The Pros & Cons of Buying a Mobile Home

Features of the Modern Mobile Home

Mobile homes, also known as “manufactured homes,” are built in a factory and placed on a trailer chassis to allow them to be moved. Mobile homes are sometimes placed in a mobile home park or on leased land. In these cases, the owner rents a space or leases land, but owns the mobile home itself.

Alternatively, mobile home owners can place mobile homes on land they own or are buying under contract.

The Pros:

  1. Affordability: The average cost per square foot for a manufactured home is $49 per square foot versus $107 per square foot for a traditional home built on site.
  2. Structural Strength: All manufactured housing sold in the United States bears a permanently affixed “red seal” to show that all requirements of what is sometimes termed the most stringent certification process in the building industry have been met.
  3. Versatility: A basic manufactured home can be extremely affordable, families who own an appropriate site can start small, with the option of adding additional manufactured modules as their needs change.
  4. Energy Efficient and Eco-Friendly: Today’s manufactured housing is 27 percent more efficient than it used to be. 
  5. Lower Taxes: As long as your manufactured home is installed on your own private land, you can get a lower property tax compared to when your home is considered real property.

Manufactured homes have become a primary part in addressing the problem of housing shortage as a result of high prices and demand.

The Cons:

  1. Availability and Cost of Suitable Land: There can be a shortage of available land with proper access and existing utility service. In some areas, the land is deed-restricted to require site-built construction.
  2. Lingering Stigma of Mobile Homes: Verify zoning restrictions and limitations.
  3. Lender Requirements: If they decide to lend, the end up charging very high rates and offering terms that are not friendly. The alternative to a mortgage is a personal property loan which can involve even more stringent qualification requirements, additional cash investment, and less favorable terms.
  4. Foundation and Land Lease fees: Balancing the costs of various foundation choices and land lease fees sometimes exceed the cost of a stick-built mortgage.
  5. Long-term Value: The market value of manufactured homes depreciates with time, which is disadvantageous especially if you plan to resell your manufactured home in future. In California, manufactured homes depreciate fast when they are not maintained well. Just like a car after leaving its dealership company, the value of manufactured homes plummets once it has left the factory.
  6. Mobile? Not Really: Many manufactured homes are “grounded” with concrete foundations, decks, site-built porches, garages, patios, and lush landscaping, situated in subdivisions with abundant amenities for upscale lifestyles.
  7. Park Policies: This means that, it doesn’t matter how much you spend on your manufactured home, as long as you don’t own the land it is installed on, you will have a landlord.

As with any major purchase, the decision must depend on a family’s individual needs and circumstances. When you weigh the pros and cons of buying a mobile home, the value becomes apparent and the uncertainty of “are mobile homes a good investment?” fades away for sure. Before planning to get your “sweet home”, be sure to evaluate your own specific housing goals and plan the right process for it.


All data is deemed reliable but is not guaranteed accurate by the RLS or Revel Real Estate. See Terms of Service for additional restrictions. © 2020.. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. We are an equal housing opportunity provider. Consistent with applicable law, we do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status (having children under age 18), or religion. Equal Housing Opportunity. 

Just Listed – Santa Clarita, CA

28238 Newbird Dr.
Santa Clarita 91350 | Offered at $749,900

FEATURES

4 bedrooms

2 bathroom

Square Ft

1,491

LOT

7,164

Built

1969

Garage

2 Car – Attached

New Roof

New Paint

Inside & Exterior

Welcome Home to Santa Clarita – Bouquet Canyon Hills within a Top Rated School District!!! Beautifully upgraded home features 4 bedrooms and 2 bathrooms with 1,491 living space on a spacious 7,164 lot. Upgrades include: NEW Efficiency Tankless Water Heater, NEW A/C, NEW Roof, NEW ceiling fans, NEW automatic sprinklers, NEW Freshly painted exterior, and more! The open layout with NEW paint throughout, includes a wood burning Fireplace in the living room and Nest controlled Central HVAC. Updated kitchen with Granite countertops is beautifully naturally lit with over the sink window providing a view of the back yard, and expansive windows in the dining area. The master suite includes a walk in closet, and en-suite bathroom with a walk in shower. The private back yard features a patio, perfect for entertaining loved ones, and includes a utility shed for ample storage. Laundry with NEW sink in the 2 car attached garage features NEW Insulation for energy efficiency. NO HOA or Mello Roos, this home is Move-in ready!

MLS# DW22072764

23
April2022
OPEN HOUSESaturday
1-3pmSaugus, CA
24
April2022
OPEN HOUSESunday
1-3pmSaugus, CA

DESIREE ESTRADA 

REALTOR®
c:  323.543.1881
e:  desiree@revelrealestate.com
o: 9320 Wilshire Blvd. Suite 100-A Beverly Hills, CA 90212


Just Listed – Pico Rivera, CA

8612 Passons Blvd.
Pico Rivera 90660 | Offered at $549,900

FEATURES

2 bedrooms

1 bathroom

Square Ft

814

LOT

5,103

Built

1950

Garage

Converted to Living Quarters

New Roof

New Paint

Inside & Exterior

Beautiful upgraded home in the city of Pico Rivera, bordering Downey, CA ready to move in! Updated flooring and fresh paint throughout the 2 bedroom 1 bathroom home with BONUS laundry room, BONUS exterior bathroom and BONUS Converted Garage into a STUDIO with Kitchenette and Bathroom. The Open Concept Kitchen is also updated with a bar top counter to host guests. Large back yard all recently cemented for low maintenance and perfect for gatherings. Back yard includes a storage built-in and patio for shade during summer events featuring an exterior bathroom for guests to use when hosting family and friends. NEW ROOF installed, and a converted garage to a studio perfect for additional income, or to have a friend or loved one stay with privacy. So many upgrades and ad-ons you must see!

MLS# DW21244552

13
November2021
OPEN HOUSESaturday
1-3pmPico Rivera, CA
14
November2021
OPEN HOUSESunday
1-3pmPico Rivera, CA

DESIREE ESTRADA 

REALTOR®
c:  323.543.1881
e:  desiree@revelrealestate.com
o: 9320 Wilshire Blvd. Suite 100-A Beverly Hills, CA 90212


Home Buying Guide

Welcome!

If you’re considering buying a new home but don’t know where to begin or what you need. Download a free version of our buying guide.

Step 1 towards homeownership: consultation. We look forward to assisting you through the process.

DE Team

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Frequently Asked Questions

  1. HOW CAN I BUY WITH $0 DOWN?

The most common $0 down program for Veterans is VA Loan requiring 620+ Credit, and the Calhfa Loan requiring 680+ credit score. There are various programs with $0 down, but will all still have fees to consider. Contact me to schedule a free pre qualifying appointment to see which loan is best for your needs.

2. HOW CAN I BUY WITH DACA?

The home buying guides for DACA are constantly changing, but you can currently use the CONVENTIONAL Loan. To maximize your qualification work towards a 740+ credit score, you can buy with as little as 3% down.

3. HOW CAN I BUY WITH AN ITIN?

The ITIN program requires 15-20% down, if you have the savings ready contact me to schedule an appointment to see if this program makes sense for your needs.

4. WHERE DO I START TO BUY A HOME?

The basic general requirements are 1) Two years of stable income & filing taxes [unless you just graduated with a degree and started working in the field you studied]. 2) A minimum credit score of 620+. 3) Savings in your bank account, at least 3.5% of the home price. Once you have those basics ready, contact me to start!


10 Curb Appeal Tips

In real estate, an attractive exterior can make or break a home sale. 

Why Curb Appeal Matters

First impressions are everything – at least when it comes to selling your home. 63 percent of homebuyers will drop by after viewing a home they like online. What will they see? The home’s exterior – including the front entry, yard, driveway and sidewalk — should serve as a snapshot of what’s to come when potential buyers enter your home. Read on to learn 10 ways you can wow homebuyers from the curb.

1: Roof

Most homeowners don’t give their roofs a second glance, but the roof is an important curb appeal item that buyers do notice. Is yours missing any shingles, or is it dingy and streaked? A good cleaning or, if necessary, a roof replacement will up your home’s curb appeal factor tremendously.

2: Shiny, Happy Numbers

If your house numbers aren’t easy to see or if they’re dirty and dingy, replacing them carries a tremendous impact.

3: Wash

Budget-conscious homeowners will love this tip: Pressure-washing the dirty siding and deck, as well as the oil-stained driveway and faded walkways is an extremely cost-efficient way to increase your home’s curb appeal. If you don’t own a pressure washer, you can rent one from your local home improvement store for the day.

4. Trim

One of the most common curb appeal killers, and easiest fixes, is to simply give those tall and window-obscuring shrubs and bushes out front a nice flat-top trim. Letting prospective buyers see the full front of the house with windows and all will go a long way toward unloading your house quickly.

Regularly care for your lawn by mowing the grass, raking off leaves, and pulling weeds. Keep it well watered to prevent brown spots. As long as you keep up with it, lawn care won’t become a huge project. 

5. Plants

Except for the dead of winter, some types of annual plants are always in bloom. Spruce up your porch containers, window boxes and front beds with some colorful flowers for instant lift. A few inches of dark mulch will brighten up the beds.

6. Paint

Paint is only about $25 per gallon, and painting the front door, trim and shutters is a great way to polish the look of your home. Other inexpensive fix-ups: a new mailbox, a new porch light fixture and a cheery new welcome mat.

7. Driveway

If your driveway is cracked or stained or has vegetation sprouting from it, you can upgrade it for curb appeal without doing a complete redo. First repair the cracks and stains (and kill the weeds), then dress it up by staining the concrete or affixing flagstones. If you need more room to move your car or park, add stone, brick, or pavers to the sides of the drive to widen it with a decorative border. Establishing a crisp, clear shift between paved and unpaved surfaces can help to set off a driveway and enhance a landscape.

8. Walkway

If the main walkway up to your house is a boring series of concrete slabs or is broken, cracked or otherwise rundown looking, you can easily create a new one for not much money. Cool flat flagstones can be attached to good, but bland, concrete or try laying out your own brand new walkway, just ask a home improvement store for tips.

9. Fix it up

Take care of any small repairs, like ripped screens, or burned out bulbs. Even tiny flaws can stand out against an otherwise picturesque exterior, so it’s worth taking a day to fix them. Walk around the outside of your house noting anything that requires a quick fix, and then get the tools you need and get to work.

10. Keep it simple

Whatever you’re planning on doing, don’t overdo it. Just keep it clean and tidy so that the whole place looks aesthetic and composed.

Giving your home a curb appeal boost can be done in just a day or weekend if you plan ahead and prioritize the projects that will really make a difference. Chances are, your home already has plenty of beautiful elements and it just needs some finishing touches to really look its best. Put some time and effort into it and you’ll be amazed by the results.


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BUYING | SELLING | CONTACT ME

All data is deemed reliable but is not guaranteed accurate by the RLS or Century 21. See Terms of Service for additional restrictions. © 2020. Century 21 Allstars. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. We are an equal housing opportunity provider. Consistent with applicable law, we do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status (having children under age 18), or religion. Equal Housing Opportunity. 

Benefits of Hiring a Real Estate Agent to Sell

Selling your home means making dozens (if not hundreds) of decisions, starting with whether to work with a real estate agent.

Even after commissions, statistics show that listing your home with a professional versus trying to sell by owner (FSBO) results in not only a faster sale but more money for the seller. Here is 6 additional benefits to listing with an Agent:

1. They understand fair market value and pricing strategy: When you work with an experienced, local agent, they should have a great handle on just what your home is worth in your area, and what kind of pricing will get buyers through the door. They can help you walk the tightrope of getting you as much money out of your house as possible, while still appealing to a wide range of buyers. 

2. They’re objective listing experts: Good real estate agents have a deep understanding of their local market and want to show your home in the best light. They also have relationships with photographers and home stagers, who can all work as a team to highlight the amenities that local buyers want. 

3. They have access to extensive market exposure: With access to the local MLS and online listing portals, social media presence, professional networks, connections with other agents, and name recognition, your real estate agent can get a lot of eyes on your listing and plenty of potential buyers in the front door. 

4. Buyer’s agents are more likely to show your listing to clients: Real estate agents are paid on commission, so some agents may not take the time to show your FSBO listing to their clients, since there’s no guaranteed commission. 

5. They’ll negotiate professionally: Experienced agents can spot serious buyers and guide you toward the strongest offers, which eliminates the burden of calls and negotiations with less motivated shoppers. Agents are extremely familiar with both the selling process and your local market, so they can recommend appropriate counteroffers. Bottom line: They’ll help you get as much money as possible. No wonder 82% of sellers surveyed by Zillow said they value their agent’s ability to lead contract negotiations. 

6. They know the paperwork: There’s a lot of documentation involved when you sell a home, and without an agent, the burden of making sure it’s complete and accurate falls on the seller (or an attorney you’ve hired to help). Seasoned real estate professionals are experts at the purchase and sale process, and all the legalese that comes with it.


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BUYING | SELLING | CONTACT ME

294 Homes For Sale in Long Beach, CA

LONG BEACH, CA

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Click the following link to view the Listings:
https://matrix.crmls.org/DE.asp?k=4928994XPGW6&p=DE-486656036-511

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BUYING | SELLING | CONTACT ME

All data is deemed reliable but is not guaranteed accurate by the RLS or Century 21. See Terms of Service for additional restrictions. © 2020. Century 21 Allstars. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. We are an equal housing opportunity provider. Consistent with applicable law, we do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status (having children under age 18), or religion. Equal Housing Opportunity. 

No Social Security Number required for Home Purchase!

We can now do Individual Tax Identification Number (ITIN) loans!

video-image-replacement-555x312.jpg

Undocumented residents that couldn’t obtain a loan even though they were qualified financially can now purchase a home with a loan program for residents with an ITIN.

What does that mean?

If someone does not have a SS number, frequently the company they work for will set them up with an ITIN so that they can be employed. The individual will then file their taxes under the ITIN.

Even though the ITIN shows that the person has been working and paying taxes, previously they would still not have been able to get a loan because of the requirement for a SS number.

Now, one of the programs available has waived the SS number requirement. If you have any friends or family that have been turned down because they don’t have a SS but have been filing taxes for 2 years with an ITIN we can get them a loan.

You can also qualify combining a resident with a SS and with ITIN with as little as 10% down.

Owner occupied up to $750,000 purchase and Cash out.

BUYING | SELLING | CONTACT ME

All data is deemed reliable but is not guaranteed accurate by the RLS or Century 21. See Terms of Service for additional restrictions. © 2020. Century 21 Allstars. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. We are an equal housing opportunity provider. Consistent with applicable law, we do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status (having children under age 18), or religion. Equal Housing Opportunity. 

Duplexes for Sale

If you or someone you know is looking for something more specific, CONTACT ME and I would be more than happy to send you updated listing in specific cities, price points, and features.

4ac1b822da0752390c632d70b92b4fc5--maison-duplex-semi-detached

Click the following link to view the Listings:
http://matrix.crmls.org/DE.asp?k=4928994XPGW6&p=DE-417092984-129

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BUYING | SELLING | CONTACT ME

All data is deemed reliable but is not guaranteed accurate by the RLS or Century 21. See Terms of Service for additional restrictions. © 2020. Century 21 Allstars. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. We are an equal housing opportunity provider. Consistent with applicable law, we do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status (having children under age 18), or religion. Equal Housing Opportunity.