Many people dream of owning their own home, but with the high prices of real estate today, it is just too expensive. Homes have doubled and tripled in price in the past few years, so more and more people are buying mobile homes. Mobile home foreclosures are a definite possibility for a more inexpensive home on today’s market. You can get just about anything you want in a mobile home these days and they range in size and price as well. Mobile homes have become quite popular in the past decade and since they are usually lesser money than a stick built home, they are more affordable. This article will speak about mobile home foreclosures and why they are worth looking into.
For many first time home buyers a mobile home is a good investment and many people are going this avenue. Unfortunately because they are more affordable doesn’t mean you can afford one. Mobile home foreclosures are found everywhere. They are pretty easy to get into and many people find that after they get into it, they really can’t afford the extra expenses that go along with owning a home. You still have taxes to pay on it, and if you don’t own your own property, you will have a space rent to keep it on as well. When you add your water, electric and cable you could be looking at quite a payment per month. There are numerous lists of mobile home foreclosures to choose from.
If you are looking to buy a home at a good deal, you may want to check out mobile home foreclosures as they are usually quite cheap. There are some beautiful mobile homes to choose from these days. You can get a 2000 sq. ft. home or larger for under $100,000. and you can find just about anything you want in them. From open beam ceilings to fireplaces and Jacuzzi’s, you can get the dream home you always wanted. Some will be set up in a park already and others may be already set up on property. Mobile home foreclosures can be found all over the United States, so you aren’t limited to just a certain area.
With a little research you can find a list of mobile home foreclosures and begin bidding on the home you want. Older mobile homes are harder to finance, so you may want to look for newer models. You might even find some mobile home foreclosures with an owner carry type of financing available. If you don’t have a down payment, you may be able to work a lease agreement out with the owner. This way you can live in the home and apply a certain percentage of your rent toward your down payment. You can be pretty creative in the financing of mobile home foreclosures, so don’t give up if you get turned down the first time. Be persistent if it’s the home you want.