Tag: used land owned mobile homes for sale in sarasota

How Much Money Do I Need to Buy a Mobile Home?
Buying a mobile home can be a cost-effective solution for those seeking affordable housing options. However, determining how much money you need to purchase a mobile home involves more than just the price of the home itself. Various factors, including down payments, financing, and additional costs, come into play. This article will break down the total costs associated with buying a mobile home and provide guidance on how much money you should budget for your purchase.

**1. Understanding the Price of Mobile Homes

The cost of a mobile home can vary widely depending on several factors:
- Size and Type: Mobile homes come in various sizes and configurations, from single-wide to double-wide and even triple-wide units. Larger homes with more features and higher quality materials generally cost more. On average, single-wide mobile homes might cost between $30,000 and $60,000, while double-wide homes can range from $60,000 to $100,000 or more.
- Age and Condition: Newer mobile homes typically cost more than used ones. The condition of a used mobile home, including its maintenance history and any necessary repairs, will also affect the price.
- Location: The cost of mobile homes can vary depending on the region and local real estate market conditions. Homes in high-demand areas or with desirable features like waterfront views may be priced higher.
**2. Down Payment

Like traditional homes, mobile homes usually require a down payment. The amount of the down payment can vary based on the type of loan you use and the lender’s requirements.
- Conventional Loans: For conventional loans, down payments typically range from 5% to 20% of the purchase price. For example, if you buy a mobile home for $60,000, you might need a down payment of $3,000 to $12,000.
- Chattel Loans: These are loans specifically for mobile homes and personal property. Down payments for chattel loans can range from 10% to 20% of the purchase price.
- FHA Loans: The Federal Housing Administration (FHA) offers loans for mobile homes, often with lower down payment requirements. FHA loans might require as little as 3.5% down, depending on the loan terms.
**3. Financing Costs

If you are financing your mobile home purchase, you need to consider additional costs associated with taking out a loan.
- Interest Rates: The interest rate on your loan will affect your monthly payments and the total cost of the loan. Rates can vary based on your credit score, the length of the loan, and the lender’s policies.
- Loan Term: Mobile home loans are typically shorter in duration compared to traditional mortgages, often ranging from 15 to 20 years. Shorter loan terms can mean higher monthly payments but less total interest paid over the life of the loan.
- Origination Fees: Lenders may charge origination fees to process the loan, which can range from 1% to 2% of the loan amount.
**4. Insurance and Taxes

When purchasing a mobile home, you’ll need to budget for insurance and property taxes:
- Insurance: Mobile home insurance protects against risks such as fire, theft, and damage from natural disasters. The cost of insurance can vary based on the home’s value, location, and coverage levels. On average, expect to pay between $300 and $1,000 per year for mobile home insurance.
- Property Taxes: Property taxes for mobile homes are usually lower than those for traditional homes but can still add up. The amount depends on the local tax rate and the value of the home. Check with local tax authorities to get an estimate of property taxes for the area where you plan to buy.
**5. Site Preparation and Installation

If you are purchasing a new mobile home, you’ll need to account for site preparation and installation costs:
- Site Preparation: This includes clearing and leveling the land where the mobile home will be placed. Costs can range from $1,000 to $5,000, depending on the site’s condition and any necessary grading or foundation work.
- Installation: Installation involves placing the mobile home on its site, connecting utilities, and ensuring it meets local building codes. Installation costs can range from $5,000 to $10,000 or more, depending on the complexity of the setup.
**6. Utilities and Ongoing Maintenance

Consider the costs of utilities and ongoing maintenance when budgeting for a mobile home:
- Utilities: Monthly utility costs, including water, electricity, and gas, will depend on the size of the home and your usage. Budget for these ongoing expenses as part of your overall housing costs.
- Maintenance: Regular maintenance is essential to keep your mobile home in good condition. This includes tasks such as cleaning gutters, inspecting the roof, and servicing HVAC systems. Set aside funds for routine maintenance and unexpected repairs.
**7. Closing Costs

When buying a mobile home, closing costs are an additional expense that you need to plan for. These costs can include:
- Title Fees: Transfer of ownership requires title fees, which can range from $100 to $300.
- Legal Fees: If you hire an attorney to review the purchase agreement, expect to pay legal fees, which can vary based on the attorney’s rates.
- Inspection Fees: If you choose to have a home inspection done, this can cost between $200 and $500.
**8. Additional Considerations
- Community Fees: If your mobile home is located in a mobile home park, you’ll need to budget for monthly lot rent or community fees. These fees can range from $200 to $800 per month, depending on the amenities and location of the park.
- Resale Value: Consider the potential resale value of the mobile home. Mobile homes generally depreciate in value, so it’s important to factor this into your long-term financial planning.
Conclusion

The total amount of money you need to buy a mobile home in Florida encompasses several costs beyond the purchase price. To summarize, you should budget for:
- Down Payment: Typically 5% to 20% of the purchase price.
- Financing Costs: Including interest rates, loan terms, and origination fees.
- Insurance and Taxes: Insurance costs ranging from $300 to $1,000 per year, and property taxes based on local rates.
- Site Preparation and Installation: Costs ranging from $6,000 to $15,000.
- Utilities and Maintenance: Ongoing monthly expenses and periodic maintenance.
- Closing Costs: Title fees, legal fees, and inspection fees.
By accounting for these expenses, you can better prepare for the financial commitment of buying a mobile home and ensure that you have a comprehensive understanding of the total costs involved.

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September 18, 2024
Become a Mobile Home Sales Agent in Sarasota, Florida
Sarasota, Florida, known for its vibrant arts community, stunning beaches, and pleasant climate, is experiencing a surge in population growth. As more people flock to this beautiful coastal city, the demand for affordable housing options, such as mobile homes, is expected to rise. For those looking to capitalize on this growing market, becoming a mobile home Sales Agent in Sarasota offers an exciting and potentially lucrative opportunity.

Who We Are

The Mobile Home Dealer LLC is a licensed mobile home brokerage firm centrally located in Bradenton, Florida. We specialize in selling mobile homes on leased land throughout the state of Florida. Our mission is to provide exceptional service and value to both buyers and sellers, helping them navigate the mobile home market with ease and confidence.

Our company is built on the following core values:
- Bring Value: We provide a solution to every situation.
- Quality: We do the best we can in everything we do, standing by our work.
- Perseverance: We always keep trying, no matter the situation.
- Honesty: We do what we say we will do, when we say we will do it. Period.
- Urgency: We act with purpose, prioritize, and finish what we start.
Why Choose The Mobile Home Dealer

With years of experience in the industry, The Mobile Home Dealer LLC is one of the most highly respected licensed mobile home brokers in Florida. Our reputation for integrity, professionalism, and exceptional customer service sets us apart in the competitive mobile home market. Choosing to work with us means joining a team committed to excellence and continuous growth.

What We Offer and What You Get

At The Mobile Home Dealer LLC, we believe in investing in our Agents to ensure their success. Here’s what you can expect when you join our team:
- Highest Pay in the Industry: We offer competitive commissions that reward your hard work and dedication.
- No Experience Necessary: All training is provided by our experienced team members, ensuring you have the knowledge and skills needed to succeed.
- No Out-of-Pocket Expense for Marketing Materials: We provide all necessary marketing materials at no cost to you.
- Continued Professional Sales Training: We offer ongoing training to help you stay at the top of your game.
- No Territory Limitations: You have the freedom to sell anywhere in Florida.
- Opportunities to Grow Your Own Team: We support your growth and encourage you to build and lead your own sales team.
Who We Are Looking For

We are seeking motivated individuals with a great attitude who want to be part of a winning team. If you are passionate about helping mobile home buyers and sellers achieve their goals, you could be the perfect fit for our team. Our ideal candidate is someone who is driven, positive, and eager to make a difference in the lives of others.

Position Details

Our Sales Agents enjoy the flexibility and freedom of a 1099 outside sales position, allowing them to work their own schedule with limitless income potential. Here are the key details of the position:
- 1099 Outside Sales Position: Enjoy the flexibility of working as an independent contractor.
- Buyer and Seller Leads Provided by Company: We generate leads to help you succeed.
- Minimal Paperwork: Focus on selling, not paperwork.
- Back Office Support: Receive comprehensive support for sales training and property marketing.
- Agents Work Under Company License: No certifications are required.
What You Need

To succeed as a mobile home Sales Agent with The Mobile Home Dealer LLC, you need:
- A Can-Do Attitude: Positivity and determination are key.
- Reliable Transportation: You will need to travel to meet clients and visit properties.
- Smart Phone: Essential for communication and managing your schedule.
- Access to Computer and Printer: Necessary for paperwork and marketing materials.
- Working Understanding of Basic Computer Applications: Basic computer skills are essential for managing listings and client communications.
Join Us and Make Some Money!

Becoming a mobile home Sales Agent with The Mobile Home Dealer LLC in Sarasota, Florida, offers a unique opportunity to enter a growing market with the support of a respected and experienced team. If you are ready to take control of your career, enjoy the freedom of a flexible schedule, and earn a competitive income, we invite you to join us. Together, we can help more people find their perfect mobile home and achieve their dreams.

Contact us today to learn more about this exciting opportunity and start your journey with The Mobile Home Dealer LLC.

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July 23, 2024
How to Find the Cheapest Mobile Homes in Sarasota
In today’s world, buying a home is one of the biggest investments people make. But what if you don’t have enough money to buy a big, fancy house? Don’t worry – there’s another option. Mobile homes are the perfect solution for those who want to purchase a house but don’t have the funds. But where do you start when looking for the cheapest mobile homes in Sarasota?

In this article, we’ll explore the pros and cons of buying a cheap mobile home, list some of the most affordable places in Sarasota, and discuss when it makes sense to buy new versus used. Finally, we’ll provide step-by-step instructions on how to find the cheapest mobile homes in Sarasota.

Sarasota Mobile Home

First Thing First: Compare Prices

When looking for the cheapest mobile homes in Sarasota, it’s important to compare prices and other factors. The easiest way to do this is through online research. You can use websites such as Zillow, Trulia, or Redfin to compare prices in the area. These sites will provide you with a variety of features, including the option to search for homes based on your budget and other criteria. Additionally, you can read reviews from other people in the area, so you know what you’re getting into before you make a purchase.

When you’ve narrowed down your list of potential mobile homes, it’s time to go out and visit them. You’ll want to consider a few things when viewing the homes, such as the condition of the home, the size, and the location. If the home is located in a desirable area, you might be able to get a better deal than a home located in a less desirable area. Additionally, you should ask the owner or the real estate agent questions about the home, such as its age, the quality of materials used, and any repairs that have been done in the past.

Other Factors to Consider

In addition to price, there are a few other factors to consider when looking for the cheapest mobile homes in Sarasota. You should research the schools in the area and find out what amenities are available. Additionally, you should find out what types of taxes will be assessed on the home.

Finally, you’ll want to research the different mobile home financing options available in Sarasota. Make sure you understand what you’ll need to qualify for financing, as well as any costs associated with the financing. Once you’ve gathered all of the necessary information, you can make an informed decision about which mobile home is the best value for your budget.

Why Choose a Cheap Mobile Home?

On the surface, choosing a mobile home that is extremely cheap seems like a no-brainer; why not get the most for your money and cut costs when possible? In reality, however, there are a few factors to consider before deciding if a cheap mobile home is a right choice.

First and foremost, you may want to inquire about the age, quality, and condition of the mobile home before you decide to buy the cheapest one. While a bargain may appear to be saving you money upfront, any hidden maintenance costs or major renovations that need to be done may end up costing you much more in the long run. It is also important to ask about the life expectancy of the mobile home, as some of the older models may not last long and may require frequent repairs.

Moreover, finding the cheapest mobile home in Sarasota may also require some research. Knowing the right questions to ask and doing a little digging online can help you find the best deals available. It is also important to know what amenities are included in the mobile home and whether it is located in a desirable area of town.

Finally, it is important to consider the cost of installation and upkeep. Some of the cheapest mobile homes may not come with all the options you are looking for and could require additional installation fees. Similarly, the cost of maintenance and upkeep can quickly add up, so it is important to factor those costs into your purchase decision.

Overall, there are many advantages to buying a cheap mobile home in Sarasota, but it is important to weigh all your options before making a final decision. By understanding what to look for and doing your research, you can find the right mobile home for you at an affordable price.

Pros and Cons of Buying a Cheap Mobile Home

When looking for a cheap mobile home in Sarasota, it is important to consider both the pros and cons of buying a low-cost home. Doing so will help to ensure that you make an informed decision that is in your best interests.

The main advantage of purchasing a cheap mobile home in Sarasota is that they generally cost less upfront. This allows you to pay a lower price for your house, which can be a great benefit if you are on a tight budget. Additionally, many of these models may come with special features that can add even more value. For example, some may include energy-efficient appliances and modern amenities.

Despite the lower price tag, however, there are a few potential drawbacks to consider when looking for a cheap mobile home in Sarasota. To begin with, lower-priced models may lack the interior design and structural integrity that more expensive models have. Additionally, many of these models may not be up to code and may require additional renovations or repairs to meet local building codes.

Therefore, it is important to carefully consider the pros and cons of purchasing a cheap mobile home in Sarasota before making a decision. Researching different models to compare the prices, features, and quality can help you find the best value and make sure that you get the most for your money.

Mobile Home for Sale in Sebring

Most Affordable Places in Sarasota

Sarasota, Florida, is a great place to find cheap mobile homes! Whether you’re looking for a permanent residence or a vacation getaway, there are a variety of locations in Sarasota to consider when searching for the best value. Some of the most affordable places in Sarasota include the various mobile home parks throughout the city.

Mobile home parks in Sarasota offer a variety of different options, from single-wide units to double-wide units. These parks feature amenities such as pools, a clubhouse, and plenty of space to enjoy the outdoors. Prices for mobile homes in Sarasota range from $20,000 to $50,000, depending on the size of the unit and the amenities included.

Another great way to find cheap mobile homes in Sarasota is to check out some of the larger housing communities in the area. These communities offer homes that may be slightly older and outdated, but they can provide great value for those looking to save money. Many of these communities have lots of activities and amenities available, making them attractive to those with families or those looking for a more luxurious lifestyle. Prices here range from $50,000 to $75,000.

Finally, those seeking the most affordable option in Sarasota should consider repossessed mobile homes. These properties are often available at extremely discounted rates and can provide great value for those looking for a budget-friendly living. Repossessed mobile homes are typically in good condition and come with all the bells and whistles that one might expect from a traditional mobile home—prices for repossessed mobile homes in Sarasota range from $10,000 to $20,000.

To find a list of these types of homes, contact the park manager to find out what homes are in the eviction process and when they will be available for purchase.

Finding the perfect place to buy a mobile home in Sarasota is easier than ever. With the variety of locations and communities available, those looking to find an affordable option are sure to have plenty of great options to choose from. Whether you are looking for a permanent residence or just a great vacation getaway, finding the right mobile home in Sarasota is easier than ever.

Should I Buy a New or Used Mobile Home?

When it comes to finding the best value for your money, deciding whether to buy a used or new mobile home in Sarasota is an important decision. With both options offering potential savings, it’s important to weigh the benefits of each to determine the best fit for you.

New mobile homes offer the most up-to-date models and styles and are typically equipped with important safety features and energy-efficient materials. They also come with a manufacturer’s warranty, so you can rest assured that if any issues arise, they can usually be addressed at no additional cost. On the other hand, there is usually a minimum upfront cost with new homes, which may be higher than budgeting for a used mobile home in Sarasota.

Alternatively, used mobile homes can be a great option for budget-conscious buyers. Used homes are often sold at lower prices, allowing buyers to find the best value for their money. For example, buyers may be able to find a 3 bedroom/2 bath mobile home in Sarasota for about half the price of a new mobile home. Used mobile homes also may offer more customization or updates than new models.

However, with used mobile homes, you need to consider the condition of the home. Most used mobile homes have been lived in before, so it’s important to do a thorough inspection to ensure that the home is in good condition and that all features are in working order. Buyers should also consider potential repair costs and whether they need to purchase a warranty to protect their purchase.

When considering purchasing a pre-owned mobile home, we can’t stress enough that the Buyer should inspect the roof, air conditioning, and electrical of the home they are looking to buy. These three components are often the most expensive of any property and need to be looked at in detail before making any buying decision to ensure the potential homeowner is not buying a property that could cost them several thousand dollars to make it habitable.

The buyer has the choice of buying a new or used mobile home in Sarasota. Both options offer potential benefits, but it ultimately depends on your budget and what you’re looking for. It’s important to do your research and compare the options to find the best value and the cheapest mobile home in Sarasota.

How to Find the Cheapest Mobile Homes in Sarasota

Finding cheap mobile homes in Sarasota doesn’t have to be a challenge. There are several steps you can take to get the best value for your money.
1. First, do your research. Look online at listings of mobile homes in Sarasota, focusing on the lower-priced ones. You can also search through classified ads in local newspapers and magazines. Pay attention to the prices and the features of the mobile homes to get a sense of what kind of values you can find.
1. Second, talk to local Mobile home brokers such as The Mobile Home Dealer agents have access to listings of mobile homes for sale in the Sarasota area, some of which are posted by private sellers. Ask them to show you any properties that are priced at a discount.
1. Third, contact local mobile home parks and communities. Many of these offer discounts on their homes or rent-to-own deals. Contact the community’s management office and ask what their current deals are.
1. Fourth, look into government programs. In some areas, there may be local or state programs that can help you find a mobile home at a discounted price. Contact your local government office to see what options are available.
1. Finally, consult with a financial advisor. If you need help securing financing for your purchase, a financial advisor can help you compare lenders and determine the best option for you.
By following these steps, you can find a mobile home in Sarasota that offers great value for your money. With a little research and the right contacts, you can find the perfect mobile home for your needs.

Conclusion

Sarasota is a great place to find a cheap mobile home. Choosing to buy an inexpensive mobile home can be a great way to own a home at an affordable price. There are pros and cons to buying a cheap mobile home that you may consider before making your decision.

When looking for the cheapest mobile homes in Sarasota, consider buying a used mobile home and as you shop, compare prices of homes in different locations and with different amenities. With research and careful comparison shopping, you can find the best value for your money and the dream home you deserve in Sarasota.

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April 12, 2024
How Much Will Sarasota Florida Mobile Home Lot Rents Change For 2022?
With a crazy, oftentimes unpredictable 2021 for all wrapping up we now can begin looking forward to all that 2022 brings!

One of the main items that will need to be looked at for all potential Buyers and Sellers of mobile homes within the greater Sarasota Florida area is lot rent.

Lot rent, for those who are new to the blog, is a fee that is owed by the mobile homeowner each month for usage of the land that their home sits on.

The amount that mobile home lot rents in Sarasota, Florida will change in 2022 is still uncertain. Several factors can influence changes in lot rent costs, including the cost of living, inflation rates, and the area’s overall housing market. Additionally, the cost of park maintenance, taxes, and insurance can also influence how much the rent increases. While it is impossible to provide an exact answer at this time, lot rents in the Sarasota area will likely increase at least slightly by 2022.

Within the state of Florida, when a mobile home resides on land that is leased and not owned by the homeowner then this type of property is viewed as and taxed as personal property and not real property. Homes that are located on leased land have titles associated with their ownership of them and not deeds such as traditional real estate.

Aloha Mobile Home Park

If this sounds a lot like purchasing a motor vehicle, then you are correct!

Mobile homes located on leased land are titled and registered at the Department of Motor Vehicles just the same way as automobiles are.

It is reasonable to expect a lot rent increase each year.

The reason for this is that many lot rents around the Sarasota Florida area include some, if not all, of the following:
- Usage Of Lane
- Water
- Sewer
- Trash
- Lawn Care
- Usage And Upkeep Of Park Amenities
As you can see, what one gets with the basic lot rent is much more than just the usage of the land and is one of the main reasons why living in a mobile home that is located on leased land is such an attractive option due to the affordability of this type of housing option!

Mobile home lot rents usually increase somewhere between 2%-3% in order to keep up with the national inflation seen here in the United States.

The reason for the increase is that the cost of fuel will increase that is used for the lawnmowers to cut your grass along with the wages of those folks who are doing the work, the cost of water, the cost of the trash trucks, and so on.

As everyone knows, the level of inflation that we currently seeing throughout the country has certainly hit the Sarasota Florida area full blast and the mobile home communities have not been able to avoid this!

What we expect is a higher-than-normal lot rent increase leading into the 2022 calendar year due to the rampant inflation that we are seeing throughout the area.

While some lot rents will go up the standard 2%-3% we would expect that the average lot rent will increase quite a bit more in order to off balance the inflation levels in the local Sarasota Florida area.

With rising lot rent costs that will be higher than normal, we at The Mobile Home Dealer, are very interested to see how this will affect the Sarasota Florida mobile home market as a whole as many of the owners of these mobile homes are on some type of fixed income that allows them the ability to afford the current lot rents.

While we are certainly unable to tell what the future will hold for Sarasota Florida mobile home lot rents we do feel that all owners should expect to see, at the minimum, a 2%-3% increase on their monthly bill, if not more.

In the state of Florida, it is required that if a mobile home park lot rent is to increase then the owners of the park must give all of the residents a 90-day notice of the increase. Many times this is done through mailings directly to each resident’s home stating what the new lot will be and why it is increasing.

Most mobile home parks in the Sarasota area increase their lot rents each year around the first of the year so expect to see this letter come to your home sometime in the mid to late fall if the lot rent will increase.

What we at The Mobile Home Dealer continue to see year after year is that mobile home park lot rents will increase somewhere around 2-3% each year in order to match the national level of inflation. What this means is that if the lot rent is $600 now then it would be reasonable to expect that next year’s lot rent will be around $620 or so.

While the cost of lot rent is certainly due to increase each year there are certain parks that will only increase the lot rent every few years. The reason for this is that many times these parks fail to accurately track inflation and will over-increase the lot rent one year only for the following year to remain the same so that the increase equals out over the following year.

When looking at buying a mobile home on leased land throughout the Sarasota Florida area we always suggest looking at your income now and asking yourself if it will increase over the time period where you are looking to own the mobile home or if it will stay the same. Once this is determined we suggest next asking yourself how long you see yourself living in the mobile home. The reason for both of these questions is to better prepare yourself from a budgetary standpoint to decide how long you will be able to comfortably afford the mobile home parks lot rent so that you are not in position years down the road where you can’t afford it.

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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September 25, 2023
Why Sarasota Mobile Homes Are Priced WRONG!
How To Price Your Sarasota Mobile Home

How are you able to obtain the most accurate way to price your mobile home that is for sale when the mobile home is on leased land?

With the rising real estate market that we are all seeing throughout the country, it is natural to think that selling your Sarasota Florida mobile home is the right thing to do now in an attempt to cash in on all the Buyers looking to relocate to Florida.

Is there a way that we as licensed mobile home Brokers in the state of Florida can state that without a doubt, your home is worth this amount?

Most people in the mobile home industry would say yes. That the best way to do this is to look at other homes in the community with the same size and home sites, similar beds and baths along with other features and base your price on that. I would go as far as to say that this is by far the most common way that people in the mobile home industry say that a mobile home Seller should go about getting their home priced.

But is this, by the book, the best way to do it?

No. No, it’s not.

In fact, this is totally wrong and really does not hold a candle to the way one can value a mobile home on leased land.

The reason why this is wrong is that mobile homes in Florida that are on leased land, where the owner owns the home and rents the land underneath, make the home personal property which is how the home is taxed and viewed by the state of Florida. This is the same way a vehicle is taxed.

Essentially, in this transaction, you are buying a car and as such, mobile homes on leased land, have titles and not deeds as the owner of a mobile home on leased land do not technically own real estate, it is personal property, just like a car. Since the home is viewed as personal property and is therefore viewed as an automobile for all intents and purposes in the state’s eyes, then the only way to accurately price your mobile home’s worth is by pulling the VIN number off the mobile home title and looking it up in the NADA Guidebook.

The NADA guidebook is also known as the National Automobile Dealers Association book. This is a price guide, much like that, of the Kelley Blue Book value system. When looking up the value of your mobile home, you will need the age, the VIN number, the make, the model, and the size of the home. The guidebook will also ask other general questions such as what is the general condition of the property, the roof’s age, what condition is that roof in, and the air conditioning system.

So let’s take a look at what this really looks like.

As you can see here, the property is a 1993 Redman in fair condition. After going through all of the basic questions about the home, the NADA Guidebook provided a value of $3,612.30.

Is that lower than what you thought the mobile home was worth?!

For me, it sure was!

It would be reasonable to say that many Buyers and Sellers around the Gulf Coast of Florida are not aware of how to price their mobile homes or what a mobile home on leased land is really even worth. I believe it would also be fair to say that if we were going strictly by the book, most mobile homes in the area are grossly overpriced compared to that of the NADA guidebook.

I think that the lack of information available to so many Buyers and Sellers in the area provides the prices that we see today throughout the area of Florida where we work.

So, are the guidebooks right?

Well technically, yes, they are since again, we are dealing with personal property, just like an automobile and not real estate.

The next question would be, are all mobile homes that do not follow this guidebook pricing guide grossly overpriced?

Well, that’s up to you to decide.

You know as the old saying goes, something is only worth what someone else will pay for it.

Overpricing Your Mobile Home

Pricing your home high will usually result in your home sitting on the market longer, while the Seller continues to pay lot rent, utilities, taxes, and all other carrying costs associated with owning that property. These continued monthly payments will eat into your profit even if you sell the home for a higher price.

When buying a mobile home on leased land in Florida a Buyer or Seller does not need to report the sales price of a home to anyone. Many times this leads to no comparative pricing in the area for a mobile home. With this lack of information, we often see Sellers who are trying to sell their mobile homes themselves look online for their own comps on similar properties. The problem we see here is that most Sellers will compare their mobile home on leased land to that of a single-family home. The main issue here is that the Seller is comparing apples to oranges because a mobile home on leased land in Florida is personal property and not real estate.

Following this pricing guideline, we continue to see mobile homes sit on the market for extended periods of time because the home is considerably overpriced.

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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September 22, 2023