What forms are needed to sell mobile home?

Napaseller
Home Seller
Napa, CA

Have buyer just want to trade title/reg for cash. Know I need disclosure, lead paint,smoke detector, multi-purpose transfer form and bill of sale. Is there anything else? Times are tough for everyone need to sell this on my own.
I am also going to do an appraisal to make sure the pricing is right.

Answers (2)
Napaseller
Home Seller
Napa, CA

Don, Thank you for your answer. Actually never advertised. We were still in the process of cleaning it up and the park managers' son walked over a buyer with a huge cash down payment. We are going finance the buyer for the rest. The buyer knows what our ball park is and it is he who requested the appraisal. Which brings up another question...we were thinking of 3-5% financing and I think the buyer just wants to make payments for the rest without financing. I want to go thru a title company to draw up the paperwork to make it all legal. What would be the right thing to do if he put down 40pct cash?

Mon May 25 2009, 09:35
Don Tepper
Agent
Fairfax, VA
FIRST ANSWER

Not sure you need anything else, unless it's something required by your locality. Selling a mobile home is closer to the process to sell a car than to sell real estate (assuming there's no land attached).

However, I don't understand the appraisal. If you'd wanted one, it should have been done before you marketed the property; if you have a buyer, you've probably already advertised/quoted a price. What if it appraises for more; are you going to tell him: "Sorry, but now I want more money"?

Also, mobile homes don't appreciate, certainly not like real estate. In fact, like cars, they depreciate. So, generally, a mobile home seller is pleased to sell the home for what he/she paid. I know plenty of mobile home owners who would be delighted to sell for what they paid for. You might use this as a gauge in your pricing. And, of course, if you're in a mobile home park, look at what similar homes are selling for.

Mon May 25 2009, 03:48

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 48
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback