Finally we are all shoveled out from the big storm that dropped about one and a half feet of snow. The real estate market has showed a little slow down during this year's biggest snowfall. Today we had only 9 new properties on the market in the region and only 7 sales. I believe as we get some warmer temperatures activity will pick up for both buyers and sellers. Hawley had one new home on the market today and was a 2005 built home on 2 acres for $349,900.
One interesting note on mortgages and manufactured homes was discovered this morning. In the past it has been nearly impossible to get financing to purchase a manufactured/mobile home on a lot. I have discovered one lender that is doing financing now for those properties. With some reasonable stipulations, Wells Fargo does finance those types of properties. The financing options include FHA, VA and Conventional loans. Rural development loans do not qualify for those types of properties however.
Only 9 new properties on the market yesterday in the entire region. Yesterday had 8 sales which is pretty quiet. Hawley still has only 21 homes on the market. Must have been the snow that slowed down the market yesterday....
One interesting note on mortgages and manufactured homes was discovered this morning. In the past it has been nearly impossible to get financing to purchase a manufactured/mobile home on a lot. I have discovered one lender that is doing financing now for those properties. With some reasonable stipulations, Wells Fargo does finance those types of properties. The financing options include FHA, VA and Conventional loans. Rural development loans do not qualify for those types of properties however.
Only 9 new properties on the market yesterday in the entire region. Yesterday had 8 sales which is pretty quiet. Hawley still has only 21 homes on the market. Must have been the snow that slowed down the market yesterday....
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