Can A Buyer Cancel A Mobile Purchase Agreement In Florida?

You have finally decided to make the tough decision to sell your Sarasota Florida mobile home.

The memories have been great and ones you will forever cherish but, as often times happens, life has changed once more and it is time for you to sell your Sarasota Florida mobile home and move on to the next step in your life.

Closing day finally arrives and something unexpected happens, the Buyer cancels the the purchase agreement and is now no longer ready to to buy your mobile home?

Wait, can that happen?

We, here at The Mobile Home Dealer, have seen this happen a handful of times and wanted to address what can and cannot happen when the Buyer decides to not go through with the purchase of a Sarasota Florida mobile home on leased land.

In Florida, when a mobile home is located within a mobile home park that is on leased land then this property is viewed as and taxed as personal property, not real property.

What this means is that the property you are looking at selling is the same as buying or selling a vehicle here in the state of Florida.

With this understood, can the Buyer of the mobile cancel the purchase agreement before actually buying the mobile home?

Disclaimer:

We at The Mobile Home Dealer, are not attorneys, nor is this any type of legal advice, this is simply our experience within the mobile home industry and nothing more.

In all of the mobile home sales that we have completed at our firm we have seen the Buyer cancel a mobile home purchase agreement a handful of times. much to all of the parties involved misery.

After the first time this event took place we moved forward and required that the Buyer of a mobile home within the greater Sarasota Florida area be required to put down a $3,000 deposit towards the purchase price of the home they are buying.

This down payment will be put towards the total sales price of the mobile home that they are purchasing.

The reason for this deposit is that we feel this requires the Buyer to have a little skin in the game so that they are unable to go around Sarasota County tying properties up without actually having the desire to ever purchase them.

This required deposit is taken in either a cashiers check or money order, personal checks, business checks and cash are not accepted.

Once we have the $3,000 deposit put down on the home we then will require that the Buyer be in a position to close on the property within 72 hours unless the Seller needs additional time to move out.

Requiring a down payment along with quick action to close on a property has helped us at our firm bring down the cancellations of Buyers backing out of the purchase agreement to it nearly never happening again.

While everyone involved in a transaction certainly hopes that the agreement will go through without issue and the closing day will be a happy one for all to remember it is important to note that a sale is not actually closed until all documents are signed and the money has been transferred from the Buyer to the Seller.

Allowing yourself to have proper expectations throughout the entire sales process will help you, the mobile home Seller, in understanding what can happen at a mobile home closing.

This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.

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