Manufactured Homes For Sale in and near Greater Victoria BC
Manufactured Homes are defined in the Manufactured Homes Act of BC as a structure used for dwelling or business purpose that is designed to be moved from one place to another, although wheels are not necessary. Although Registration of Manufactured Homes is Required in BC, this registration does not offer the same protection under the law as the Torrents System used for Land Transfers.
Manufactured Homes For Sale In and Near Greater Victoria, are most likely found in the following Communities.
Esquimalt/View Royal Border
On the Malahat
The majority of Manufactured Homes For Sale in and Near Greater Victoria are placed on Leased Land (plots/pads) and are fully serviced with water & sewer as part of a monthly lease rate. The cost for hydro, phone and cable etc. are at the responsibility of the home owner. Monthly lease rates in and Near Greater Victoria are between $ 300 to $ 600 per month and will include a variety of services. There are a few Co-op “parks”, in which you buy a share in the company that owns all the land and your share purchase represents your interest in the allotted plot, (not the home) although both share and home are often sold in combination.
If a manufactured home is attached to land and or sold with the land (relatively rare in and near Greater Victoria) there would not be any monthly lease fee, and the home owner would be solely responsible for all utilities and services. Photo Source : Wikimedia Commons.
FREE Buyer CA$H, When You Buy With Peter. Not to forget, when you Buy your home with Peter Pfann as your Agent, You are also eligible to receive Free Buyer CA$H, within days of your moving day, Learn how much FREE CA$H you could receive here.
After reading this blog, you just want to see some homes for sale in View Royal BC so that you can move there soon, here are the Manufactured Homes For Sale in and near Greater Victoria BC
Our live feed to view Currently For Sale Properties is directly from the Greater Victoria MLS® System and is updated multiple times a day. From this link you can see all the details and photos of the homes currently for sale, and you are also able to create and save your own customized home search as well.
If you currently own a Manufactured Home in or near Greater Victoria, and are considering to move Request your personalized Manufactured Home evaluation. Not only will you receive a Free Market Value Estimate for your Property, You will also Learn how Much You’ll Save Selling with Peter Pfann’s Pfanntastic 1% Pay-less Realty on MLS system.
Questions about Financing your Manufactured Home in or near Greater Victoria?
Affordable, Low and Minimum Down-Payment Options For Manufactured Homes For Sale in and near Greater Victoria BC, Exist.
Manufactured Homes For Sale in and near Greater Victoria BC are typically a little harder to get approved for most types of financing for qualified buyers. Conventional financing, High ratio financing, CMHC insured financing, and Home Improvement Mortgages are nearly impossible for Manufactured Homes, unless the home sits on its own land and is deemed part of the land.
The most common method to finance Manufactured Homes is by way of a Chattel Mortgage and or the use of some Creative Financing Options. In General Manufactured homes are treated like a “depreciating” asset by lenders, and as such they rarely want to consider any form of their normal home financing options.
Traditional lenders may be willing to typically finance up to 50% of the purchase price, so a considerable down-payment may be required. Alternate option may include, Owner financing assistance and our best experiences have been with the smaller localized credit unions. For example The Community Credit Union in Chemainus and on Quadra St. in Victoria, Island Savings Credit Union, and a few others.
A Few Manufactured Home Cautions: Most of the Manufactured Homes for Sale in or Near Greater Victoria are on Native (leased) land or could be part of a Co-op, both ownership forms require some specialty type understanding and financing skills….
This is more a matter of education and understanding, and not a matter of higher risk to the home buyer, and should be the key reason why Manufactured Homes For Sale in and near Greater Victoria Are the most affordable home purchase option at this time.
As the purchase and sale of a Manufactured Home in or near Greater Victoria is more detailed and slightly more complex in a number of areas, working with a experienced legal, financing and and Real Estate Team, that knows their way around the issues, challenges and opportunities will not only save you time and frustration, you will avoid potential problems and save you thousands of dollars in the Process.
Text or Talk To Peter Pfann 250-213-9490 and get Real Estate your questions answered.