BEST ANSWER
Felah, I am assuming you are meaning the difference between a mobile home and a single family home? Actually, in both the purchase and the sale of a mobile home the paperwork is a bit different, as is the financing. Depending on whether a mobile home is in a park that is a rental park (where you pay "space rent" for the ground it is on) or if you are in a park where you own the land the park is on, financing can be different than it is for a "stick built" home in a neighborhood. With today's financing it can get very sticky in either situation. In addition, unlike a stick built single family home, mobile homes older than 1976 can be very difficult to finance, no matter how nice they may look, or how many updates they have had. The reason for this is that the construction of the older homes was different, and lenders don't want to lend on them.
For both the purchase and the listing of mobile or manufactured homes, the listing and purchase agreements are a whole different set of documents than the documents for a regular home. On them you need to give the details of the size, manufacturer, serial numbers and whether or not the home is on the "tax rolls" or if they are taxed as a vehicle.
In addition, many mobile home communities are "senior only" communitites, which have restrictions on how old the owner of the home must be, so you need to plan accordingly if you have a family or children that will be living in the home. Family parks are fewer and farther between.
I hope this answers your questions. If not, feel free to contact me and I will try to be of further assistance.
Patti Phillips
"Advice You Need, Attention You Deserve"
800-680-9133
Tue Mar 17 2009, 10:19