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  • Why You Do Not Need To Attend Your Sarasota Florida Mobile Home Closing!

    Looking at buying or selling a mobile home on leased land in the greater Sarasota Florida area?

    If so, you came to the right place to learn as much as you can about the process!

    We, here at The Mobile Home Dealer are licensed mobile home brokers within the state of Florida and specialize in selling mobile homes on leased land throughout the Sarasota Florida area.

    What happens if you are out of state or out of the country and see a mobile home that sparks your interest but is not in a place to be able to come to take a look at it before the opportunity passes itself by?

    Do you live out of state and are concerned about whether the mobile home will be sold before you are able to make it down to see it in person?

    selling a mobile home on leased land
    The Winds Of Saint Armands mobile home

    With how fast the real estate market is selling right now one needs to be focused on moving as quickly as they can if and when they find the mobile home that meets their needs throughout the greater Sarasota Florida area.

    In order to move as quickly as possible every Buyer and Seller should be open to utilizing the latest technology and being okay with buying a mobile home virtually without physically stepping foot into the property itself.

    When looking at buying or selling a mobile home on leased land it is important to know that these mobile homes are viewed as and taxed as personal property in the state of Florida and not as traditional real estate.

    What this means is that the home that is being bought or sold has a title associated with it and not a deed like traditional real estate does. Without a deed, these homes follow the same buying and selling process as that of a vehicle in the state of Florida.

    With this understanding, the closing process of either the buying or selling of one of these mobile homes on leased land in the greater Sarasota Florida area is one where the Buyer and Seller do not need to be present to complete.

    In a traditional closing of a real estate property, there are several documents, offices, and trained professionals involved in the transaction. It is not uncommon to have realtors, brokers, title agents, and bankers all involved in the closing of a real estate transaction.

    When buying a mobile home on lease land many of these professionals are not present.

    The reason for this is that a mobile home transaction on leased land involves just the Buyer’s and Sellers’ signatures while the closing documents can be orchestrated by a licensed mobile home broker such as The Mobile Home Dealer.

    When we complete a transaction many times the Buyer and Seller are not present as we do everything virtually through courier service so that both the Buyer and Seller have the documents they need and execute them in a timely fashion. Once we have the signatures on all the agreements for the purchase and sale of the mobile home we can then use our state license to get the title and registration out of the seller’s name and into the Buyer’s name without either party needing to be present.

    It is not surprising that the mobile home market moves just as fast if not faster than the real estate market does. When a good property is listed, many times, it is sold before it is even on the market due to the Sellers, such as we at The Mobile Home Dealer, having a long list of qualified Buyers ready to buy at a moment’s notice. When a property comes up a Buyer has to move quickly!

    With the rise in virtual meetings and phone calls that have risen dramatically in the past two years since the pandemic, it is far more normal now than ever before that the Seller is capable of showing their home virtually through either a Zoom call, a Facetime call or a YouTube video. If this is new technology to you look to embrace it and learn the basics so that you are able to see a mobile home through one of these mediums and not rely on traditional still photos.

    Palm Terrace
    Palm Terrace mobile home

    If you see a home for sale by one of our agents and are interested in learning more but do not feel like you have the time to come down to Florida just to take a look at the mobile home before it sells do not let this be a deterrent to your purchase at all. We at The Mobile Home Dealer will always be happy to set up a time to give you a private video tour of the home to help you get a better idea of exactly what the home is and what the home is not so that you feel as comfortable as possible before moving forward with your new mobile home purchase.

    We at The Mobile Home Dealer usually complete these video chats through our cell phones where we connect directly with you, the Buyer.

    Most all cell phones these days have the capability to provide this type of service and if you are not familiar with the technology then we will be more than happy to walk you through it so that you feel as comfortable as possible with using it.

    When looking at buying or selling a mobile home on leased land in the greater Sarasota Florida area it is always important to know that by working with a trusted licensed mobile home broker such as The Mobile Home Dealer you will have far less to worry about and will have the security in knowing everything is being done right!

    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 Fees Are Paid At A Sarasota Mobile Home Closing?

    Have you wondered what fees need to be paid for a mobile home purchase in Sarasota?

    Anytime we work with Buyers who are looking to purchase a mobile home that we currently have a listing for, we always make sure they know exactly what it means when they say, “I’d like to make an offer.”

    Mobile homes throughout the greater Sarasota Florida area are becoming popular not only for snowbirds, but also for people who are single and older, and even older couples who want to have a peaceful neighborhood.

    We here at The Mobile Home Dealer continue to do our very best to deliver all of the most relevant information to you in the mobile home space and wanted to thank you for taking a few minutes to learn about what needs to happen for the sale of the mobile home to go through on leased land down here in the state of Florida.

    When looking at buying a mobile home within the greater Sarasota Florida area that is located on leased land one needs to realize that the purchase, sale, and closing actions are different than that of a traditional single-family home.

    The reason for this is that, in Florida, a mobile home that is sold on leased land is viewed as and taxed as personal property and not real estate.

    What this means is that the purchase process is the same as buying a vehicle.

    So, with this understanding, what are the fees to be paid when closing a mobile home sale in Sarasota Florida?

    When purchasing a Sarasota mobile home, the actual purchase price of the home is only one of several expenses that will be incurred during the purchase process of that home.

    We have found that many, if not most, mobile home Buyers are unaware that there are several additional fees to add to the total cost of a mobile home purchase.

    If these fees are not paid at the time of closing, the sale of the home, will not be able to go through.

    Country Lakes Palmetto Florida
    Country Lakes Palmetto Florida

    For there to not be any confusion at the closing table, our company policy at The Mobile Home Dealer is one where we lay out all of the fees to the Buyer so that when they make an offer to purchase the home, they know exactly what they will be responsible for paying come closing day.

    The first fee to be paid is the actual negotiated purchase price of the home. This price will be what the buyer is agreeing to pay the Seller for the purchase of the property.

    In the state of Florida, the buyer is required to pay state, city, and sometimes county tax, on the entire purchase price of that mobile home. For homes bought in Sarasota, this equates to a 7% tax on the total purchase price of that home. In other counties, such as Charlotte County, a little further south, the county then imposes a 1% tax on top of the 7%, so the total tax is 8% that is owed on the purchase price. The Buyer will need to pay a title transfer fee, which takes the title of the mobile home from the current owner to that of the new owner.

    Registration fees will need to be paid at closing by the Buyer as well. This fee ensures that the mobile home that has been purchased is correctly registered to the new owner in the state of Florida. Closing fees will also need to be paid at the time of closing by the Buyer to the licensed mobile home broker as well.

    It is not uncommon for all of these additional fees to total, sometimes over $2,000, in addition to the price of the mobile home.

    The Buyer of the mobile home must be very well versed in all of these additional fees that are associated with buying a mobile home within the state of Florida before making their offers.

    Take note that It is also not uncommon for the mobile home Seller to still be in the home when the Buyer has been approved so, normally a 30-day close is reasonable for the Seller to be able to move their belongings from the property so that the Buyer can move in right away on the date of closing.

    If the home is vacant and the park approval has been completed then there would be no reason why the Buyer of the mobile home would not be able to move into their new home right after signing the purchase paperwork!

    If the Seller is looking to have an elongated closing, greater than the traditional 30 days, then this will need to be further negotiated during the sale of the home. We would caution all Sellers, however, that if this is the case you may want to reconsider putting your mobile home on the market to sell until you are within the 30-day window of being able to move out of the property. The reason for this is that since mobile home sales can move so quickly when they are located on leased land most Buyers do not want to wait an extended period to move in is enjoy their new Sarasota Florida lifestyle right away and they certainly may walk away from buying your home.

    Knowing these things can avoid unforeseen issues for both the buyer and the seller that could result in breaking the deal. It is always important that both the buyer and the seller agree on everything before closing the sale and signing the papers.

    With a solid understanding of these additional fees needing to be paid, they will help both the Buyer and the Seller so that the purchase does not fall apart at the closing table due to a lack of funds.

    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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