Recently, we here at The Mobile Home Dealer, had a client who made a written offer on one of our mobile homes that we had under listing contract but, after it was accepted by the Seller, they were not able to purchase the mobile home located in Sarasota County Florida.
How is this fair?
The Buyer of the mobile home believed that all they would need to do to purchase the Sarasota mobile home that was for sale was to make a written offer, have that offer accepted and move forward with the purchase.
Although in most other transactions this would make sense, when we are dealing with a mobile home that is located on leased land within a mobile home park there is one more critical step that needs to be completed prior to the closing of the home.
The step that was overlooked by the Buyer is the importance of them needing to be approved by the mobile home park to live in the community.
We here, at The Mobile Home Dealer, are licensed bonded and insured mobile home brokers with the state of Florida. As a result of our license being with the state we are required to only sell mobile homes to those who have been approved by the mobile home park to live in the community. If someone is wants to purchase one of the mobile homes we have listed but is not park approved then we will not be able to sell them the home until they are approved due to this requirement.
Most mobile home parks will take an applicants application and be able to approve it or not within a few business days. Every park has their own criteria but, generally speaking, the parks will always check the applicants criminal back ground, debt to income ratio, credit report and to see if they have any evictions on file.
While I have asked several times, no park manager or owner can tell me what they weigh heavier than the other when it comes to how they approve an applicant for their park.
The mystery as to how or why parks will approve or deny an applicant is still very much present. However, one thing is for sure, regardless of how the park completes their approval process each and every Buyer does need to go through the process and become approved before they are able to purchase within the mobile home park.
When looking at buying a mobile home on leased land within a mobile home park it is important to have an accepted written offer but do not think because you have that in writing that this guarantees you being able to purchase that home. Always look to get your approval done at the same time so that you are not let down by not being able to purchase the mobile home of your dreams.
This is Mark Kaiser with The Mobile Home Dealer and help mobile home buyers and sellers get to a better place in life.