Make it Modular for me, baby!Topic: Home buying
Not sure in modular home because of unclear financing scheme? Relax!
The skyrocketing demand for modular homes now has banks and mortgage companies viewing them as mortgage properties just like traditionally constructed homes.
Financing a modular home is not difficult and buying and building a modular home will probably cost less than building a stick home of the same square footage. So your mortgage costs could be surprisingly low.
The Modular Home Manufacturing Process Because sections of modular homes are all produced at a single factory, the materials which go into those sections will all be shipped to that factory from wherever they are produced. Centralized modular home production means cost savings; the materials used in traditional homes are bought from various supply housed and then delivered to the building site. And often the delayed delivery of one item can hold up the entire construction schedule, even if all the other materials are on site.
Another of the reasons for the lower costs of modular homes is that .because their sections are constructed in the protected environments of factories, their manufacturers can buy materials in bulk, when prices are low, and store it out of the elements until it is needed to fill orders. And because those materials are machine cut with precision, there is very little waste.
Modular Home Construction There is an equally small amount of waste in the modular home construction process. Each section of the modular home is assembled according to the home's plan, and mounted on a prepared permanent foundation. Because so much of the wiring, insulation, and plumbing is already done, there is little delay caused from various contractors' not having the time to spend at your building site.
Once all the sections of your modular home have been fixed together, which is normally a matter of weeks, and not months, you will be ready to move in. You won't have to find and pay for alternative lodging, and keep you belongings in storage, while you wait for your new home to be completed.
All these lower costs mean that the amount of money you will need for financing a modular home will also be lower, and so will your mortgage payments.
The entire modular home process, from start to finish, is designed for cheaper housing. Try and see: traditional mortgage and module home - this combination rocks!
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Not that I've heard.I'm also not sure if your refering to California or Canada.To oibtan a real estate salesperson license in California, you must first qualify for and pass a written examination. Those who pass the examination are provided a license application which must be submitted to and approved by the Dept of Real Estate.You must be 18 years of age or older to be licensed.Proof of Legal Presence in the United States is required. If you are not a California resident, there are other requirementsApplicants must be honest and truthful. Conviction of a crime may result in the denial of a license. Failure to disclose any criminal violation or disciplinary action in an applicant's entire history may also result in the denial of a license.No experience is required however the following education is required;Successful completion of the following college-level courses is required to become a real estate salesperson:Real Estate Principles (must be completed or in progress to apply for examination and must be completed prior to applying for a license); andReal Estate Practice (must be completed prior to applying for a license or within 18 months of license issuance); andOne course from the following list (must be completed prior to applying for a license or within 18 months of license issuance):Real Estate AppraisalProperty ManagementReal Estate FinanceReal Estate EconomicsLegal Aspects of Real EstateReal Estate Office AdministrationGeneral AccountingBusiness LawEscrowsMortgage Loan Brokering and LendingComputer Applications in Real EstateCommon Interest DevelopmentsNote: Members of the bar of any state in the United States or graduates of law schools recognized by the California State Bar will generally qualify on the basis of their education, and as such are exempt from the college-level course requirements. Evidence of admission to practice law, such as a photocopy of both sides of a current State Bar membership card, or of an LL.B. or J.D. Degree should accompany the application.Also, applicants who submit evidence of having completed the eight statutory college-level courses required for the broker examination and license are eligible to take the salesperson examination without submitting further evidence of experience or education.Courses must be three semester-units or four quarter-units at the college level. Courses must be completed at an institution of higher learning accredited by the Western Association of Schools and Colleges or by a comparable regional accrediting agency recognized by the United States Department of Education, or by a private real estate school which has had its courses approved by the California Real Estate Commissioner. Search for approved statutory/pre-license real estate courses.Courses completed through foreign institutions of higher learning must be evaluated by a foreign credentials evaluation service approved by the Department of Real Estate. See Examination Applicant Foreign Education Information (RE 223).Copies of official transcripts are generally acceptable evidence of completed courses. Transcripts of equivalent courses submitted as substitutes for the college-level courses listed above must be supported by an official course or catalog description in order to be evaluated for equivalency.No where on the California website could I find any change taking place for education requirments. You may want to call their office directly and inquire.If on the other hand, you are talking about Canada. That is quite possible because I know that many real estate agents in Canada do have bachelor's degrees. However, I'm still not sure if it's actually a requirement or will be a requirement. It may also depend upon the province.There is also a possiblility that if you are looking at it from an immigrant's point of view, meaning that you want to immigrate to Canada and work there as a real estate agent, then yes, I do believe that immigration would require you to have a degree to immigrate using the skilled worker class. .Good luck to you!
There's a terrific amount of knowldege in this article!
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