Blog Articles & Resources

https://www.youtube.com/watch?v=8kOVev6-WEo Many buyers ask how to insure a mobile home when they own the structure but lease the land it sits on. Just as often, they want to know whether the same insurance options available for single-family homes also apply to mobile homes on leased land. These questions usually come from people who are new to the mobile home space and want clarity before making long-term decisions. For this discussion, the focus remains on mobile homes on leased land, which is the primary area of specialization for The Mobile Home Dealer. Understanding how these homes are classified in Florida is the first step toward understanding insurance options. How Mobile Homes on Leased Land Are Classified In Florida, mobile homes on leased land are titled as personal property...

https://www.youtube.com/watch?v=8kOVev6-WEo&embeds_referring_euri=https%3A%2F%2Fwww.sellmobilehome.com%2F The Sarasota real estate market has experienced an intense surge over the past few years. As of mid-2022, the average price of a single-family home in Florida reached roughly $382,000, while used mobile homes typically ranged between $10,000 and $25,000. By comparison, the national average home price hovered around $385,000. Although Florida appears competitive on paper, Sarasota continues to attract buyers due to lifestyle benefits, tax advantages, and a favorable cost of living. Because prices have climbed steadily, many buyers now ask whether mobile homes are following the same upward trend. To understand the situation, it is important to look at how mobile homes on leased...

https://youtube.com/watch?v=TvjO4-DPGdE Today we are going to begin a short mini-series entitled “How To Not Get Your Home Sold”. I feel that this is a topic that very few people want to discuss, as everyone wants to know how to sell their home, but they never talk about what to do or not to sell it. Within this series, I will go over examples from personal situations we at The Mobile Home Dealer have gone over in the past that led to a Seller not getting their homes sold even after we had a Buyer with cash in hand who was ready and willing to purchase their property at an agreed upon price. Although some of these situations may seem downright goofy, I promise you, these have all happened to one or more of our team members when trying to sell a mobile home for one of our clients. With...

https://youtube.com/watch?v=FYu52iW5VV0 Where Are The Hidden HOA Fees In A Sarasota Mobile Home? Last week’s blog entitled, “How a Lower Mobile Home HOAs Cost You More Money” got quite a bit of attention from those who read it. We have a question from one of our followers, Ms. Janice Carson, on Facebook who wrote to us directly stating, “Hey Mark, I don’t understand why a lower payment per month will equal more money over time. Mark, could you please explain the additional monthly payments that you’re referring to when owning the land attached to the mobile home?” Sure Janice, I would be happy to dive deeper into this for you and thank you so much for the question! For all you other viewers and readers out there, if you’re interested in me or one of our other team members going through...

https://youtube.com/watch?v=225UL91fzzc Do Sarasota Mobile Home Appreciate Or Depreciate? The question is always asked to us at The Mobile Home Dealer, do mobile homes on leased land appreciate, or do they depreciate? Before we get into that answer, we need to do a quick review of what exactly is a mobile home on leased land. When purchasing a mobile home on leased land in Florida where you are physically owning the home but are paying a monthly lot rent payment to the park then that home is viewed as personal property, not real estate. As mentioned in a previous article, this will mean that the home is just like buying a vehicle as these homes have titles and not deeds associated with them. As we all know, cars will depreciate rapidly, especially when they are taken from brand-new cars...

https://youtube.com/watch?v=hBvIeiny0r4 How Lower Mobile Home HOA Payments Cost You MORE MONEY! How does the title of this article make any logical sense? Don’t get confused with the title of this article and don’t assume that this is just clickbait because this is not. Hear me out first and thank me later! How can one pay a lower HOA payment per month and wind up still paying more money at the end of the day?! I know what you are thinking, “Mark, to your admission, you are not a math major, but you have this one backward, buddy.” Now, before you jump on this bandwagon about my lack of math skills, please hear me out on this one! We can all agree that one of the driving forces for purchasing a mobile home is a desire to obtain affordable housing. With skyrocketing real estate prices in...

https://youtube.com/watch?v=UQ9Zt5jd8zI How To Price Your Sarasota Mobile Home How are you able to obtain the most accurate way to price your mobile home that is for sale when the mobile home is on leased land? With the rising real estate market that we are all seeing throughout the country, it is natural to think that selling your Sarasota Florida mobile home is the right thing to do now in an attempt to cash in on all the Buyers looking to relocate to Florida. Is there a way that we as licensed mobile home Brokers in the state of Florida can state that without a doubt, your home is worth this amount? Most people in the mobile home industry would say yes. That the best way to do this is to look at other homes in the community with the same size and home sites, similar beds and baths...

https://youtube.com/watch?v=68owRet98S0 How To Pull Sales Comps On Sarasota Mobile Homes Are you able to pull sales comps for mobile homes on leased land the same way as you can pull sales comps for single-family stick and brick homes? Before we continue, for the benefit of our readers, we must understand what are sales comps first. What are comps in real estate? Real estate comps are recently sold homes that are similar to the property you’re trying to buy or sell in terms of location, size, condition, and features. Comps – an abbreviation of “comparable sales” – are used to determine a home’s fair market value through the sales comparison approach to pricing property. Individual comps are assembled into a comparable market analysis and presented by a real estate agent to their client....

https://youtube.com/watch?v=GjC0UzBqraY Whether you are selling or buying a mobile home, a professional mobile home inspection can potentially save you a lot of money. The Mobile Home Dealer is not engaged in the business of mobile home inspection, but in this article, we will explain why you need one. Do mobile home inspections exist for mobile homes located on leased land? I have been asked several times already this year if a Buyer can get an inspection on a mobile home prior to purchasing the property. This is a great question and I feel it would be a good idea to go over some of the most common issues I have seen on mobile home inspection reports so far this year. Before we go any further, I would inform you that there are companies throughout the Sarasota area that do mobile home...

https://youtube.com/watch?v=6-zUwxtzNOU Do Not Skip On Your Mobile Home Maintenance! In the state of Florida, mobile homes are taxed as personal property and not as real estate property. This means that your mobile home is taxed similarly to your other possessions like vehicles. Vehicles need regular maintenance, and so is your mobile home How important is it to keep up on your maintenance on your mobile home when you do not live there full time? How about if you are looking to sell your mobile home and have already moved out, should you make it a point to keep up with the maintenance items even though you don’t live in the home? Unfortunately, these are not common questions that come up to us, and in turn, they become very common issues we wind up having to deal with when selling a...

https://youtube.com/watch?v=QtwKFnudHSQ How To Sell Your Sarasota Mobile Home For Less To Make More? The title of this video says it all. You can make more money by selling your mobile home quickly for less! I know what you are thinking, Mark, “have you lost your mind, buddy?” One of my ongoing jokes is the fact that I liked Geometry so much when I was growing up that I was able to take it not once but twice! Not being a math major, but having a very good education in the mobile home industry and what it takes to sell a home fast, for the most money, I feel like I can help clue you in on why my comment does make sense. All the homes that we sell at The Mobile Home Dealer are homes within mobile home parks on leased land. Having your home on leased land, does require a monthly payment to...

https://youtube.com/watch?v=lZTjmW_94u0 Common Issues With Mobile Homes in Sarasota Common issues with mobile homes in Sarasota include weather-related concerns due to the area's susceptibility to hurricanes and tropical storms. These homes may lack proper reinforcement against strong winds and heavy rain, leading to structural damage. Additionally, older mobile homes might have issues with outdated plumbing and electrical systems, requiring regular maintenance and upgrades. Moisture intrusion, especially in humid climates like Sarasota, can lead to mold and mildew problems if not addressed promptly. Moreover, issues related to land lease agreements, such as increasing fees or restrictive regulations, can impact mobile homeowners in Sarasota County. Vigilance and proactive maintenance...

https://youtube.com/watch?v=i-5pfhun9i4 When looking to obtain mobile home park approval for a mobile home park in Sarasota, what will you need to provide them? We here at The Home Dealer have a company policy where we will not sell a mobile home in a mobile home park to anyone prior to them obtaining and providing us their park approval. But why do we do this? As registered mobile home brokers in the State of Florida, we want to make sure that all Buyers are purchasing a clean, safe, and affordable property that they can call home for years if they choose to do so. Part of providing this to our clients is to first make sure they are legally allowed to own the home that they live in! Each mobile home park will have its own requirements for park approval, but usually, they are all about...

https://youtube.com/watch?v=9voqHFkQDW8 Is seller financing a viable way to buy a mobile home in Sarasota or should one look to seek financing from their local bank or credit union? Most mobile homes that we sell here at The Mobile Home Dealer are sold for cash, without financing, directly from the Seller of the home to the new Buyer. We fully realize this is not possible for everyone to buy in cash as this can get expensive fast. The question then begs to be asked, can mobile homes on leased land be loaned through traditional financing measures? As discussed in the past, mobile homes that are physically located on leased land, are classified in the State of Florida as personal property which is the same way a car is sold. Traditional loans that can usually be used for financing a...

https://youtube.com/watch?v=WBe9bmneY7o Selling And Renting Your Home In Sarasota? Should You Try And Rent Your Sarasota Mobile Home When Selling? Should you have your mobile home rented when you’re trying to have it sold at the same time? This question was posed to us this week when working with a home our sales team has not yet sold. Selling a mobile home in Sarasota County is a relatively competitive task, as, at any one time, there are several dozen homes for sale around the Gulf Coast of Florida. It is also common practice in the mobile home space for each park to increase its lot rent at the start of each year, as discussed in previous videos. So, with raising lot rent in a home that is not being sold as fast as you like, should you go ahead and rent the home while trying to sell...