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Bobbie Sturm, Home Buyer in Centreville, VA

Is there a lot rent on this property? If so, how much is it per month?

Asked by Bobbie Sturm, Centreville, VA Thu Dec 5, 2013

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This mobile home is in a mobile park where you do not own any land. In answer to your question the park will have monthly rates. You would need to contact them directly. This type of sale is the same as a motor vehicle and will get title to the mobile from the motor vehicle department. As such Realtors can not and do not sell them. We are licensed to sell what is called "real property" which requires some form of ownership to real land- whether fee simple, condo, co-op or land lease.

It may be a good option for you, but some issues to consider when making a purchase like this are:
1. Any mobile home over 25 years is very difficult if not impossible to insure.
2. Monthly rental rate of community: how much and how much has it gone up each year for the past few years- and what does it cover?
3. What are the resale restrictions or removal costs?

Remember a mobile like a car will not go up in value and rentals will.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.


Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
0 votes Thank Flag Link Fri Dec 6, 2013
This should have all the info in it and the number to call if you don't see what you are looking for.....regards Marcus…
0 votes Thank Flag Link Thu Dec 5, 2013
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