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Mobile Manufactured Home Bill Of Sale Template PDF Free Download
Mobile (Manufactured) Home Bill Of Sale
A mobile home bill of sale is used to prove the legal sale and purchase of a manufactured home (mobile home) between a buyer and seller.
The buyer may provide a security deposit to the current owner while arrangement for a thorough inspection is conducted.
After the inspection is completed and a favourable result is found, the sale may move forward.
Once the transaction is completed, it’s recommended that a notary public witness the signing of the document. There is notary acknowledgment available at end of the document.
How to Sell a Mobile Home
When selling a mobile home, the most important factor is the land the mobile home is resting on.
If the owner also owns the land, the transaction is more straightforward and takes place much like a standard home-selling process.
On the other hand, if the mobile home is on leased land (such as a trailer park community), the owner of the land must be involved prior to the sale, as they have the power to permit or deny certain people from staying on their land.
How much does it cost to move a mobile home?
Transporting a mobile home is a costly endeavour.
As moving.com points out, out, a full-service move can cost upwards of $13k.
Of course, there are many factors that go into the final price for moving the home, including the following components:
Size and Weight – Mobile homes that are built with dense materials, as well as those that are exceptionally long or wide, will require more manpower to transport from one spot to the next.
If the home is double-wide, the transport will need to take the form of a convoy, in which spotter vehicles (and potential road closures) will need to be arranged.
Permits – If a professional moving company is used, permits will most likely be taken care of ahead of time.
However, additional fees may be added to the total bill paid by the buyer.
If the mobile home is being moved to another state, the structure may need to be inspected prior to arrival.
Distance – To state the obvious, the farther the distance between the current location and the new location, the higher the price of the move.
Gas and wear and tear are the primary factors that go into the distance involved.
Preparation – If the home has been stationary for a long period of time, it may need repairs prior to the move.
This is to reduce the chance of an accident occurring during the trip.
While the upfront costs may seem steep, putting the move in the hands of professionals often justifies the cost.
Renting the necessary equipment and handling all of the small details leaves significant room for errors, and can result in a destroyed home and unnecessary risk to those using public roads.
How to Use a Mobile Home Bill of Sale
This guide explains the process in most States for the purchase and sale of a mobile home.
Step 1 – Negotiate the Terms
The buyer and seller will be required to come to terms.
This will include agreeing to a price for the mobile home.
Typically, the seller will have a purchase price that is derived from the type of home being sold (e.g. single wide, double wide, triple wide, etc.) combined with any land that may be included in the sale (if the land is included it may be better to use the residential purchase agreement).
NadaGuides.com – Use this site to get an estimate of how much the manufactured home is worth.
After entering the manufacturer, model name, and State it’s located in, along with the height and width an estimated value will be displayed.
This is just an estimate and is best to also look up what similar homes are selling for in your area with websites like Zillow.com and Craigslist.org.
Step 2 – Buyer’s Inspection
In most cases, the buyer will require that the sale of the home is contingent upon it passing an inspection by a certified inspector.
Most reports should only take about forty-eight (48) hours from the time the inspection occurred and covers the foundation, plumbing, electrical, roof (leaks), siding, heating systems, hot water tank, and any other structural features of the home.
Step 3 – Agree to a Closing Date
Once the final sales amount is agreed upon by both parties a closing date should take place.
At the closing, the seller will transfer possession of the mobile home by vacating and moving out their personal possessions.
Seller’s Responsibilities – Required to bring all documentation, including but not limited to, title, registration, past inspection reports, past repair invoices, lien release(s), and any other certificates that would be helpful or needed for the buyer to register the home in their State.
Buyer’s Responsibilities – Required to bring the funds for the closing in either cash, certified check, money order, or a standard personal check.
Step 4 – Attend the Closing
The parties will be required to authorize the mobile home bill of sale along with the seller signing over the title to the buyer.
At the same time, the buyer will need to present the seller with payment for the mobile home.
Afterwards, the buyer will be able to take possession of the mobile home and transfer the residence to a lot of their choice.
Step 5 – Register the Mobile Home
After all the documents are signed, the buyer will need to go to the Department of Motor Vehicles (DMV) or equivalent office and register the mobile home.
If the home did not come with land, it will be treated like any other transferrable or removable asset which is covered by the buyer’s local DMV office.
In most cases, the buyer will need to bring the title, current/past registration, proof of insurance, mobile home bill of sale, and government issued identification.
Depending on the State there will also be registration fees based on the value of the mobile home in addition to a sales tax.
| Author | – |
| Language | English |
| No. of Pages | 2 |
| PDF Size | 1 MB |
| Category | Form |
| Source/Credits | eforms.com |
Mobile Manufactured Home Bill Of Sale Template PDF Free Download