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Mobile home parks are one of the few real estate sectors that are heavily restricted due to intense zoning laws. This means that the parks cannot be created anymore, thus capping the amount of parks available for use, whether renting, selling, or buying. Mobile home owners may find it prudent to sell their mobile homes after some time for various reasons, but they may struggle with knowing who to sell it to or how to go about it. Similarly, those who own the parks may want to retire or step away from maintaining the parks. In fact, some individuals are confused by the laws regarding mobile homes and don’t understand its classification. Fortunately, our team of experts at Oxgord MHP can help answer any questions you have about putting your mobile home park up for sale. We are willing to buy your mobile home or mobile home park, and we pay top dollar for the land.
Can I sell my home to you?
Yes! You can sell your mobile home or park to us, provided you have the legal means to do so. You do not have to go through the bank or pay a broker to represent you, which means you can save 5% or more of the total sale.
What if my home is in probate?
If your property is in probate – or is currently being held to be considered to pay off debt or to be distributed to heirs – you can still sell it without the help of an agent. Essentially, this involves us appraising the property, placing a deposit, and signing an agreement that you will then submit to the court. A future date will then be set to finalize the sale.
What if my mobile home park is part of a trust?
Trusts help keep property out of probate, and thus, out of public record. You may be the rightful owner of a mobile home as dictated by a trustmaker, but unable to access it because of some stipulations. The trustee can sign away the property for you and organize the transfer of the titles.
What if I only own the mobile home park land?
If you own the land of a mobile home park, we can buy it from you and control all the necessities. You will only have to transfer titles while we cover the closing costs.
What if I only own a mobile home?
You do not have to alert the park or anyone else that you are selling your mobile home. By selling directly to us, you can avoid many fees and lowered costs (selling to a bank, for instance, might get you drastically less money overall than selling directly).
How can I determine the worth of my property?
The worth of your property can be determined by the area you live in, the state of your home, and which market you choose to sell to. If you try to list your property retail, it can take much longer to sell because of the numerous other properties available, and there is no guarantee of a higher profit. Selling it directly to us, however, guarantees top dollar pricing with no long waiting periods. We will appraise your property for you if you send us a description and photos.
Do you purchase parks in poor condition?
Absolutely! However, a trailer park in a state of disrepair will likely fetch a lower price than one in pristine condition because of the amount that must be invested into it. You should not be hesitant to ask us about your property’s worth or if we will buy it because of its condition.
How long is the process to sell my mobile home park?
If all goes well and there is no hang up on changing titles, dealing with lawyers, or other snags, the sale could be completed within a week. Our transactions are done with cash with little to no contingencies.
How long is the move out period?
You will generally have a few months to move out once we have closed the sale, but if there are extenuating circumstances, we could come to an agreement to allow for a delayed move out period. We’re flexible with all of our terms, and we make sure our clients are treated fairly. However, if you don’t live on the land, there is no move out period, of course.
What is my responsibility to the park?
If you plan on selling your mobile home, you do not need to alert the owner that you are selling your home; we can take care of that for you. You can elect to turn off utilities and cancel various contracts prior to moving out, though. As a trailer park owner, we can send out a statement alerting renters to new ownership.
Do you work with mortgage companies, banks, debtors, etc?
Yes, we have extensive experience with these entities. We know that not all properties are sold with ease and that we sometimes have to work with a third party.
At Oxgord MHP, we have purchased numerous properties from interested sellers. The benefit of seller financing is that you, the seller, will receive payment directly from us, the buyer, without having to go through any other parties. This means that there are no additional fees from brokers, listing websites, finder’s amounts, and more. You alone receive the payment for the property you own – no one else.
Call our offices today to speak with a representative about selling your mobile home park. We will discuss your property and evaluate what the worth could be.