As someone who’s dabbling in mobile home investing, it comes as no surprise that you need answers to questions such as “Do I need a lawyer to buy or sell a mobile home?”
We’ll be the first to say you’re at the right place. EZ Homes takes pride in helping others sell their mobile homes quickly and easily. That being said, we know the ins and outs of the trade, and we’re excited to share what we know.
But without further delay, let’s examine some frequently asked questions pertaining to buying or selling a mobile home.
Mobile home buying and selling questions
You have questions, we have answers. So let’s take a look at our first question.
Do I need a lawyer to buy or sell a mobile home?
“Do I need a lawyer to buy or sell a mobile home?” Good question!
It’s best that you hire an attorney. If you don’t have a real estate agent in the mix, a lawyer will help you dot your i’s and cross your t’s as you grapple with legal documents in the sale of your mobile home.
Of course, requirements vary from state to state. So for up-to-date information pertaining to your state, reach out to a professional near you for legal advice.
What documents do I need to sell a mobile home?
Since it’s an affordable housing option, your mobile home may not sit long on the housing market. But do you know what documents you will need to sell it? It’s best to not be caught off guard. And that’s why you’re here, searching for answers.
Here’s what you’ll likely need to sell a mobile home: a mobile home title, a bill of sale, evidence of property taxes being “paid-up,” and a certificate of occupancy.
Again, see what your state requires of you — California, for example, would require a certificate of occupancy while another state would not. If you live in Michigan, consider reading the Michigan Department of Licensing and Regulatory Affairs’ Mobile Home Buyer’s & Resident’s Handbook.
What about cash-only buying or selling?
Maybe you’re also wondering about the pros and cons of buying or selling a mobile home in an all-cash situation. Those who have cash to buy a mobile home are winners — it won’t take long for them to strike a deal compared to someone without cash. Those who sell a mobile home all-cash will sell fast — and that’s a big win if you’re in a hurry.
Is a mobile home real or personal property?
According to the IRS, a mobile home qualifies as personal property. They write: “‘real property’ means ‘interests in land,’ whether absolute, limited, or conditional …”
However, if the mobile home is legally attached to the land on which it sits, it could fall into the real property category.
Does a “lemon law” apply to mobile homes?
In some states, you’ll find laws that protect consumers from new purchases that are defective from the start. Thanks to these lemon laws, the consumer can file a claim against the seller (or manufacturer), and if the claim is found valid, the consumer will receive compensation for the defective product.
It should be noted that lemon laws vary from state to state when it comes to what products are covered by the law and how the claim may be filed.
Manufactured mobile homes do not fall under the lemon laws. However, a consumer law attorney could help in instances where there may be grounds for a consumer protection law complaint or the like. It’s best to contact an attorney in your state for help in understanding how the law could help you as a buyer with a faulty mobile home.
Patience pays off
You asked, “Do I need a lawyer to buy or sell a mobile home?” We answered that question and more.
As an up-and-coming investor, you’re looking to make the way clearer in buying and/or selling mobile homes. That’s great. Remember — patience pays off. In a fast-paced world, it’s rare to find someone who’s willing to offer patience and effort toward a successful investment. We wish you the best in your pursuit of success.
If you’re trying to figure out the cost involved in moving a mobile home off the property it currently rests on, see What Is The Cost To Remove A Manufactured Home & How To Budget. We’ll even show you how to budget for the task at hand. That way you can prepare to make sound decisions next time you’re faced with a mobile home purchase that would require relocating the home.