The time has come.
You have enjoyed your Sarasota Florida mobile home and have fond memories of your days in the Sunshine State but, as life often changes, you are ready to move on.
Before packing your bags and heading to start the next chapter of your life story you first need to sell your mobile home.
After alerting the park office that you are looking to sell your mobile home you are made aware that you owe back lot rent!
Oh No!
Many times we, at The Mobile Home Dealer, run into this situation with would-be Sellers and are happy to help walk them through this exact situation so that they can have all of their bills paid prior to moving out of their homes.
Mobile Home in 55+ community
When a mobile home is located within a mobile home park in the greater Sarasota Florida area and the mobile home is located on leased land where the resident is required to pay the park each month a fee called a lot to rent is generally owed on the first and late by the fifth of the month.
If a resident fails to pay their lot rent then the park may either begin tallying up what is owed (along with additional late fees) or they will immediately file for eviction on the resident’s home.
If an eviction is filed then, generally speaking, the park will evict the home and the tenant and not just the park resident. This is especially true in situations where the resident owns the home and leases the land.
The immediate problem that this creates is that most mobile homes in the Sarasota Florida area are over twenty years old. The reason why this is an important fact to state is that if a mobile home is looking to be moved then a moving company will not be able to get a permit for the home to be moved if it is twenty years old or older.
The problem that the resident winds up with is if there is an eviction filed on them and the home and they are unable to move the home out of the park they could be forced to hand over the title of the home to the park upon the eviction being completed.
Most parks do not want this as they are not in the business of selling homes but, rather, running a park.
The Seller does not want this either as, usually, they paid quite a bit of money for their home for it to only be given away to the park.
The way this entire situation can be handled very quickly is to have the home brokered for sale by a licensed mobile home broker, such as The Mobile Home Dealer, who is very well-versed in how to handle this exact situation.
There are several reasons why mobile homeowners fail to pay their lot rent on time and not just because of money. In some cases, owners who are not living in their mobile homes while selling them will miss a lot rent payments. These payments accumulate over time especially when the mobile home is sitting for sale on the market for a long period of time. Some owners also refuse to pay lot rent while they are not living in their mobile homes. This is not an ideal attitude and attracts trouble but unfortunately, some homeowners do this, often ending up either losing their property or selling at a very low price.
Mobile home in Sarasota Florida for sale
Situations like this make many mobile home park owners more stringent when accepting new residents.
Over a dozen times just this year have we been able to sell the home for the Seller who is in default of their lot rent and still get them some money while at the same time paying the park what they are owed.
The way we do this is we get a ledger from the park stating exactly what is owed on the home, we then sell the home to a park-approved resident, and before the Seller receives any money for the sale of the home the park gets paid in full for the owed back lot rent.
Having the sale handled this way gets the park paid, ends the legal proceedings against the Seller, and gets the Seller some money for their home.
By not following this basic process many times the Seller will have legal action taken against them for the back lot rent while at the same time getting their home repossessed by the park which doesn’t want the home in the first place.
If you are running behind on your lot rent and are looking to sell your mobile home don’t be concerned as we will be more than happy to help you navigate the process!
The Mobile Home Dealer are licensed mobile home broker in Sarasota Florida and the surrounding areas. We provide professional buy and/or sell assistance to our clients. If you have any questions, please get in touch with us by clicking this link. You may also visit our Facebook Page and send us a message
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.
See Also:
- 3 Reasons Why Selling Your Sarasota Mobile Home On Your Own Is A Bad Idea
- Why Do Sarasota Mobile Home Park Approvals Take So Long?!
- What Could Possibly Go Wrong When Selling Your Sarasota Mobile Home Yourself?!
- How Does A Sarasota Florida Mobile Home Park Qualify Income?
- How To Know If Your Sarasota Mobile Home Has A Roof Leak?