Tag: how to buy a mobile home from a private owner

  • How Long Should The Approval Process Take In A Sarasota Mobile Home Park?

    One of the most common questions buyers always ask us is how long it takes for the mobile home park to approve new residents. Although different mobile home parks differ in processing times, this article will explain everything you need to know in order to have a successful mobile home park approval process.

    “You need to get approved by the park before buying a mobile home!”

    How familiar does this one-liner sound when you are looking at buying a mobile home within a mobile home park in Sarasota Florida?

    Pretty familiar, right?

    mobili home florida
    Mobile home in Florida

    As licensed mobile home brokers within the state of Florida we, here at The Mobile Home Dealer, require that each Buyer become park-approved prior to the sale and closing of any mobile home. As such, we are very familiar with how the park approval process works and how important it is for the applicant to fill out and provide the park office with all the information that is required of them in a timely fashion.

    Mobile home parks within the Sarasota Florida area require each Buyer to be park-approved prior to closing on and moving into their mobile home.

    While each park has its unique standards and requirements for what an applicant must provide to get the park approved the consistent theme is that each Buyer must go through this process so that they can move into the community.

    By having a park approval process in place it assures each current resident that the new Buyer of the mobile home in their park is held to the same standards as the previous person who has moved in which creates a uniform expectation for all residents in the mobile home park.

    Most parks follow the same guidelines and will check the applicant’s criminal background, credit score, and debt-to-income ratio.

    In all of our time working in mobile home parks we, here at The Mobile Home Dealer, have yet to find a park owner or manager who can explain why or what they weigh the most when looking reviewing an applicant file to see if they are approved to become a resident or not.

    About half of the mobile home parks within the greater Sarasota area complete all of their park approvals in-house, meaning, the park manager takes all of the information down and runs it through their company’s database. When this is done the application process can move very quickly, usually within a few days, to determine if the applicant has been approved to live in the park or not.

    The other half of mobile home parks will send each applicant’s information out to a third party to complete all of the background screenings. When this happens the would-be applicant should plan on the application process taking 1-2 weeks and sometimes longer.

    In order to get the application process completed as quickly as possible it is imperative that the applicant provide the park office with all of the necessary information as quickly as possible. Most parks usually will provide the applicant with a list of all the information that is needed and will then leave it up to the applicant to supply these documents to them on their own.

    We have never, ever, seen or heard of a park following up with an applicant to remind them of outstanding paperwork that is needed. When the Buyer is looking to get approved it is their responsibility to get all of the information into the office in a timely fashion as their application will not be submitted for approval until everything has been sent in.

    If you are in a hurry to get approved by the mobile home park of your choice, make sure to prepare all the necessary documents at hand. If you already submitted all of the requirements and there is no response from the park manager, be proactive and send a follow-up request.

    Sarasota Fl, Mobile Home
    Sarasota Fl, Mobile Home

    Park managers and caretakers have other things on their hands and sometimes, the lack of attention from your side makes it more complicated. If your application is rejected because of the lack of proper documentation, fix it right away and don’t wait for the park manager to remind you because they simply do not do the follow-ups.

    When looking to buy a mobile home throughout the Sarasota Florida area all Buyers need to know that the purchase of their mobile home will not be complete until after the park approval process is done and on file. Trying to buy a home before being park-approved will create a world of trouble for the Buyer and, possibly, the Seller. This is something we strongly suggest not doing!

    The length of the approval process in a Sarasota mobile home park can vary depending on the specific park, the details of the application, and other factors. Generally speaking, the approval process can take anywhere from a few days to a few weeks. If the application is approved, there may be additional steps that need to be taken, such as obtaining a permit from the local municipality or obtaining insurance. During this time, a mobile home park may offer assistance to help ensure that all paperwork is properly completed and submitted. Once all the necessary steps have been taken, the approval process should be complete.

    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, don’t hesitate to 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 which helps mobile home Buyers and Sellers get to a better place in life.

    See Also:

  • When Is The Best Time To Buy A Sarasota Florida Mobile Home?

    When Is The Best Time To Buy A Sarasota Florida Mobile Home?

    Living inside mobile home parks is an affordable alternative compared to living in a traditional site-built single-family house. Since tenants are paying for their space and own the house, this means they pay lower monthly rent with bigger space. Mobile homes come in three different sizes: single, double, and triple wide, depending on your family’s needs. 

    Many aspiring homeowners know how hard it can be to purchase a home in the current housing market. It’s no surprise that many people are seeking more affordable options – including tiny homes, RVs, and mobile homes (aka manufactured homes). In fact, it’s estimated that about 17 million Americans reside in mobile homes alone.

    If buying a traditional home is just too daunting, consider mobile home living as an alternative option. Because mobile homes are extremely customizable and cost-effective, they’re a great choice for families and individuals of all sizes and walks of life. Keep reading to find out if living in a mobile home is the right choice for you.

    One of the biggest benefits of living in a mobile home is that most of the mobile homes in the Sarasota Florida area are organized around the needs of older people and seniors. This means that mobile home parks are a peaceful community without teenagers creating noises or babies crying in the neighborhood.

    Aside from the obvious affordability, especially for seniors who have limited financial means, mobile home parks are highly organized with almost everything the residents need.

    When Is The Best Time To Buy A Sarasota Florida Mobile Home?

    Knowing all of these benefits, one might be interested in moving into a mobile home but don’t know when is the best time to buy.

    With all the talk right now being how hot the real estate market is throughout the Sarasota Florida area one can begin to wonder, when is the right time to buy a mobile home in Sarasota?

    This question gets brought up on a regular basis and we, here at The Mobile Home Dealer, feel we have a good idea of how to answer this commonly asked question.

    When looking at buying a mobile home in the Sarasota area each Buyer needs to first figure out if they want to buy a mobile home in a land-leased mobile home park or in a resident-owned park.

    The difference here, although it seems small, is actually a huge determining factor on when and why one would look to buy a mobile home.

    If the Buyer is looking to buy a mobile home in a resident-owned park then, in this situation, the Buyer is purchasing real property instead of personal property. The reason for this is because, in Florida, when a mobile home is sold with the land included in the sale it is now viewed as real estate and not as a personal property purchase.

    When one purchases real estate then traditional mortgages can be used along with most other financing options available to single-family homes.

    In this purchase, the mobile home will be subject to the ups and downs of the real estate market which, as we all know, are a roller coaster!

    If the Buyer is more interested in buying a mobile home on leased land where they own the own and pay a monthly fee each month to the mobile home park for the usage of the land then they are buying personal property and not real property. These homes are viewed and taxed in the same way a vehicle is taxed in the state of Florida. When purchasing this type of mobile home then the purchase comes with a title and not a deed if they were buying a mobile home with the land included in the sale.

    When buying personal property, such as a mobile home in a mobile home park with lot rent, then these homes are not subjected to the ups and downs of the real estate market nearly as much as the resident-owned properties. The reason for this is that a mobile home on leased land is not required to have the purchase price recorded with anyone or anywhere which makes pulling sales comps nearly impossible.

    What we can say with confidence is that a mobile home on leased land does not see the ups and downs of a real estate cycle as much as resident-owned communities do. This can be a positive or a negative pending on where in the real estate cycle you are buying your mobile home.

    If you are looking to buy a mobile home at the high time of a real estate market then the Buyer may want to entertain buying in a land-leased mobile home park as the prices stay pretty much the same year in and year out. However, in a down real estate market, there are plenty of deals to be had in a resident-owned community as well.

    Whether this is the first mobile home you are buying or you have bought and sold several mobile homes it is important to know the basics of what to look for in your next purchase.

    Buying a mobile home is an excellent way to become a homeowner without having to pay the high cost of a traditional house. But there is much to consider before buying a home in this style. The following information will help you determine the requirements to buy a mobile home and if it is the right investment for you.

    With all of this understood, the main question each Buyer needs to answer is, when are you ready to start living your Florida dream?

    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:

Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favourite homes and more

Sign up with email

Get started with your account

to save your favourite homes and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy
Powered by Estatik