When looking at buying a mobile home within the greater Sarasota Florida area that is located on leased land one needs to realize that the purchase, sale and closing actions are totally different then that of a traditional single family home.
The reason for this is because, in Florida, a mobile home that is sold on leased land is viewed as and taxed as personal property and not real estate.
What this means is that the purchase process is the exact same as buying a vehicle.
So, with this understood, how long should a traditional closing take when the mobile home you are looking at buying is located in a mobile home on leased land?
Before we get to the actual closing part of the mobile home it is important to know that when working with a licensed mobile home broker, such as The Mobile Home Dealer, each transaction can only be completed after the Buyer has been approved by the mobile home park for park residency.
This is known as the park approval process.
The park approval process is needing to be done and successfully completed prior to the closing of any mobile home because, without it, the Buyer cannot buy the mobile home as they are not allowed to be a resident in the community.
After the park approval is done and on file with then the closing can happen immediately afterwards if both the Buyer and Seller are ready to close.
It is not uncommon for the mobile home Seller to still be in the home when the Buyer has been approved so, normally a 30 day close is reasonable for the Seller to be able to move their belongings from the property so that the Buyer has the ability to move in right away on the date of closing.
If the home is vacant and the park approval has been completed then there would be no reason why the Buyer of the mobile home would not be able to move in to their new home right after signing the purchase paperwork!
If the Seller is looking to have an elongated closing, greater than the traditional 30 days, then this will need to be further negotiated during the sale of the home. We would caution all Sellers, however, that if this is the case you may want to reconsider putting your mobile home on the market to sell until you are within the 30 day window of being able to move out of the property. The reason for this is because since mobile home sales can move so quickly when they are located on leased land most Buyers do not want to wait an extended period of time to move in being enjoying their new Sarasota Florida lifestyle right away and they certainly may walk away from buying your home.
When looking at selling or buying a mobile home located on leased land in the greater Sarasota Florida area always remember that once there is an accepted offer in writing and a park approval on file then the closing and move date can be had right away!
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.