i'm intrested in finding out a little more on buying mobile homes

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August 23 2010 - Concord
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In California, Mobile homes are either sold by Realtors and/or those who have a specific license to sell mobile homes only under HCD(Housing and Community Development)
Brand New Manufactured homes you must have a dealers license.
You can sell brand new manufactured homes if the registered owner  has hired you to resale it  and/or you are an employee of and  licensed under a new dealers license.
Just like regular homes, a homeowner can sell their own .
Mobile and /or manufactured homes can be a viable option for many.
IT IS NOT an investment per se..Was never meant to be...Depending on the market at time of sale will determine if profit and/or loss is made.   However in past years some mobile homes did make a profit when they sold.
Mobile homes are another alternative of living no different than if you chose an apartment etc. If maintained properly will last for years and years...There are caveats and issues you need to be aware of and you definitely NEED TO HAVE AN INSPECTION before completing a purchase.
In Contra Costa County some are located in rent control parks and others are not. You have to be pre approved by park management before purchasing a mobile home. Most allow pets with number and size restrictions.
Many seniors love the parks and the homes as it gives them independence yet interaction with the activities. Has more space than most apartments and houses. Typically you will find the parks located conveniently near shopping and freeway access.
Families that cannot afford traditional housing have found the space provided a major plus and a better alternative in monthly payments to housing and apartments and brings them nearer to their jobs thus cutting commute time.
You will either love them or hate them. But they do serve a useful purpose.
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September 19 2010
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Trailers can exist in one of 3 ways or places.

1 on a dealers lot. They have to be moved to someplace they can be set up permanently.

2 on a rented lot you have to pay lot rent on. This is very common in trailer parks.

3 on its own land. You would be buying both land and trailer together.

Also, some towns and cities have restrictions and covenants saying that trailers can not be brought in at all or only 1976 1/2 or newer can be used there. Do not assume that if you buy a lot and then a trailer you can put them together. It is not always true.
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August 23 2010
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Mobile homes (trailers) fall in value every year in a good market.

Some trailers have had the metal frame under them rust off so they became pure junk.

When trailers get to be a few years old financing is very difficult to obtain.
When trying to sell a trailer a few years old many sellers MUST owner finance to get rid of it.

Trailers are built in a way that makes doing repairs take a lot longer than doing a similar repair in a real house.

Worst of all, often financing a new trailer requires a higher interest rate than buying a house does. When calculating the actual cost a house costs very little extra including higher interest costs..
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August 23 2010
Profile picture for Craig Lawler
I assist buyers with buying mobile homes, so please contact me for more information and I'll see if I can assist you.

Thank you.
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August 23 2010
I believe buying and selling mobile homes requires a motor vehicle dealers license.  It is not real estate.  Contact your Motor Vehicle Agency.
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August 23 2010
 

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