mobile home park rules

Mobile Home Park Rules: A Guide for Real Estate Agents

by Mobile Home Home 101 - For Agents

Hey there, awesome agents! Let’s break down – mobile home park rules and how they can affect selling homes. We’ll review how the rules in parks play a big role in selling homes.

What are Mobile Home Park Rules?

Mobile home park rules are similar in theory to HOA Bylaws – and are what everyone living in the park must follow. Because the land is being rented – the park (as landowner) implements written rules all homeowners and renters must adhere to. These rules cover things like where homes can be placed, how they should look, and what’s allowed in the community. Understanding these rules is super important, especially when selling homes.

Why Do They Matter for Sales

When you’re trying to sell a mobile home in a park, these regulations can make a big difference. Potential buyers want to know what they can and can’t do if they live there. Knowing the rules helps you answer their questions and make the selling process smoother. In addition – some parks have specific rules relating to selling mobile homes in their parks – for example some may require an resale inspection be conducted and any violations to community standards/rules addressed before a buyer will be allowed to apply for park approval.

How Do Regulations Impact Buyers?

Imagine you’re a buyer interested in a mobile home. If you know the rules, you’ll be more confident in your buying decision. Regulations can affect things like how you decorate your home, what you can keep outside, what pets you can have, how long the home must stay in the park before it can be moved and even who can live with you. It’s all about transparency and making sure everyone knows what to expect.

How to Navigate Regulations

Here’s what you can do to navigate mobile home park regulations:

  • Research: Obtain the rules and regulations (and lease agreement) from the owner of the home or assist them in obtaining a copy from the park office. Study the community’s rules, lease and policies before listing a home for sale.
    Communication: Clearly explain the regulations to potential buyers so they know what they’re getting into.
    Honesty: Be upfront about any regulations that might affect the buyer’s plans.

Make Your Sales Process a Success

Remember, mobile home park regulations are like guidelines that keep things running smoothly. When you understand and communicate these rules, you’re setting the stage for successful sales that benefit both sellers and buyers. Let Midwest Mobile Home Loans be another ingredient to your success! We’re experienced and knowledgeable of the mobile home buying and selling process – and will work with you and your buyer to ensure your sale is a success!

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How to Sell Mobile Homes in Parks

How to Sell Mobile Homes in Parks: A Guide for Real Estate Agents

by LearnMobile Home Home 101 - For Agents

Real Estate Agents or Soon to be Agents! Let’s discuss how to sell mobile homes in parks. This is your chance to learn about the unique dynamics of this niche and how to corner your local market and become an expert in the field. Let’s explore the ins and outs of selling mobile homes in parks!

The Special World of In Park Sales

To sell mobile homes in parks involves a different set of rules. Parks have a mix of homes, a close-knit community, and specific regulations that set them apart from regular homes. As a real estate agent, understanding these dynamics is crucial for successful sales.

Navigating Legal Waters

Selling mobile homes in parks involves dealing with some legal details. From park-specific regulations to lease agreements, you should be well versed in these matters. This ensures that your sales process stays compliant and avoids any unnecessary hiccups. Here are few legal things to know if you’re listing mobile homes in parks in Michigan:

  • To act as an a agent or broker for mobile homes (in parks or unaffixed to land) you must obtain a Mobile Home Dealer license through the Bureau of Construction Codes. Many parks will require you have this to list/sell in their park.
  • A mobile home in a park must have a title to be sold – the seller of a mobile home should have this in their files – if they can’t find it they’ll have to order a replacement through Secretary of State.
  • When buyers purchase a mobile home in a park – the park will require the buyer to either sign a lease agreement (to rent the lot/land) which usually last 12 months or rent the lot on a month to month basis (which usually means higher lot rent). Buyers will usually also have move in costs when buying a home in park (these costs generally include a security deposit and 1st and last month’s lot rent).
  • A mobile home can’t be moved while under a lease – and a mobile cannot be moved if it currently has a lien on title (ie. Owner has a mortgage on the home).

Building Strong Park Connections

In this field, building good relationships with park management is key. They hold the keys to important information about park rules, policies, and any restrictions. A harmonious partnership with park management can make your sales process much smoother. After you have your Mobile Home Dealer license – if you’re a listing agent – contact the park and introduce yourself, let park management know which home you’re selling, confirm lot rent, park approval process and rules for in park sales. If you’re a buyer’s agent – make sure you confirm lot rent for your client (as many parks increase lot rent on a new buyer when a home exchanges hands) and their park approval process so you can share this with your client.

Valuing Mobile Homes with Precision

To successfully sell mobile homes in parks requires putting the right price on the home using an unique approach. While traditional real estate comparisons are important to highlight neighborhood value, you also need to consider park amenities, location within the park, and the overall park condition. This detailed understanding helps you set accurate prices for maximum impact. If you can’t find any comparable home sales in the park you’re working in – try MHVillage.com – to find list/sold prices in the park or area. Do NOT use single family home comps in your mobile home valuations (that’s an apples to oranges comparison!). BTW Datacomp is an appraisal company for mobile homes – you can and should encourage your sellers to purchase a listing appraisal if you’re in doubt about value.

The Power of Community

Understanding the value of the park community is crucial. Buyers aren’t just purchasing a home – they’re joining a unique community. Highlighting the benefits and amenities of park living and fostering a sense of belonging can greatly influence buyers’ decisions.

Market Like a Pro

Promoting mobile homes in parks requires a tailored approach. Utilize online platforms (like Facebook Marketplace and Buy/Sell Group and Mhvillage.com, local events, and park-specific marketing to reach potential buyers effectively. Building strong connections within the park community can also lead to valuable referrals. Some mobile home parks have their own Facebook groups – search for these and ask if you (or your seller) can post homes for sale there.

Embracing Uniqueness for Success

Selling mobile homes in parks is a niche within a niche, and mastering it can set you apart as the go to agent for selling mobile homes in your market. By diving into the unique dynamics, you can open doors to new opportunities and excel in this specialized segment of the real estate market.

As a real estate agent, your journey into selling mobile homes within park communities can be a rewarding and profitable one. Let Midwest Mobile Home Loans be your financing partner as you take that journey!

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