Free Mobile Home Bill of Sale Forms

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What is a Mobile Home Bill of Sale?

The mobile home bill of sale is an important document in the home buying process. If you want to venture into real estate, you should be familiar with this document. In its simplest form, a mobile home bill of sale is a legal document used to record the private sale transaction between a mobile home seller and a buyer. Before a buyer pays for the mobile home, it is expected that he/she should inspect the mobile home and agree to the purchasing terms.

The mobile home bill of sale is only valid if it contains information like the names and addresses of the parties, the essential details about the manufactured home, location of a mobile home put on the market, warranty statement, the signatures of the customer and the dealer, and the notary public acknowledgment.

How to Use a Mobile Home Bill of Sale?

Using a mobile home bill of sale is not something difficult. If you have the prior knowledge of using a vehicle or boat bill of sale, the processes are the same. Once you and the buyer have agreed on payment terms, you should write the mobile home bill of sale and give to the buyer to append his/her signature, including at least two witnesses. Once all that is done, you can then exchange the mobile home for cash payment. It is as easy as that. The essence of using a mobile home bill of sale is that in the event of a disagreement between you and the buyer, the bill of sale will protect you.

Why Use a Mobile Home Bill of Sale?

The mobile home bill of sale is as important as the process of buying a home itself. If you are involved in a private sale of your property and you didn't use a bill of sale to back your transaction, then the transaction goes against you, how do you recover your property?

Let's face it: the only sensible way to resolve issues of this nature is to use a mobile home bill of sale. The mobile home bill of sale will protect your rights and that of the buyer. The bill also confirms that a legal sale took place as specified on the bill.

On the side of the mobile home buyer, the bill of sale form can be used to claim damages in case the home later becomes unsatisfactory a few moments after making payment. Therefore, whether you want to buy or sell a mobile home, your best bet is to use a mobile home bill of sale to facilitate the deal.

Can I Create a Mobile Home Bill of Sale Online?

Absolutely, you can create a mobile home bill of sale online. At CocoDoc, we are here to help you. We give home buyers and sellers the leverage to create a unique mobile home bill of sale without any stress.

As you look to create one for yourself online, remember to capture the names and addresses of the parties involved, the essential details about the manufactured home, location of a mobile home put on the market, warranty statement, the signatures of the customer and the dealer, and the notary public acknowledgement. Failure to capture this information means that the mobile home bill of sale form is not valid.

How Do I Sell a Mobile Home?

Wondering how to sell your mobile home at the best possible price? Wonder no longer, there is a solution here. The first step is to discuss the mobile home buying terms and conditions and all the parties involved will agree on the terms. If there is any area that needs explanation, the drafter of the mobile home bill should do well to explain to the understanding of the other parties and witnesses.

Next is to allow the interested buyer to inspect your home. During the inspection, the buyer may come with architects and building engineers to verify that the house is in good condition. After the inspection, you and the buyer need to agree on a date for payment. On your part, you can hire an investment banker to help you negotiate the best possible deal.

If you can't afford an investment banker, you can hire a broker or a real estate agent that has been in the business for years. Once you agree on the amount, it is now time to draft a mobile home bill of sale for the private transaction. Here on CocoDoc, we can help you draft the mobile home bill of sale within seconds. If you are confident you can do it on your own, you should proceed to do that.

Next is to notify the government that you intend to sell your mobile home. The buyer should also notify the government about the purchase for registration purposes. After registration, the buyer can then move into the mobile house.

Conclusion

A mobile home bill of sale is very important to craft when looking to sell or buy a used mobile home in a private deal. The document will protect your rights and prevent you from misunderstanding with the buyer.

The mobile home bill of sale is only valid if it contains information like the names and addresses of the parties, the essential details about the manufactured home, location of a mobile home put on the market, warranty statement, the signatures of the customer and the dealer, and the notary public acknowledgment.

Mobile Home Bill of Sale FAQ

Can you sell a mobile home with just a bill of sale?

A bill of sale is not the only document required to sell a home. There are other documents which you must hand over to a buyer once the buyer makes payment. However, whether you stay in a state that doesn't require a bill of sale to be notarized, it is important for you to craft a mobile home bill of sale when selling your home. It would help to avert issues of fraud and misunderstanding between you and the buyer.

Is there a blue book for mobile homes?

Of course, here is a blue book for mobile homes. The blue book is used to determine the value of a mobile or manufactured home. In your own interest, you may have to purchase the blue book to determine the value of your mobile home before accepting payment from a buyer. The blue book lets you sell your mobile home at the best possible price.

Are mobile homes worth buying?

If you are looking for an alternative real estate investment, mobile homes are worth buying. You can even use your mobile home for rental purposes to make consistent income in the long run. Be sure to do your due diligence before venturing into the business.

Do you pay taxes when you sell a mobile home?

Any gain in the sale of the mobile home would be reported on your federal income tax return for the year of the sale. If you owned the home for more than one year, which you did, the gain is a long term capital gain. You need to use a Schedule D to calculate the gain and include the gain on your Form 1040.