Selling a house that was initially bought as a Modular Home

[Abdul Rauf M.]

Hi all,

My question is mainly directed to the realtors here.

I have a lot that I am intending on demolishing the present house, and then placing a nice modular home on it and eventually sell it off. Doing up a new construction seems too pricey and the comps in the area of the house does not really support a newly constructed house sale but when I saw the price of a modular home, it seems to make more financial sense. After doing a bit of research on modular homes, it seems that the banks treat it the same as "stick-built" homes since these Modulars are not Mobile/Manufactured homes. And the claims are that modulars are even better quality in its built. The only downside is that it needs to be transported to the location and that may cause some form of stress to the property while en route to its destination.

My concern is that when I spoke to the agent who is assisting me, she mentioned that a modular home will not be listed as a Single-Family unit in the MLS. Is this correct? She is checking on this again and I am really hoping to move this forward. How are modular homes classified in the MLS or sold in the resale market?

Any advices are greatly appreciated.