Owner Finance and Manufactured homes,
Edgewood New Mexico Real Estate, This year has started with a bang, The Kniffin Team has two excepted offers this week,
217 Highway 472, Edgewood/Stanley
and East Willard, Edgewood
We also have three in pending from December 2012. If this is any indication of the real estate market for 2013 we may be looking at a good start on the Real Estate Recovery in our area, Edgewood and the East Mountains. Most indications show home prices have stabilized , this means as inventories decrease we will see values increase for your standard stick built homes.
On the other hand, Manufactured homes still seeing a decline because many are just not able to be financed unless you have a deActivated title and newer than 1978 double wide. If your not sure what (deActivated) means, you can call the Manufactured Housing Dept in Santa Fe, New Mexico and they can help you with that. So if your looking to purchase a manufactured home you can get some great deals, and remember if your credit is not that great you can still purchase on a Real Estate Contract, just ask your realtor to help you look for the finance option, (Owner Finance) . With as little as 10 % down payment you can get your own place and stop renting.
Tip 1, When Buying on a Owner Finance, the more you can put on the down payment the more flexible your terms and interest rate will be.
Any questions call Dan or Lora