Terminologies You Should Understand Before Buying a Modular Home in Michigan

Knowing what the terms mean can help you better understand the process and gain an upper hand in negotiations when planning to buy or build a modular home in Michigan. Base Price It is the selling price of a modular home before any upgrades are added. Close It is the act of convincing a home buyer to sign the sales agreement. Some dealers want to close the sale on the buyer’s first visit. A consumer should never sign anything until they have researched at least 3 different dealers and shopped for financing. Closer An employee at a dealership whose exceptionally talented in persuasion and whose only job is to convince the home buyer to sign the sales agreement. Consumer Deposit Usually 5-10% of the modular home’s price that is paid before the home is order or at the time the contract is signed. Equity The ending value of the modular home after subtracting the payoff from the total amount financed. Finance Charge The interest and fees charged on a financed modular home. Fixed Rate M
http://bit.ly/14w7HnB