Land With Mobile Home For Sale
If you have land with a mobile home on it for sale, you may have discovered some challenges. Depending on the state where your property is located, mobile homes may be considered part of the “real property,” or they may be classed as “personal property.” These terms are important for appraisals and for real estate tax purposes.
The legal designation of your property is not usually the first thing an interested buyer is concerned about. They are looking at the house and the land, and hopefully they are falling in love with it and making you an offer to buy it. It’s when they apply for a mortgage that these legal realities may come up.
Generally, only specialized mortgage lenders will work with traditional buyers applying for loans on a mobile home that is personal property. Typical mortgage lenders only work with real property, or land on which the house and other buildings are affixed, not sitting on wheels and potentially able to be removed easily. This is the reason mobile home sales can be challenging.
Real estate agents who have had experience with mobile home financing or insurance issues may hesitate to list your land with a mobile home for sale. They may prefer to spend their time on real property that can be financed through regular mortgage lenders. It makes their job as agents much easier.
We Pay Fast Buys Land With Mobile Homes
A quick solution for selling a mobile home on land may be one phone call away. Calling 1-800-WePayFast (1-800-937-2932) or emailing info@wepayfast.com puts you in contact with the experienced real estate buyers at We Pay Fast. They pay cash and close fast, in less than two weeks for most transactions.
We Pay Fast pays all the closing costs and legal fees, so when you agree on a sale price you know how much you’ll receive at closing. It’s much faster, easier and more secure than selling to a traditional buyer who may not be able to get mortgage financing.
Call 1-800-WePayFast (1-800-937-2932) and speak to the We Pay Fast buyers whenever you have land with a mobile home for sale.