I grew up in the central part of the state of Michigan and often traveled to the states of Indiana and Ohio. This area is well known for mobile homes on private land and in parks. It is a great area for mobile home buyer dealers.
Through my life I have purchased and sold many types of properties but always enjoyed mobile homes.
Due to the fact that my grandmother worked at the county clerks office I was quickly educated into the world of real estate.
From setting mobile homes on private land to purchasing them in parks I have years of experience in this industry. I have handled hundreds of mobile home transactions over the years.
Mobile Home Buyer Dealers
I doubt any mobile home buyers dealers you know grew up wanting to buy mobile homes. Most buyers got into this position by accident. It wasn’t until 15 years ago that this industry of purchasing mobile homes really started to take off.
Stick built real estate typically takes deep pockets to invest in. With mobile homes you can purchase many homes for $5000 – $10000 investments. The risk is much less when it comes to mobile homes than stick built. This occupation has really grown over the years.
Mobile Home Buyer Dealer Benefits
There are many reasons why mobile home owners need to sell their mobile home. It could be that you have a new job offer, you inherited the mobile home or there was a divorce. Whatever has brought you to the point of needing to sell your mobile home. Mobile home buyers or dealers can purchase them quickly.
Mobile home buyers do not need to be approved by the park. They can purchase quickly with cash and typically give you time to move. If you have a mobile home on private land mobile home buyers are almost always experienced in moving these units as well.
Mobile Home Buyers License
Every valid mobile home buyer dealer will have a license that they operate under. A license is appointed to mobile home buyers from the state in which they transact business. It is best to request a copy of this license to validate the broker that you are looking to do business with.
Your state will typically have a website where you can also look up a license on a mobile home dealer broker, as well.
Many mobile home broker dealers will carry this license with them when they go to meet with sellers.
This will help to insure that you are working with a legitimate business.
Mobile Home Buyer Agreements
It is important that you have a physical purchase agreement with the mobile home buyer. You will want to make sure that you are on the same page on all details of the purchase. The sale of your mobile home is very important and it should be handled professionally.
Too many times sellers want to do a hand shake to sell their mobile homes. This can really cost you in the end.
Here are some things you should have in your purchase agreement:
___ Address of the mobile home
___ Serial number of the mobile home
___ Appliances that will be included in the sale
___Deposit paid and what balance is due on the home. (make sure to get a deposit on your mobile home to make this a valid agreement)
___What date you are responsible for the lot rent to and when the dealer is responsible
___If the home is on private land you will want to include a date that the mobile home must be moved by.
By having a purchase agreement you know what to expect. You will know the dates you are expected to move and when. There will be no surprises.
Mobile Home Buyers: Sheds
Many mobile home buyers and brokers do not want to purchase sheds with the mobile home. Your mobile home shed can be worth money!
These sheds can sell anywhere from a few dollars to a few hundred dollars. It really depends on the quality of the shed and the ease of moving it.
Be sure to ask the broker / dealer if this is an item he / she would like to keep. If the broker does not want the shed check with your neighbors to see if they are interested.
TIP: Another great way to sell the shed is to list it on Facebook Marketplace or Craigslist.
Decks and Carports
Another item you will want to check into is the deck and the carport. Brokers and dealers typically do not want large decks or carports. These items can also be worth money to you as a seller.
Add this to your list when you are working through the details or your purchase agreement. It may just give you some extra moving money.
Mobile Home Titles
It is important to have your mobile mobile home title when you meet with a broker dealer.
In all states, mobile homes are treated as a vehicle. They have titles just like your vehicle and they are bought and sold almost the same way. The titles are typically a colored piece of paper.
Before you meet with the broker dealer make sure that the title is in your name and it is not in the previous owners name.
If there is a problem with the title or you feel there is ask the broker / dealer about it before meeting with them. Broker dealers are use to dealing with almost every scenario when it comes to titles. They can help you to figure out the best solution.
TIP: You can always text or email a copy of the title in question to the broker / dealer. Many times just by looking at the title the broker can help you along the way. If there is a problem with the title it can take weeks to fix so you want to be proactive in getting a good clean title to work with.
A person can’t do anything with a copy of a title. If it does make you feel better you can take a copy of the title and write the words COPY on it when you send it.
Mobile Home Buyers: Parks and on land
Mobile Home Buyers are licensed to purchase mobile homes from land and also from mobile home parks.
70% of all mobile homes sit on private land. If you have a mobile home and it sits on private land check to see if you have the title to the mobile home.
Again a mobile home title will look like a car title and will not just be a piece of paper. If you have a piece of paper you could just have a property deed.
Mobile Home Broker Missing Title
If you only have a property deed you will want to check with your local courthouse about reinstating the title. Each state has a different process for mobile home titles.
Some states have bonds that you can file to get a title back. The process to get a title reinstated can take weeks. There are almost always costs to reinstate a title as well.
There are some states that require that a police officer visit your home. They do this to verify that the numbers on the home are correct with the title, so don’t be surprised if this happens.
Mobile Home Buyer Moving Home
I get many mobile home sellers looking to move mobile homes off private land. The mobile home buyer / dealer is always responsible for the cost associated with moving the mobile home from your land or your park. This is a question that I do get asked often. Unless you agree to something different in your purchase agreement this is almost always the case.
Moving a mobile home costs thousands of dollars so be sure to cover this expense off before signing on the dotted line.
Realtor vs. Mobile Home Broker
Some realtors are licensed to handle mobile homes sales. Realtors will market and show your home for you. This process does take time. It can sometimes take weeks or months to sell your home using a realtor.
A broker / dealer can purchase your mobile home quickly. It would be the broker / dealer themselves typically purchasing the home so you only have to show your home once.
If the home is out of the price range for the broker / dealer they typically have buyers looking or JUST mobile homes.
Realtors tend to have many buyers who are looking to purchase stick built homes not mobile homes.
You might be surprised to learn that when it comes to buying mobile homes and selling them you have to be licensed. It’s important to be insured and follow a set of rules to ensure the process is handled correctly.
This stops people from buying and selling these types of homes when they really don’t know the ropes of how to do it correctly and it protects you.
Mobile homes really do provide an affordable solution for people looking for quick housing either on private land or in mobile home parks. If you are looking to sell your mobile home and you don’t want to deal with the hassle of selling the home yourself a broker / dealer can be a great alternative for you.