Manufactured home (MH) retailer Wisdom Homes of America, Inc. (OTCQB: WOFA), based in Tyler, Texas, is teaming up with Sherman Countryside, LLC to sell MH to consumers who will purchase homesites on land developed by Sherman in six subdivisions comprised of 185 developed lots in Sherman, Texas. Wisdom Homes will continue to open retail centers near the subdivisions and throughout northern Texas.
Jim Pakulis, CEO of Wisdom Homes of America, says, “We’re taking a successful model, which is opening and operating manufactured home retail centers in Texas, and making it even better for the home buyer. By offering move-in-ready, quality, affordable homes we increase our revenues and decrease the length of time it takes for a home buyer to move in. In short, it saves the home buyer time and money, especially since they no longer need to obtain expensive construction financing.”
Sherman Countryside will be owned by investors who purchase identified, fully improved residential lots in Sherman, Texas, and purchase homes employing an exclusive agreement with Wisdom Homes which will then sell the land-home packages to consumers. Pakulis and Brent Nelms, the president of Wisdom Homes, will manage Sherman Countryside Management, LLC, a recently formed entity, according to CNNMoney.
Says Nelms, “We see the land-home package as an excellent complement to our retail office model. And there are tremendous real estate opportunities in key areas in the heartland right now. Once we get the Sherman development and sales under way, then our goal is to expand on the retail office, subdivision model.”
As MHProNews has reported numerous times, the most recent being April 3, 2015, Texas is far and away the leader in shipments of MH. Sherman, Texas is near the Oklahoma border. Oklahoma ranks number ten of all the states in shipments. ##
(Image credit: Wisdom Homes of America)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.