*Residential Real Estate (Villa, Duplex, Condo, Single Family Home, Mobiles on Owned Land) Highlands County
May 2008 as of 5/11/2008
Sold Units: 16
Average Days on the Market: 99
Average List Price: $138,809
Average Sold Price: $132,034
Price Differential Sold to List: 95.12%
Price Differential Sold to Original: 88.69%
As of today, there are 8 more properties to close before May 31, 2008.
We have a total of 153 properties* contingent or pending.
Stats for 2008 Jan thru May
Monday, May 12, 2008
Sunday, May 11, 2008
Mobile Homes - Owned Land vs. Rented Land
Whether you prefer a single wide, a double wide, or a modular home might not make that big of a difference. What might be more important to you is whether or not you own the land your mobile home sits on. Both have advantages and disadvantages as well. When you own the land and the mobile is your primary residence, you might qualify for a homestead exemption in the State of Florida - in return you will have to pay property taxes. Mobile homes on rented land do not qualify you for an exemption but you also don't have to pay property taxes in return. From a financial point of view, it might be worth figuring out which is more feasable for you.
Many folks hesitate buying a mobile on rented land. What I mostly hear from buyers is "What if the parks gets sold?" Your best bet is to look at the park itself. Some parks have rented AND owned land, which would make it very hard for the park owner to sell the park. It might also be worth talking to the park owner in person when considering "rented land".
Many folks hesitate buying a mobile on rented land. What I mostly hear from buyers is "What if the parks gets sold?" Your best bet is to look at the park itself. Some parks have rented AND owned land, which would make it very hard for the park owner to sell the park. It might also be worth talking to the park owner in person when considering "rented land".
Subscribe to:
Posts (Atom)
