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Updated almost 7 years ago,
FSBO Mobil/land contract question
Hello, first post here. I live in Nevada and I currently own a 1972 pre-HUD double wide Mobil home that is on 0.4 acres. This Mobil home is NOT on a foundation. Both Mobil home and land is owned by me free and clear. The Mobil home is currently occupied by a renter with their lease ending July 31 2018. I made the decision to sell the Mobil home and property. I did some research and found recent sold comps as well as recently listed comps. After researching a bit on this forum I decided that I felt comfortable enough to sell FSBO. So I listed my house on Zillow,Trulia and Craigslist. I've had a lot of interest and just recently someone wanting to make a offer. So here are the steps I believe that I need to take.
1. List and find buyer
2. Buyer makes offer and I accept
3.Being that buyer does not have a real estate agent, I will provide contract that buyer and I both sign with a notary.
4. Title company collects contract and $1000 escrow check from buyer and gives buyer a receipt.
5. Title company completes the rest of the transaction.
My questions are:
1. Being this is a pre-hud /no foundation Mobil home, this will a cash sale. I'm selling the land only and "throwing in" the Mobil home with the land sale. What contract do I Provide? I want to make sure im protected AFTER the transaction is complete. Do you think its a good idea to sell only the land and throw in the Mobil home for free like I'm doing?
2. Your thoughts on the steps above to compete my sale. Is this the correct procedure?
Thank you!