What paperwork is needed to sell a mobile home?
If your mobile home is considered chattel or personal property, you might need to provide your seller with a notarized bill of sale. Both you and the buyer should sign the home’s bill of sale when having it notarized. Lenders making purchase loans on mobile homes sometimes require a title and notarized bill of sale.
How do you write a bill of sale for a mobile home?
Be sure to include at least the following information:
- Mobile home description, including VIN, serial number, make, model, and year.
- Buyer and seller names, addresses and contact information.
- Sale date.
- Sale price, including any taxes.
- Sale conditions and terms, including warranties or “as is” status.
How do I sell my mobile home myself?
Online: Use sites like Craigslist.com, Backpage.com, Trulia.com, and Kajiji.com to advertise your mobile home for sale. These are free sites that buyers look at. If selling for all-cash then make sure to advertise in the “For Sale” sections of the websites.
Do you need a title to sell a mobile home?
So, can you sell a mobile home if you don’t have the title? The short answer is no. Without the title, you can’t legally transfer ownership of the property. However, if you are the original owner or legally bought the property in the past, getting a title for the home is easier than you may think.
Can I buy a mobile home cash?
Unless you have a significant amount of cash on hand to purchase a manufactured home outright, you will need a loan to cover the full cost. Manufactured home loans can be tricky depending on a few factors, but you do have several options to choose from.
Is a mobile home considered a vehicle?
A mobile home is personal property, registered with the Division of Motor Vehicles (“DMV”) in the same fashion as a vehicle. It has a title registered with DMV and ownership is transferred in the same manner as a vehicle. … The mobile home must first be converted to real property.
What is a purchase agreement for a mobile home?
A purchase agreement is a legally binding document that lays out the variety of conditions connected to the sale of the mobile home. This contract holds the buyer and seller accountable for their transaction.
Are mobile homes hard to resell?
Mobile Homes Can Be Tough to Resell
Once placed in a mobile home park and hooked up to utilities, mobile homes are not easy to move. In fact, such a move can cost thousands of dollars. This can make them difficult to resell, since a buyer might have to commit to living in the same mobile home park you live in.
What happens if I walk away from my mobile home?
You may be sued for abandoning your trailer on someone else’s property. You can be held liable for lot rent, disposal fees, court expenses and the remaining balance of any loans on the mobile home even after you leave it behind.
How much are old mobile homes worth?
The average depreciation for a mobile home is between 3-3.5% but depends slightly on the factors we mentioned above, as well as the market and area you live in. At this rate, a mobile home that cost $60,000 will be worth $58,000 after the first year, and $56,200 after the second.