Thank you for taking a few minutes out of your busy day to learn about what needs to be done during the closing of a mobile home on leased land down here in Florida.
After reviewing the details of what happens during a closing today we hope that you have a much better idea of what documents need to be completed, how they need to be completed, and what you can expect when you get to the closing table to buy your new mobile home.
To start, I want to stress to all of you folks who are watching that we at The Mobile Home Dealer are licensed mobile home brokers with the State of Florida. What that means is that we will be doing certain things that other non-licensed Sellers do not have to do as we are licensed by the state of Florida to sell mobile homes on leased land.
Some of the items we discuss today may not be needed if you work with a non-licensed person when purchasing a mobile home on leased land.
The first document we will need is a purchase agreement signed by both the Buyer and the Seller.
Our purchase agreement here at The Mobile Home Dealer is a very basic five-page document that goes over the price of the home, where the home is located, and the actual address of the property.
The next document we have the Buyer sign is a Seller Disclosure Sheet.
This is an important one that the Seller needs to read thoroughly and fully understand what they are buying. The Seller Disclosure Sheet is filled out and signed off on by the Seller at the time we take the listing. On this form, the Seller marks all the issues that, to the best of their knowledge, are wrong with the home.
The Seller Disclosure Sheet is quite detailed as we go through all types of questions such as is the roof in good shape? How are the floors? Does the air conditioning system work? And so on. The reason why this is an important document for the Buyer to fully understand is that this form discloses, what is wrong with the home from the Seller’s point of view.
The Seller Disclosure Sheet is a playbook of the home that the Buyer is buying.
The next document is a power of attorney form.
These forms allow us, The Mobile Home Dealer, to be able to sign on both the Buyer’s and the Seller’s part to transfer the title out of the Seller’s name and into the name of the new Buyer at the Department of Motor Vehicles.
If this form is not signed off on, then we will have to get everybody together, the Buyer, the Seller, and us all at the DMV to get everything signed off on. The majority of the homes that we sell are to Buyers for Sellers who live out of the state of Florida. If we do not have this form on file then this will create a very long process that does not need to happen.
Lastly, we have the title paperwork itself.
Due to us having a power of attorney form on file for both the Buyer and Seller, the Seller will not have to sign the title as we will sign for them and the Buyer at the DMV by using the power of attorney form.
Additional forms that may be needed are if the home is in a trust if the home is acquired through probate, or if there is a will involved.
If this is the case, we will need to get all of those documents associated with the transfer of the home in order to get the home transferred out of the Seller’s name and into the Buyer’s name.
Not having all of these forms readily available will cause unnecessary delays and additional headaches for everybody involved.
We experienced several instances that the buyer is ready to move and wants to close the deal but the seller can’t find the title of their mobile home. Although the buyer can always ask for a copy of the title from the Department of Motor Vehicle (DMV), preparing the needed documents as important as the mobile home title is the seller’s sole responsibility. We have seen a few deals that fell through because of this reason and the seller won’t cooperate.
When completing the sale of a mobile home on leased land we take care of all the forms and make sure that the sales process is as clear and smooth as possible for both the Buyer and the Seller.
Selling a mobile home can be complicated for many, especially those who don’t have proper knowledge of how to do it right. Doing it wrong could only complicate and lengthen the process.
Selling your mobile home can be easy and quick if you’ll follow the essentials needed before selling it. Fix up all maintenance issues, consult professionals who know more about selling your mobile home, price your home at an acceptable rate, and plan everything before you post it for sale. Participating in online auctions, selling via a real estate broker, or advertising your mobile home online and offline are great ways to sell it fast.
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life!