Buying or selling a mobile home in the greater Sarasota Florida area and not sure what documentation you need?
Don’t worry, we are here to help!
When looking at buying or selling a mobile home within the greater Sarasota Florida area one first needs to know, for certain, where the mobile home is located and what type of park the home is within.
As silly as this may sound, it makes all the difference in the world on how the sales transaction will be handled.
In the state of Florida, if a mobile home is within a mobile home park and the park is selling the home with the land included then this will equate to a real estate transaction, the same way a single family home will be sold.
Here, a deed for the land will be issued for the sale of the home.
If, however, the mobile home is being sold and the Seller is paying lot rent and does not own the land the home resides on then this transaction will be viewed as and taxed as personal property.
Here, a title will be issued for the sale of the home.
Mobile home titles are blue sheets of paper that look the exact same as a vehicle title does.
One key difference is that, with mobile home titles, there is a title for each side of the home.
For example, if the home being sold is a double wide mobile home then there will be a title for side a and a title for side b.
With this understood, it is of utmost importance that anytime a mobile home sale is being transacted that the Buyer and Seller have all titles necessary for the ownership of the home.
When looking at a mobile home title, on the upper left hand part of the title, it will list who the owners of the home are. This is important to note so that you are buying the mobile home from the individual or individuals who are legally able to sell the mobile home.
Oftentimes with the names of the person(s) who are on the title there will be the words “and” or “or” between the names.
While this may seem like an insignificant word on the title it surely is not.
When the word “and” is in between the two owners names this should alert the Buyer that, unless an extreme circumstance such as death has occurred, both names of the Sellers need to sign off on the title for the documentation to be transferable to the Buyer. Barring an extreme circumstance, if this does not happen, then the title can not be transferred.
When the word “or” is in between the two owners then this will signal to the Buyer that either person can sign off on the title for the title to be transferred.
When looking at buying or selling a mobile home in the greater Sarasota Florida area it is always important to know exactly what documents are needed for the transfer of title so that when the sale is complete there are no issues with the paperwork going forward!
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.