Articles by Raden Payas: Author at The Mobile Home Dealer

https://youtube.com/watch?v=1jvGSZNaUtI What Does Buying a Sarasota Mobile Home in “As Is” Condition Really Mean? When shopping for a mobile home in Sarasota, buyers often come across listings that state the property is being sold in as is condition. While the phrase sounds straightforward, it frequently confuses both buyers and sellers. Many people assume it means something different than it actually does, which can lead to unrealistic expectations during the transaction. With rising real estate prices locally and across the country, sellers naturally want to take advantage of favorable market conditions. At the same time, buyers want clarity about what they are agreeing to. Because of this, understanding what “as is” truly means is critical before making or accepting an offer on a...

https://www.youtube.com/watch?v=1l7x2wD31U0 When real estate is discussed in the media, most of the attention goes toward rising prices, bidding wars, and affordability. However, one topic rarely gets the spotlight, even though it directly affects long-term ownership costs. That topic is property taxes. For traditional homeowners, property taxes are a predictable annual expense. For mobile home owners on leased land in Florida, the situation is very different. Property taxes are yearly fees paid to the county where a home is located. Each Florida county sets its own tax rate, usually based on the assessed value of the property. On average, property taxes across the state hover around 1 percent of a home’s value. Therefore, a $100,000 home could generate a $1,000 annual tax bill. These...

https://www.youtube.com/watch?v=4NQ5q9gkvL0 Many buyers find a mobile home they truly like, only to realize that the location may not work long term. In those situations, a common question comes up. Can the mobile home be moved to another mobile home park or even to private land? This scenario comes up weekly when buyers review mobile home listings with The Mobile Home Dealer. Although the word “mobile” suggests flexibility, the reality is more complex. Understanding how mobile a mobile home actually is requires looking at Florida regulations, the age of the home, and the cost and feasibility of moving it. Sarasota, a Gulf Coast city near Tampa Bay, continues to attract new residents because of its beaches, cultural scene, and growing business environment. As more people relocate to the...

https://www.youtube.com/watch?v=8kOVev6-WEo Many buyers ask how to insure a mobile home when they own the structure but lease the land it sits on. Just as often, they want to know whether the same insurance options available for single-family homes also apply to mobile homes on leased land. These questions usually come from people who are new to the mobile home space and want clarity before making long-term decisions. For this discussion, the focus remains on mobile homes on leased land, which is the primary area of specialization for The Mobile Home Dealer. Understanding how these homes are classified in Florida is the first step toward understanding insurance options. How Mobile Homes on Leased Land Are Classified In Florida, mobile homes on leased land are titled as personal property...

https://www.youtube.com/watch?v=8kOVev6-WEo&embeds_referring_euri=https%3A%2F%2Fwww.sellmobilehome.com%2F The Sarasota real estate market has experienced an intense surge over the past few years. As of mid-2022, the average price of a single-family home in Florida reached roughly $382,000, while used mobile homes typically ranged between $10,000 and $25,000. By comparison, the national average home price hovered around $385,000. Although Florida appears competitive on paper, Sarasota continues to attract buyers due to lifestyle benefits, tax advantages, and a favorable cost of living. Because prices have climbed steadily, many buyers now ask whether mobile homes are following the same upward trend. To understand the situation, it is important to look at how mobile homes on leased...

https://youtube.com/watch?v=TvjO4-DPGdE Today we are going to begin a short mini-series entitled “How To Not Get Your Home Sold”. I feel that this is a topic that very few people want to discuss, as everyone wants to know how to sell their home, but they never talk about what to do or not to sell it. Within this series, I will go over examples from personal situations we at The Mobile Home Dealer have gone over in the past that led to a Seller not getting their homes sold even after we had a Buyer with cash in hand who was ready and willing to purchase their property at an agreed upon price. Although some of these situations may seem downright goofy, I promise you, these have all happened to one or more of our team members when trying to sell a mobile home for one of our clients. With...

https://youtube.com/watch?v=FYu52iW5VV0 Where Are The Hidden HOA Fees In A Sarasota Mobile Home? Last week’s blog entitled, “How a Lower Mobile Home HOAs Cost You More Money” got quite a bit of attention from those who read it. We have a question from one of our followers, Ms. Janice Carson, on Facebook who wrote to us directly stating, “Hey Mark, I don’t understand why a lower payment per month will equal more money over time. Mark, could you please explain the additional monthly payments that you’re referring to when owning the land attached to the mobile home?” Sure Janice, I would be happy to dive deeper into this for you and thank you so much for the question! For all you other viewers and readers out there, if you’re interested in me or one of our other team members going through...

https://youtube.com/watch?v=225UL91fzzc Do Sarasota Mobile Home Appreciate Or Depreciate? The question is always asked to us at The Mobile Home Dealer, do mobile homes on leased land appreciate, or do they depreciate? Before we get into that answer, we need to do a quick review of what exactly is a mobile home on leased land. When purchasing a mobile home on leased land in Florida where you are physically owning the home but are paying a monthly lot rent payment to the park then that home is viewed as personal property, not real estate. As mentioned in a previous article, this will mean that the home is just like buying a vehicle as these homes have titles and not deeds associated with them. As we all know, cars will depreciate rapidly, especially when they are taken from brand-new cars...

https://youtube.com/watch?v=hBvIeiny0r4 How Lower Mobile Home HOA Payments Cost You MORE MONEY! How does the title of this article make any logical sense? Don’t get confused with the title of this article and don’t assume that this is just clickbait because this is not. Hear me out first and thank me later! How can one pay a lower HOA payment per month and wind up still paying more money at the end of the day?! I know what you are thinking, “Mark, to your admission, you are not a math major, but you have this one backward, buddy.” Now, before you jump on this bandwagon about my lack of math skills, please hear me out on this one! We can all agree that one of the driving forces for purchasing a mobile home is a desire to obtain affordable housing. With skyrocketing real estate prices in...

https://youtube.com/watch?v=UQ9Zt5jd8zI How To Price Your Sarasota Mobile Home How are you able to obtain the most accurate way to price your mobile home that is for sale when the mobile home is on leased land? With the rising real estate market that we are all seeing throughout the country, it is natural to think that selling your Sarasota Florida mobile home is the right thing to do now in an attempt to cash in on all the Buyers looking to relocate to Florida. Is there a way that we as licensed mobile home Brokers in the state of Florida can state that without a doubt, your home is worth this amount? Most people in the mobile home industry would say yes. That the best way to do this is to look at other homes in the community with the same size and home sites, similar beds and baths...