Can a Realtor Sell a Manufactured Home in Florida?As a real estate professional in the Sunshine State, it’s important to understand that selling a manufactured home in Florida is no different than selling any other type of property. In fact, both real and personal properties can be sold, meaning that you can sell not only an existing home that has property beneath it, but also an individual mobile home.
Selling Manufactured Homes in Florida as a RealtorFor realtors, the process of selling manufactured homes is much the same as selling traditional homes. However, there are a few differences to keep in mind. One of the biggest differences is in the financing process. Because manufactured homes are often considered personal property rather than real property, financing options for buyers may be limited compared to traditional homes. Another important aspect to consider is that the value of manufactured homes may not appreciate at the same rate as traditional homes. This means that the resale value may not be as high, and sellers should be prepared for this possibility.
Understanding the Legalities of Selling Manufactured HomesWhen selling a manufactured home, it’s crucial to understand the legalities surrounding this type of property. In Florida, manufactured homes must meet certain requirements to be considered real property. These requirements include being permanently attached to a foundation, having a certificate of title converted to real property, and being assessed as real property by the county property appraiser. It’s important to note that if the manufactured home is not considered real property, then the sale would be considered a personal property transaction. This may affect the financing options available to buyers, as well as the taxes and fees associated with the sale.
Selling Manufactured Homes vs. Traditional Homes: What’s the Difference?While the process of selling manufactured homes is similar to that of traditional homes, there are some key differences to keep in mind. Here are some key differences:
- Financing options for buyers may be limited compared to traditional homes.
- Resale value may not be as high as traditional homes.
- Manufactured homes must meet certain requirements to be considered real property.
- A sale of manufactured homes may be considered a personal property transaction.