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Welcome Home!! Welcome to your new, cozy home. This home features three bedrooms and two full baths. The kitchen comes equipt with all you need except your dishes! The glass stopped electric stove, side by side double door refrigerator and dishwasher are included. Table space in the kitchen. Gas is available if you wish to replace the stove with gas. The laundry room comes with a clothes washer and dryer. Central air cools the home. A two car carport will keep your groceries out of the rain and your cars snow free in the winters. This home would be perfect for a couple, single mom or a bachelor as it's 1,050 sq feet.
The home is located inside East Bay Manufactured Home Park, off North Road. East Bay is one of the finest Parks in the area with easy access to US-23 Expressway and everything Fenton. The lots are a bit larger than most Parks, and the Park does not allow renter or ex-Felons. Most residents are middle age or retired. Small pets are allowed up to 20 pounds. You see neighbors walking and talking most days. The Park owns a lake front lot for residents use to swim, fish, picnic or sun bath. Base lot rent is an affordable $420.00/month. This home is priced at $19,900 cash or new mortgage and we will help with the mortgage paperwork.
Market conditions determine the value and selling price of any home. Don't believe me? Site built homes that were selling for $500,000 before the recession were selling below $400,000 after the recession hit in 2006. The same thing happened in the Manufactured Housing industry only much worse because generally these homes are purchased by lower middle income earners with less stable jobs. There were a lot of repossession which dropped the value of owner occupied homes.
Today's market is unusual. There seem to be fewer owners moving and fewer homes for sale. That drives your homes value up. The old rule "supply and demand" applies. There are a fewer buyers competing for homes. Fairly priced homes in "move in condition" sell fairly rapidly. Others rules still apply like "location, location, location. " Lot rent seems to be moving higher and higher as more parks are sold and the new owners are recovering their costs. I'd be happy to give you my best appraisal. DAta Comp will provide a market value based on recent sales.
Manufactured Homes are titled like an automobile. The Secretary of State of Michigan issues the title. A newly purchased home owner must present to existing Home Title at the Secretary of State , fill out the paperwork for a new Title and pay 6% sales tax plus $95.00 title transfer. If you have obtained a new mortgage, the Mortgage company will likely handle this. The Mortgage holder may hold your title, although, by Michigan law you are entitled to hold it. These homes generally will not be mortgaged through a traditional Bank. There are only two or three companies that will provide new mortgages. Typically you will need a 600 + credit score and 10% down payment. We will help you obtain a mortgage. Note, most parks will not accept ex-convicts or "vicious" breeds of dogs
We are available to help Buyers and Sellers as they journey through the sale or purchase of a Manufactured Home. We've been selling Manufactured Homes in S E Michigan for almost six years and as a Licensed Retail Broker for four years. The State of Michigan holds our license and requires that we maintain a Bond.
Over the years we have met and know several contractors who we recommend to handle both large and small projects as well as a wood floor specialist. We happy to provide their names on request.
I don not rely on the sales of Homes as my sole source of income and therefor I am able to charge less commission than my competitors. Homes that I list are advertised on five different web sites and my "For Sale" Signs are in three color and customized for each home. I don't know of any other dealer than can do that.