Example Contract for Selling a Mobile Home
Send signed contracts or affidavits directly to the Secretary of State for a reasonable fee. Also check with the state auto services if you can register the sale and send them a copy if necessary. Some state automotive departments require inspections to verify that the RV on sale is indeed VIN compliant. A mobile home can provide your family with an affordable home without compromising on quality. However, as with anything else, you`d better be well informed. Inclusions and exclusions are also described in the contract. Fittings are usually part of the sale, but can be excluded and removed before ownership is transferred. Fuel and propane are also negotiated in the purchase contract. The contract for the purchase of mobile homes must indicate the day on which day will be concluded.
It is better to also write the time. When the mobile home – previously considered personal property – is part of a real estate transaction, it becomes real estate. This means that the buyer buys the structure of the mobile home and a plot of land. Use an affidavit for this transaction. The affidavit uses the same information as the purchase agreement. However, with the affidavits, the state receives a filing fee that captures the physical land with the structure of the mobile home as property with improvements. The terms Manufactured House and Mobile Home are the same thing. Mobile home is the original term, which is now more often referred to as a prefabricated home and has new certification requirements.
An affidavit must be notarized. You can find ready-to-use models on the Minister of Foreign Affairs` websites and on some motor vehicle websites. Gather all the necessary information about the model and check the property to take special notes about inclusions or exclusions. Note that mobile home parks may require specific insurance or commitment before moving into the park. The mobile home purchase contract is used to prove the legal sale and purchase of prefabricated houses (mobile homes) between a buyer and a seller. The buyer can leave a deposit with the current owner while a thorough inspection is performed. Once the inspection is complete and a favorable result is found, the sale can take place. Once the transaction is complete, it is recommended that a notary testify to the signing of the document. At the end of the document, there is a notarial confirmation. Once the final amount of the sale has been agreed by both parties, a closing date should take place. At closing, the seller transfers ownership of the mobile home by clearing customs and leaving his personal belongings. In most cases, the buyer must bring the title, current/past registration, proof of insurance, RV purchase contract, and government-issued ID.
This guide explains the process in most states for buying and selling a mobile home. If you decide to sell it yourself, the first thing to do is to make all the necessary repairs and thoroughly clean the device. Then you want to create a description and take several photos to best represent the house. Be sure to include the year of construction, size, square footage, manufacturer, style, equipment included, roof type, contact information, and the desired method of payment (usually cash or owner financing). When photographing, make sure you choose an ideal day to capture the best way to showcase your home in a well-lit environment. Take pictures of the exterior and interior, in all rooms, and of any furniture, appliances or equipment you want to highlight. Buyers and sellers must reach an agreement. This also includes setting a price for the mobile home.
As a rule, the seller has a purchase price derived from the type of house sold (e.B. single wide, double wide, triple wide, etc.) in combination with any country that can be included in the sale (if the land is included, it may be better to use the residential purchase agreement). First of all, everything that is stated in your mobile home purchase agreement must be written in a clearly understandable way. They don`t want any doubts or questions about what the deal entails. You`ll want to take a look at all aspects of the mobile home, including heating, ventilation and air conditioning, roof, foundation, electrical wiring, plumbing, and the overall structure of the home. A report is then created, which is distributed to the buyer within one week. After reviewing the inspection, both parties can then proceed with the completion on a predetermined date. On the day of conclusion, the seller wants to be prepared with a completed purchase contract signed by both parties and the title that will be given to the buyer after receipt of payment. If the sale is to be made through financing by the owner, the conclusion of a promissory loan would also be advantageous.
Once the documents are signed and the payment exchanged, the seller can hand over the keys to the buyer. There are many ways to promote the sale of your mobile home. One thing to keep in mind if your home is in a mobile home park is to talk to management to find out if they would be interested in buying. Keep in mind that they may not want to pay for what you ask for. Still, it doesn`t hurt to ask to keep your options open, because in case you`re only selling the house itself, the cost of moving a finished home can be expensive. You need to decide if you want to contact a broker or sales agent to sell the house for you. The cost of an agent can be up to 10% of the selling price, so consider it before proceeding. If you want to hire a sales agent, choose to hire a sales agent who specializes in selling mobile homes, as completing the sale may require specific certification and expertise to do so. There are several reasons why you may want to buy a mobile home.