Benefits of Buying a Repossessed Manufactured Home
If you’re looking to buy a home, it’s easy to be tempted by the idea of buying a repossessed or foreclosed home. A smaller price tag is always appealing, especially if you’re worried about how much money you can afford to spend.
Although buying a foreclosed home might seem like an affordable way to make your dream of homeownership come true, if you’re considering a foreclosed site-built home, there are some potential pitfalls that could come with it. If a home has been vacant for a while, the yard could be overgrown or the inside might need some repairs to get back in good shape. The previous owner might have been angry about losing their home and vandalized the property before leaving. If you’re thinking of bidding on a foreclosed home at an auction, there’s a chance you might not even get to go inside the house before bidding, let alone have a chance to have it inspected first.
Repossessed manufactured homes, on the other hand, are not only a very affordable option, ones located in communities could also spare you from the headaches that can come with a foreclosed site-built home. If a home in a HomeFirst™ community is repossessed, we usually buy it right back from the bank so we can sell it at a reduced price. Not only does this give you the chance to buy a home for a great price, we even completely fix it up so you can rest assured that your home will be just like brand new when you move in. You’ll also be able to have access to all community amenities like swimming pools, fitness centers, athletic courts, and more for no extra cost, giving you an even greater value.