Mobile Homes
Legacy Escrow closes Mobile Home sales and is one of the best resources that many Mobile Home Parks turn to for questions including Realtors who are involved in a mobile home transaction.
Transaction Characteristics:
- Generally involves leased land the mobile home resides upon
- Many Mobile Home Parks have approval and denial authority for a new resident
- Does not involve Title Insurance
- Transfer of the Mobile Home title is completed on Washington State forms similar to automobile
- Can be financed, although financing is harder to come by due to the market conditions
- Many are purchased cash
- Can close in a matter of days, not weeks or months like a traditional home sale
Buyer Fees:
- $124 Title Transfer Fee
- Prorated Lease
- Prorated Taxes through end of year
- Escrow fee of $273 (includes sales tax)
Seller Fees:
- Prorated lease (usually a credit)
- Prorated Taxes
- 1.78% Excise Tax on sales price
- Real Estate Commission (Varies)
- Escrow Fee of $273 (includes sales tax)
Mobile Home Sale transactions are usually routine but can become more complex when dealing with lost titles, Estates, owners who are recently deceased or due to health issues have others acting as power of attorney on their behalf and lastly, bank/lender reposessions: these are situations in which we provide proper forms and assist you in navigating through these scenarios.
Contact closing agent Lynlee Kane for more questions and assistance at 425-337-7200.