1 11, 2018

6) As part of the buying process, the buyers customarily pay for the float and house inspection which, in total, cost about $1,100.

By |2018-11-01T21:11:20-07:00November 1st, 2018||

Even if you are paying cash for the floating home, I highly recommend every prospective buyer obtain a float inspection. A float inspection costs around $750 and the buyer customarily pays for it. Skipping the float inspection in order to save $750 is not recommended.  Not knowing the condition of the float prior to purchase

1 11, 2018

5) You will be required to pay additional fees of about $190 up to $1,000 per month to the moorage.

By |2018-11-01T21:11:12-07:00November 1st, 2018||

Half of all floating homes are located in rented slips (where the floating home owner leases the slip from a moorage landlord).  The other half are in owned slips (where the floating home owner is part of an HOA which owns the slip and a share in the moorage). Regardless of whether the floating home

1 11, 2018

4) Some floating home moorages do not allow dogs at all and almost all moorages prohibit Airbnbs.

By |2018-11-01T21:11:29-07:00November 1st, 2018||

Every floating home moorage is unique. Some moorages place restrictions on the quantity, breed or size of dogs allowed and some do not allow dogs at all. Nearly every marina prohibits the short-term subletting of floating homes. Most do not allow long-term rentals or subletting. Breaking these rules may likely result in the floating home

1 11, 2018

2) There are only 2 lenders who will finance a floating home mortgage in Oregon.

By |2019-02-18T11:36:38-08:00November 1st, 2018||

Under certain limited circumstances, there is a 3rd lender. Unless you happen to bank at one of these institutions, your bank will not make a loan on a floating home. Floating homes are not considered real estate.  They are real property, therefore they cannot qualify for special loan programs, low down payment options or the loan

1 11, 2018

1) If you find a floating home for sale at under $150,000, then you can likely deduce that you will need to buy the house with CASH.

By |2019-02-18T11:26:45-08:00November 1st, 2018||

If the floating home is listed for sale at an asking price of under $150,000, it very likely could be the case that it does not have a float that would be in good enough shape for the house to qualify for financing in its current condition. Banks/Lenders will not lend on a floating home

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