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Dreaming of Buying a Lake House? Everything to Know Before Diving In

Redfin

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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Flood Plains, High Winds, and Leased Land: Your Guide to Buying a House in Palm Springs

HomeLight

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.).

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How to Buy a Mobile Home in 8 Steps

The Close

Remember the distinct mortgage and land regulations that apply to mobile homes. Manufactured in a factory and placed on a chassis, mobile homes can be set on owned or rented land, providing flexibility for investors looking for affordable housing solutions. Investors need to consider additional costs like transportation and setup.

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What is a Land Lease Fee? What to Know Before Buying

Redfin

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?