Mobile home purchase agreement 2025

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Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from PandaDoc, as well as benefiting from real estate contract management software functionality.
In summary, both real estate agents and attorneys play vital roles in filling out a purchase agreement. Agents handle the initial stages and use standard forms, while attorneys provide legal advice and ensure compliance with state laws. This collaborative approach ensures a smooth and legally sound transaction process.
A mobile home purchase agreement template is used when buying a mobile home. Specifically crafted for mobile home transactions, this template outlines the terms, conditions, and responsibilities for both buyers and sellers.
While the PSA lays out the transactions details leading up to the closing date, the purchase agreement is what you sign to finalize the transaction.
Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

Key Facts About the Offer and Agreement to Purchase Form

Online Fillable Form

Deposit Acknowledgment

As-Is Sale Condition

Contingent on Park Approval

Clear Title Assurance

Forfeiture of Deposit

Legal Binding Agreement

Online Fillable Form

The form can be filled out online before being printed, making it convenient for users.

Deposit Acknowledgment

The Buyer must provide a deposit, which the Seller acknowledges receipt of, ensuring both parties are aware of the financial commitment.

As-Is Sale Condition

The manufactured home is sold 'as is', meaning there are no warranties or guarantees provided by the Seller regarding its condition.

Contingent on Park Approval

The sale is contingent upon the Buyer obtaining approval from the community or park management to move in.

Clear Title Assurance

The Seller agrees to deliver the manufactured home free of all liens, taxes, and other encumbrances.

Forfeiture of Deposit

If the Buyer fails to complete the purchase after acceptance by the Seller, they will forfeit their deposit.

Legal Binding Agreement

'This is a legally binding contract' statement emphasizes that both parties should seek legal advice before signing.

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People also ask

5 types of loans for buying a manufactured home ConventionalGovernment-backed Minimum down payment 3% to 5% 5% Maximum loan amount Based on lender requirements Based on lender requirements Loan type Fixed- and adjustable-rate Fixed- and adjustable-rate Minimum credit score 620 Varies by lender2 more rows
Content of a purchase agreement The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
After the purchase agreement is signed by both parties, the home is officially under contract. The buyer can move forward with scheduling a home inspection and securing a home loan, among other steps.

purchase agreement for mobile home