How To Buy A Mobile Home [GUIDE]

When it comes to the Mobile Home Real Estate Industry there is quite a difference than buying your traditional land deeded home. In the preparation, you have to be aware of exactly what you want. Before looking into mobile homes, do some market research for a comparative analysis of the type of home you want based on location, community, lot fees, the average adjusted monthly homesite rent (Lot Rent Increases) and more.

Finding a Mobile Home Community: Pre-qualify Yourself 

There can be quite a negative stigma when it comes to living in a mobile home. Stereotypes have drawn a poor picture for mobile home living, However, your best bet of having a quality way of life is to move into a mobile home community park. Community parks have set guidelines and community by-laws which all residents have to abide by. In order to move into one of the communities, you must qualify for the minimum requirements:

Pre-qualifying for a Mobile Home Community: Requirements 

• No Criminal Background
• No History of Evictions
• You must make 3 times the lot rent and you must be able to prove it with either Tax Returns, Pay Stubs, or Bank Statements

If you don’t meet these requirements it doesn’t mean you can’t buy a mobile home in a mobile home community park

Just because you don’t meet the minimum qualifications doesn’t mean it’s over for you. This just means you have to be a little more diligent. Call the community beforehand and make your case. Each community has its own way of approving future residents, so talk to the park manager and see what they have to say, they may even have tips to help you get approved. At the end of the day, the park approval process is made to keep the community safe, not to leave you homeless.

What to Understand When it comes to Dealing With Mobile Homes For Sale

Buying a mobile home is similar yet very different from buying a land-deeded home. When it comes to buying a mobile home closing there are some things you want to know before getting your feet wet.

Set Your Budget: Buying A Mobile Home [TIP 1]

First things first, money talk bullcrap walks. It’s important to set your budget not only for how much you are willing to pay for the Mobile Home its self plus your monthly budget you are willing to pay toward your lot fees. This makes it a lot easier for your real estate agent to find your ideal home and can set your expectations as far as what you can expect from each community they show you. Each community offers its own set of amenities and community guidelines to make living there an enjoyable and safe environment.

Determine The Location: Buying A Mobile Home For Sale [TIP 2]

Now you know what you are willing to pay, and you know what to expect as far as the lot fees are concerned. Let’s do some more research. Whether you are looking to move to Boynton Beach Florida, or Canton Ohio there are some key terms you should always search by such as “mobile homes near me” this search term lets Google do the work for you and will use your location from your phone or whatever device you are using and get you the most popular results for that area. also, try “mobile homes for sale” and “mobile homes for sale in Boynton Beach Florida” or whatever city and state you plan to move into. Once you get some comparative results on the areas you are thinking about moving to start looking into the attributes of the location. By that we mean think about your day to day life and think about what you need near you in the community; for example, you might like to have a grocery store within walking distance of your home/community, or you’d like to be aware of how far the closest hospital is. These are the types of things you’d definitely want to consider.

Find a Mobile Home Real Estate Agent: Buying A Mobile Home For Sale [TIP 3]

Click here to see 9 amazing Mobile Home Remodels

Don’t deal with this alone, buying a home of any kind can be a headache. Get an agent who specializes in Mobile Homes they will show you what to look for in order for you to get the best deal. They are also familiar with all the local communities so they can make sure they only show you communities that would match your taste/budget for example even on our site we have a link to each community we are familiar with and a description of each community for example here’s a link to our community description of The Meadows Florida located in the Palm Beach Gardens area, where we help people buy and sell mobile homes! It’s key to know that the agent is familiar with the local area and knows the ins-and-outs of the community to ensure your new future home meets your expectations

Think About A Long Term Profit: Buying A Mobile Home For Sale [TIP 4]

Mobile Homes can be a cash cow for those who invest a small amount. When it comes to mobile homes we’ve noticed that a small remodel can greatly increase the value of a home by up to 50% for a small $1,500 – $4,000 investment. The Difference can be night and day from these remodels. Check out these amazing Mobile Home Remodels for a little inspiration to get you started. 

CLOSE THE DEAL! Buying A Mobile Home For Sale [TIP 5]

This is is the moment we’ve all been waiting for, after countless hours of researching, looking into mobile home remodels, finding your mobile home agent, having them help you fin your ideal mobile home in a community you want the time has finally come! Let’s close you’ve found your home, put down your deposit, applied to the park, got park approved, closed the deal, paid the closing fees, and now you can finally begin moving in! If you have found any of this helpful please comment below! We find it’s important to hear from the readers so we can optimize the articles to help you as much as possible! If you are looking to buy a mobile home be sure to check out our properties we have listed.