roermo
Gold Member
Well my 3-ス cents worth on this topic:
1. You can always find exception to statement made for or against modular homes.
2. I sell real estate in Northern Missouri; here the value drops like a stone.
2a. Exception, if it is on a foundation full basement, acreage, well cared for.
3. In this area it is a stigma that is carried with the homes, weather its right or wrong
4. Ask your banker if he makes loans on modular, not the salesman selling the unit.
5. Ask your banker for a name of an appraiser in your area and call him up ask him what the trends are for modular homes in your area.
With that all said I have seen some very well built units. But still all in all they do not have the resell value here, find this out for your area.
Good luck.
1. You can always find exception to statement made for or against modular homes.
2. I sell real estate in Northern Missouri; here the value drops like a stone.
2a. Exception, if it is on a foundation full basement, acreage, well cared for.
3. In this area it is a stigma that is carried with the homes, weather its right or wrong
4. Ask your banker if he makes loans on modular, not the salesman selling the unit.
5. Ask your banker for a name of an appraiser in your area and call him up ask him what the trends are for modular homes in your area.
With that all said I have seen some very well built units. But still all in all they do not have the resell value here, find this out for your area.
Good luck.