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Friday, Jun 24, 2022

Thinking of Selling Your Home?

There are some very important things to do before you sell your home – whether you sell by owner or real estate agent.  First, review your Park’s rules and regulations, rental or lease agreements for important information regarding selling your home and signs that may be posted regarding the sale.

Prior to purchasing a manufactured home located in a rental park, the prospective buyer must be approved for tenancy in the park by the owner of the park.  The sale of a mobile home located in a mobile home park is a three-party, not two-party transaction. The buyer and seller must not only agree to terms on the sale of the home, but the buyer must also be approved for residency in the park by the park owner/management.

Park management can withhold approval on the basis of:
1) the buyer’s inability to pay the rent and charges of the park and 2) the buyer’s inability to comply with park rules and regulations as indicated by prior tenancies.

Although guidelines used by other landlords or public agencies for rental housing may be more lenient, many park owners impose higher income requirements to assure buyers will be able to afford future rent increases without causing the park problems, such as evictions.

The seller of a manufactured home must provide the buyer with certain disclosures, electrical equipment and appliances.

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