Article Abstract:
The manufactured housing industry performed strongly in 1996. The market's strong growth can be attributed to a number of factors, including the increase in the number of lenders serving the industry, the high costs of site-built houses, the growing interest of aging baby boomers in manufactured housing, and the support of state and local governments for retailers arranging land/home packages for their customers. The Manufactured Home Merchandiser magazine is conducting a survey to determine how such growth is affecting the retail side of the manufactured housing industry.
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Article Abstract:
Owners of a manufactured home community need the services of a broker who specializes in valuing and marketing prefabricated houses in planning a sale. They also need to be aware of how prospective clients assess properties, which include the location of the property, the number of rentable home sites as well as the amenities of the property. In the sale process itself, an offer to purchase or intent letter is required to be presented by the would-be client. The owner should ensure that a legal counsel has already evaluated the draft of the contract before signing it.
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Article Abstract:
Questions frequently asked by dealers of manufactured homes to floorplan lenders are presented. Floorplanning can be a profitable business for housing dealers and there are many floorplan lenders with creative financing programs and services. The former can find the right type of programs and services appropriate for their businesses, whether to finance amenities, model homes or to make improvements in their retail sales center.
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