that, for all practical purposes, the home is considered a house.
Financing Land/Home Packages
Many land/home package dealers may agree to finance the property for you. The drawback to financing the package as a whole is that you may have paid down enough money to own the mobile home actually outright. However, if it is financed as a combination package or if you have affixed the mobile home to the property and can't make your payments, any foreclosure may take both the mobile home and the land.
Tags: mobile home, mobile home, land home, home package, home property, land home package
