Land and home packages in Oklahoma
A land and home package is land and a house sold together as one property. Ours is finished before you buy: the land, the groundwork, a new HUD-code manufactured home, and often a shop, sold with one closing.
What's in ours
- The land
- Acreage in Creek County, Oklahoma that we bought and hold title to. We're not wholesalers — our name goes on the deed.
- The groundwork
- A cleared and graded home site and pad, an on-site sewage system permitted by Oklahoma DEQ, water service, electric to the house, and a driveway and culvert.
- The home
- It's a new manufactured home, built in a factory to the federal HUD building code, inspected by a third party before it ships, then set on a permanent foundation on the land.
- The second building
- Where a property has one, it's a detached building with a concrete floor. Each listing gives its real size.
- One property, one closing
- The manufactured-home title is cancelled before closing, so the house and the land are a single piece of real estate, bought with one contract and one closing.
For who does what at each stage, and what you get to check, see how it works.
How it compares
"Land and home" means different things depending on who's selling.
- Buying a home and a lot separately
- You buy the land, then buy a house, then hire out the site work: septic, water, power, the pad, the driveway. That's several contracts and often several loans, and you carry the land while the work gets done. With a package, that work is finished and already in the price.
- A home on leased land
- The house sits on ground somebody else owns, such as a lot in a community, and you pay rent for the lot. You own the house but not the land, so the house usually stays personal property. A package is the opposite: you own the land and the house together.
- A dealer's land-home loan
- Some home retailers sell a "land-home" deal where one loan covers the house and the land. What's bundled is the financing. The land, the site work, and the timing are often still yours to sort out. With ours, what's bundled is the property itself, and it's finished before you make an offer.
Is it a fit
It fits if you'd rather walk a finished house than run a build.
You see the actual house, on the actual land, with the septic, water, and power already in. Your lender's appraiser sees the same thing. Because the house and the land are one piece of real estate, it's bought with an ordinary mortgage or cash. More on financing.
It doesn't fit if you already own land and want a house put on it. We don't do that today. We sell finished places on land we bought, improved, and hold title to.