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Tag: 55 plus mobile homes for rent

  • Are Snow Birds Buying In Sarasota This Year?

    Are the Snowbirds buying mobile homes at Sarasota this year?

    Have you turned on the television to see the local news stations ranting and raving about how all homes in the real estate market are flying off the shelves at record prices?

    Has your local banker told you that now is the time to refinance your home with all of the “cheap” money available?

    With both of these ideas in mind, are mobile homes getting sold as fast as single-family homes, especially in the Sarasota area?

    Have you seen Snowbirds flooding down to the Gulf Coast of Florida to buy every single mobile home they can see in sight and are interest rates as low on financing mobile homes as they are with the single-family homes right now?

    We need to unpack all of these questions one at a time to get a better idea if mobile homes in Sarasota, Florida are selling, and if they are, how fast are they?

    There are many reasons why snowbirds visit Sarasota. The warm weather and beautiful beaches are a major draw, but there are also many cultural and recreational activities to enjoy. Sarasota is home to several art galleries, museums, and live theater performances, and there are plenty of opportunities for golfing, fishing, and boating. Snowbirds can also take advantage of the many shopping and dining options in the area.

    As of this recording, we have seen a pretty large drop in Snowbirds who are in the area buying mobile homes.

    This could be due to the continued COVID outbreaks all over the country or because mobile homes on leased land are not getting financed like single-family homes do.

    You see, mobile homes on leased land in the state of Florida are viewed and taxed as personal property, which is the same way an automobile is taxed. This makes mobile homes more appealing to people who are not from Florida and are tired of paying property taxes.

    Mobile home in Sarasota
    With that understood, banks will very rarely lend on any mobile home if the land does not come included in the sale.

    We need to recognize that financing for mobile homes, unless it is done by the home Seller, is virtually non-existent thus resulting in most homes needing to be purchased with cash.

    Camelot Lakes-Sarasota Florida
    Camelot Lakes-Sarasota Florida

    I believe this is one reason why we are seeing more mobile homes sit on the market for longer periods of time homeowners can obtain financing for single-family homes much easier than they can with mobile homes on leased land.

    Seller financing has always been a mainstay in the mobile home space as a way for mobile home Buyers to have a way to get financing for a mobile home when they don’t have the means to make a full cash offer. We have continued to see an uptick in homes being sold with seller financing, especially in age-qualified communities around the Sarasota area.

    At this exact moment, we are in negotiations with three separate sales right now, all of which are offering seller financing is a part of the agreement.

    I believe another reason why we are seeing less Snowbirds buy mobile homes right now is because many of the homes in the market are just plain overpriced.

    Remember what we continue to cover in other videos throughout this channel in that in order for a mobile home to sell, it has to be priced right and marketed correctly.

    Pricing your mobile home high when selling is a surefire way to get less attention to your home which could lead to a longer time on the market costing you, the homeowner, more money!

    What we continue to see is more and more homes are priced way too high, by either other Brokers in the area or by Sellers looking to sell their homes themselves who just don’t know what the market calls for.

    The key thing to remember here is that when looking to buy a mobile home on leased land, there’s plenty of inventory to choose from, but know that financing is going to be a nightmare to obtain.

    Don’t be afraid to negotiate, as many Sellers have their homes way overpriced right now and fewer Snowbirds are in the area buying homes!

    For sellers, we already discussed it several times here at The Mobile Home Dealer. Overpricing your mobile home way above market value will not only turn buyers away but could also lead to losses rather than profits. Why? Especially when you are not living at your home and trying to sell it, you are paying the lot rent and the days and months are counting without attracting potential buyers. And the sad reality is, it’s just not the buyers who aren’t interested – realtors may find it difficult to sell as well if you ask professional help and are not willing to lower your prices.

    For buyers, although there are lots of overpriced mobile homes, there are always cheaper options. If you do have not enough time to look for a suitable home for you, you can always ask for assistance from a professional mobile home dealer like The Mobile Home Dealer.

    The Mobile Home Dealer is a licensed mobile home dealer and broker in Sarasota Florida and neighboring areas. We provide professional buy and/or sell assistance to our clients. If you have any questions, please contact 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!

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  • What Are The Most Sought After Mobile Homes In 55+ Communities?

    What Are The Most Sought After Mobile Homes In 55+ Communities?

    What are the most sought-after mobile homes available in the Sarasota area in 55-plus communities?

    We at, The Mobile Home Dealer, work in age-qualified communities within the Sarasota region daily.

    When it comes to senior living options, mobile homes, and RVs are options that represent a wide range of seniors. Mobile home parks and RV parks offer small lots and community space that is maintained by the park.

    What is a 55+ Community?

    A mobile home park is much like a condominium or homeowners association where the common spaces are maintained by the park owners and staff and where tenants have a small lot that they care for.

    When a park is deemed to be a senior mobile home park (55-year-old+), they have rules about the minimum age of the people who live there. Most parks offer senior living for people aged 55 and older and do not permit those who are younger to live there.

    The park and its amenities are designed and geared toward seniors and may have noise and usage restrictions. As restrictive as that sounds, these parks create an environment that is senior-friendly and designed to enhance the quality of life for those who live in the park.

    When we are working with Sellers who are looking to have us sell their mobile home quickly, we are always asked, “Hey, what type of home sells the fastest?”

    We have learned that it always comes back to the same answer, two-bed, two-bath, double-wide mobile homes are the types of homes Buyers are looking to find in the area, but the answer doesn’t just stop there.

    We also need to go in to see how these two-bed, two-bath homes are positioned in the age-qualified market for them to sell quickly.

    Both the Buyer and the Seller realized that the homes being sold are often, not brand new homes.

    Many homes in the market within the Sarasota area, especially in the age-qualified parks, are models from the 1970s and the 1980s. Here the Buyer realizes that there may be some common wear and tear on the home, as it is not a brand-new mobile home.

    We believe that most Buyers expect some dings and scratches within the home, but the main thing they are looking for is if the home is currently habitable in its current state. Is it clean? And is it safe?

    By habitable, I am referring to is the home livable as it sits currently, are the bigger repairs are already done, or do they need to be worked on right after the buyer buys the home.

    Does the air conditioner work without any issues? Is there any evidence of any water damage? Does the roof look good and in solid shape? Are the floors solid with very few, if any, soft spots? And are the appliances that come with the home in proper working condition?

    What Are The Most Sought After Mobile Homes In 55+ Communities

    Most Buyers want the ability to buy the home, unload their suitcase, and immediately begin enjoying their new home without the requirement of a large repair bill in the immediate future.

    The home does not need to be professionally cleaned when it comes up for sale, but it does need to be picked up and straightened. Remember, you never get a second chance to make a first impression, so it is important to put your best foot forward when you put your home up for sale.

    The home does need to be safe right away. If there are any issues with the electrical or plumbing, make sure those are either fixed prior to having the home listed or at the very least tell your licensed mobile home broker that you are aware of the issues that exist, so the Buyer is informed prior to the purchase of your home.

    Why Seniors are Looking to Move into 55+ Communities? 

    Senior living mobile home parks are often affordable alternatives to living in a single-family home. Most mobile homeowners pay rent on their space and own the mobile home. The rent is called “lot rent”. That means they pay low monthly rent and can live in a larger home. Mobile homes come in single, double, and triple wide widths. They can be one bedroom or larger. Most lots are small offering enough space for the mobile home and a small yard.

    Another benefit is that the community is organized around the needs of seniors. People here can enjoy the park’s amenities without having to compete with those amenities with kids and families.

    The park’s amenities are designed around senior needs and they provide an opportunity to socialize with people in the same age range.

    There are many benefits of living in a senior mobile home park. If you are traveling in your RV, senior mobile home parks often have spaces that allow you to park your RV for months on end. They make great destinations for Snowbirds and other seniors who escape the harsher weather in one area of the world and take up temporary residence in another.

    The Mobile Home Dealer are licensed mobile home brokers in Sarasota Florida and the surrounding areas. We provide professional buy and/or sell assistance to our clients. If you have any questions, please contact 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.

     

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