How to Sell a Mobile Home Park in Massachusetts

Published on June 25th, 2023

If you've ever wondered how to sell a mobile home park, you're in the right place. In this article, we'll cover all the ins and outs of selling a mobile home park so anyone can do it.

We'll talk about what makes a mobile home park worth buying and selling, who owns them and why they might be looking to sell.

We'll also explain how to find buyers for your property and help ensure that this transaction goes smoothly from start to finish.

What is a Mobile Home Park In Massachusetts?

A mobile home park is a piece of land where mobile homes are parked. Mobile homes can be moved from one place to another, which makes them ideal for those who want to live in a particular area for a period of time and then move on.

Mobile home parks can be owned by individuals or corporations and rented out to people who own their own mobile homes, known as a park owner.

The owner of the mobile home park is responsible for paying all expenses associated with owning and maintaining the property. These expenses include taxes, utilities, maintenance costs (such as landscaping), insurance and any other costs related to keeping up with local laws.

The landowner owns both the land under your mobile home, excluding any personal property that surrounds your manufactured home. Typically the owners of the mobile home go through a different process than a traditional home sale since they do not own the property that the mobile home sits on in most parks.

Who are the Potential Buyers In Massachusetts?

So, who would become a potential buyer for a mobile home park?

• An association of mobile homeowners looking to form a home association.
• A business person looking to use the property as an investment. This option would typically bring cash buyers.
  

Hiring a Real Estate Agent to Market Your Mobile Home Park In Massachusetts

Working with a skilled realtor experienced in mobile home marketing and manufactured homes and who knows what a mobile home park owner's role will be invaluable.

Your agent will most likely host an open house to attract a new owner for the park during the selling process. They will schedule showings of the park as a whole in the same way you would for another piece of land.

Once an offer has been made by a cash buyer, an owner financing buyer, or an investor, the sales process is much like any other real estate transaction. There will be inspections, including a home inspection if a home is being sold with the land, a title search, and closing with the transfer of ownership documentation.

For more information about selling your mobile home or another type of property, be sure to follow along with our blog!