Buying a repo mobile home can be less expensive than purchasing a new mobile home or traditional home. When purchasing a repo, it's important to consider where to place it. You can either purchase land or rent a lot in a mobile home park. Other considerations include zoning and sewage disposal permits if purchasing land, overall condition of the mobile home, repair costs, and back taxes and overdue lot rent costs that you will be responsible for.
Instructions
Buy Repo Mobile Homes
1. Purchase land for the mobile home. Research local zoning laws to determine the best area to purchase land. Visit websites dealing with county planning, urban planning or real estate development for zoning laws and regulations. If the mobile home is currently at a mobile home park, you will have to pay lot rent if you want to keep it there.
2. Obtain permits for sewage disposal after purchasing land. Contact your local health department to set up a lot and soil inspection appointment. Mark off where you plan to place the mobile home using four safety flags.
3. Go to local auctions to find repo mobile homes. You can find auction listings in your local newspaper or online. Included in the Notice of Sale will be the amount needed for a down payment or total cost requested at time of purchase.
4. Inspect the mobile home before purchasing it. Hire a mobile home inspector or inspect it yourself. Most repo mobile homes are sold "as is." When inspecting a repossessed mobile home, inspect the following:
-storm drains
-gas mains
-electric and power lines
-sewer mains
-structural integrity
-interior
5. Ask about liens, back taxes, overdue lot rent and other back payments associated with the mobile home. You will be responsible for paying these costs upfront.
Tags: mobile home, back taxes, back taxes overdue, home park, mobile home park
