Selling a mobile home can be as cumbersome a task as selling any other home. Before the recent housing collapse, the prices of mobile homes had increased phenomenally. In fact a two-bedroom mobile had gone for as much as $2.7 million. The price seems high because in that amount of money owners of homes do not manage to own the land on which the house is built. Therefore they have to pay the landowner rent for the property with few chances of getting a mortgage.
Selling a mobile home is quite similar to selling any other home. It also requires similar legal formalities and payment of all dues like property tax. A signed declaration regarding payment of these taxes has to be handed over to the new owner along with transferring the title to the new owner. The authorizing office has to be informed about the transfer of the title of ownership. This has to be done so that all future taxes are billed for payment to the new owner of the mobile home. Rules and laws vary from place to place and some areas require that a mobile home retailer’s license must be obtained, by the person involved in the business of selling mobile homes.
Buying a mobile home is one thing and selling it after a few years is quite another. Selling the mobile home is almost similar to selling any thing else. Proper marketing techniques can hasten the process to a more lucrative end. Taking the help of a realtor who sells homes, is also an option open to someone wanting to sell a mobile home. Advertisements would have to be printed in the local papers and can also be put up in prominent places. Once word about the sale is out, a lot of interested parties would like to come and visit the mobile home. They would like to see each and every detail and also get to know about the land and the rent to be paid for it and to whom. The age of a mobile home is more important than that of any other home.
Interest in buying the mobile home will be shown by many people. Some would have to be struck off the list of prospective buyers due to the amount they are offering. Soon a single buyer would emerge as the most likely customer. Generally the seller of the home would be planning to buy another home out of the money he gets. He would have to compare the value of the two, whether he is getting enough from the mobile home to buy another place. He might even wish to purchase another mobile home. A gap between the prices of the two properties would have to be filled by a loan or by borrowing from friends and family. The gap can be substantial if a person is selling to sell a two bedroom mobile home and buying a three bedroom one.
In such deals where there is a sale on one side and a purchase on the other, the services of a realtor come in handy because paper work and legal formalities have to be completed for two properties, which may be difficult to handle alone.