# House I'm looking at buying turns out to be "manufactured", what's it mean?

**URL:** <https://boards.straightdope.com/t/house-im-looking-at-buying-turns-out-to-be-manufactured-whats-it-mean/309932>\
**Category:** Factual Questions\
**Created:** [June 26, 2005, 5:28pm UTC](https://boards.straightdope.com/t/house-im-looking-at-buying-turns-out-to-be-manufactured-whats-it-mean/309932 "2005-06-26T17:28:59Z")\
**Posts on this page:** 2\
**Page:** 3

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**Author:** ![Balthisar](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/balthisar/32/2825_2.png) [@Balthisar](https://boards.straightdope.com/u/Balthisar)\
**Post date:** [June 27, 2005, 11:43pm UTC](https://boards.straightdope.com/t/house-im-looking-at-buying-turns-out-to-be-manufactured-whats-it-mean/309932/41 "2005-06-27T23:43:44Z")

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> [@sciguy](#):
>
> (switching lenders due to the original not underwriting manufactured homes, insurance, appreciation/depreciation of future value)

I don’t know how I missed that. Right there’s the biggest clue that you’re looking at a trailer. Modular homes that meet local codes will happily be financed by the vast majority of banks and mortgage companies.

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**Author:** ![Metacom](https://avatars.discourse-cdn.com/v4/letter/m/ecae2f/32.png) [@Metacom](https://boards.straightdope.com/u/Metacom)\
**Post date:** [June 28, 2005, 12:13am UTC](https://boards.straightdope.com/t/house-im-looking-at-buying-turns-out-to-be-manufactured-whats-it-mean/309932/42 "2005-06-28T00:13:32Z")

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> [@sciguy](#):
>
> Plus the fact that there was a long period of waiting (the property is a “short sell”, the sale price isn’t going to pay off the current owner’s mortgage) followed by a hectic week of information overload once the sale approval went through.

If the current owners are the original owners, that there’s a warning sign. You said the place was built in 98; that means they’ve owned it for 7 years–and it hasn’t appreciated enough to pay off their mortgage? Unless they overextended themselves on home equity loans, or they weren’t the original owner, this would make me very, very nervous…

> [@](#):
>
> Add to that a case of “big purchase” jitters (it’s my first home), and the fact that people keep telling me that we can close tomorrow ( :eek: ), I’m surprised I’m holding up this well. 🙂

If people tell you that you can close tomorrow, tell them you can just as easily close next month.

Almost everyone involved–from the real estate agents, to the loan officers, sellers, and insurance agents–benefits to varying degrees from selling this home to you as soon as possible. However, it doesn’t sound like buying it as soon as possible is in _your_ best interests, and it doesn’t sound like it’s a market hot-potatoe. So, no matter what you decide, take your time and do your research. Don’t get rushed into it.

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