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Such as Pine Lakes, Fairways or Del Tura in Ft Myers area. several questions...
1. can someone over 80 get financing if they have superior credit?
2. If you pay all cash what are inspection requirements for insurance? Is insurance expensive?
3. In manufactured houses what are problem areas to be watchful for?
4.what is normal time span between sale and move in ?
5. is there any place to see asked for prices and actual sale prices in recent history?
6. What is lot fee based on and is there a cap on how high it can go?
7. when you buy a home is such area what is your guarantee the property owner will not sell the park/land? What if you buy a lot in said area?
8. Is it better to deal with the realtor for the park than to buy from private party?
1- You can get financing at any age. It is illegal to discriminate based on age. However, most lenders won't touch mobile homes, especially those on leased land in parks. If you search hard, you might be able to find a lender that would lend if you use FHA financing. FHA will only lend on mobile homes built 1976 & newer.
2- Call local insurance companies and ask. Rates and requirements vary.
3-Get a home inspection on anything you buy. Manufactured homes depreciate- they have a limited life span. Get it inspected before you buy.
4- If you pay cash- a few weeks . Mortgage 4-8 weeks
5- You look up sales on such internet sites as zillow,com, & trulia.com
6- The owner of the park can charge anything he likes for lot fees. Most fees are high, but include water, sewer, trash, road & grounds maintenance plus whatever amenities the park might have like a swimming pool, clubhouse, etc. There are no caps.
7- The park is a commercial venture. The owner can sell at any time. New owners can change rates, park rules to anything they life. Example- you can go from pets allowed to no pets.
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