HomeLight
MAY 12, 2021
You’ll have to navigate land leases, HOA requirements , and stiff competition from other buyers set on purchasing your picture-perfect property. Get your home inspected. And he says it’s not just the inside of the home you need to inspect thoroughly. Some people also get a sewer inspection, but these aren’t common.).
Redfin
JULY 10, 2025
Waterfront land leases You may own the house, but it could be on leased land owned by the government or other agency. Buying a house on a lake means taking over whatever lease the land owner has put in place. You may have to account for price inflations if the lease ends while you own the house.
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The Close
DECEMBER 5, 2024
When investing in mobile homes, add up all costs, including purchase price, transportation, installation, insurance, maintenance, and land leasing. For used homes, inspect the foundation, walls, and plumbing. You must also account for insurance, which is often more expensive for mobile homes than conventional homes.
Redfin
JANUARY 23, 2025
Some real estate terms are easy to understand – sprawling views, excellent location, and home inspection. One of them is land lease fee. However, it serves buyers well to know if a land lease fee applies to a prospective property, and what that might mean in the long run. ” What is a land lease?
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