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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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How to Buy a Mobile Home in 8 Steps

The Close

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. Installment Agreement Consider dealing directly with sellers or mobile home manufacturers who provide financing.

Land 98
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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?