If you own a mobile home that is in a mobile home park, selling your home can be just a little different than selling a home on land that you own. There are a few reasons for this, and there are a few important things you need to know.
1. It is really important to understand that even though a Realtor can help you with the sale of your mobile home, a mobile home is personal property not real estate property. How does this affect you? First, of all it means that it is very difficult to find a bank or lender that will give a buyer a mortgage on a mobile home. We are going to be primarily looking for cash buyers. There are a handful of places that are able to give buyers a loan on a mobile home, but they are very few and far between. CASH IS ALWAYS BEST, in any transaction; however, this is especially true with a mobile home.
2. We will need to have the original title for your mobile home prior to listing. I will need a copy of this for our records. To transfer the home a buyer will need the original title. I point this out because sometimes people misplace things. I have done it. We all have. No judgment here, but we still need to fix the problem. So how do you do it? On each mobile home is a HUD plate with the serial number of the home. This is usually located in one of two places: outside, near the front door, or under the kitchen sink. When you find it copy the title number, serial number, make and model of the mobile home, and take it to the DMV. They should be able to issue you a new title, and if memory serves me correctly, it will cost less than $50.00.
3. This is very simple, but you will need to check with you park management as soon as you decide to sell. Because you do not own the land many park owners/managers want to be kept in the loop. Some may even need a two week or month notice prior to listing. You just want to know this up front, so we know our timeline. Also you will want a copy of the park rules & regulations, because we will need to provide them to a buyer, and the sooner you can get them to the buyer, the less hassle there will be for you.
That is pretty much it, but if you or someone you know is thinking of selling in a mobile home park in the near future these are important things to keep in mind.
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