Free Iowa Mobile Home Bill of Sale Template and Printable Form
State Code: IA
- Documents Required for Selling Your Mobile Home
- Types of Mobile Homes in the USA
- State Specific Mobile Home Bill of Sale Form and Template for Download
- Signing a Mobile Home Title
- Pros and Cons of Purchasing a Mobile Home
If you live in the state of Iowa, you will be required to draft a bill of sale before selling your mobile home. Once the original owner’s title is signed, you should prepare other documents that are legally required to execute the sale, this includes the Iowa mobile home bill of sale, IRS tax statements, certificate of occupancy from local building authority and fire safety inspection certificate. Other documents may be requested depending on the type of your mobile home and its location.
What is a mobile home bill of sale?
A bill of sale is a legally binding agreement or contract that is used to aid the transfer of an asset or a valuable property from one party to another. The asset in question can be a car, permanent premises, land, a house, etc. In the same sense; we can define a mobile home bill of sale as a document that is used as a legal tool of proof for buying a mobile home. The document is signed after a purchase of a home goes through and in the presence of a notary witness, after which the notary representative is expected to present an acknowledgment. Before the sale, the buyer can pay a deposit for the home, which then inspection is followed. The sale will then move forward if all parties reached a fair and acceptable result.
This article will shed more light on pertinent areas of concern including and not limited to; the documents a seller would need to ensure complete transfer of property, the paperwork involved, the sale and purchase requirements on both parties, and where one can go to transfer a mobile home bill of sale.
What is a mobile home in the USA?
In the United States, there are seven types of mobile homes which can be depicted by pictures for easier visualization:
A manufactured home is a pre-built home that doesn’t require construction on site. It only needs to be delivered to the site, laid and anchored on the ground.
A modular home consists of box units (pre-built rooms) which are delivered on site and attached to each other.
A site assembled panel home is built from prefabricated panels which are assembled on site.
A floating home is a mobile home which is buoyed by a large body of water (on the lake, ocean or sea) and anchored on the spot.
A motorhome is a self-propelled mobile home also called a motorized home. This includes truck campers, campervans and coach motorvans. Motorvans come in different classes – class A, B and C.
A truck camper is a detachable living unit which is mounted on the chassis of a pick-up truck and fixed with bolts. It doesn’t use the towing mechanism which is used for trailers.
A towable camper is a trailer home with no engine of its own. It is attached to and towed by a pick-up truck.
A mobile home can be situated on land or water. The laws governing the sale are relative to the state you live in and whether the area it is located in is yours or not. This implies that the laws governing the sale and purchase of a mobile home in the United States are totally dependent on the laws of the respective state you reside in. And since different states have different pieces of legislation concerning this subject, you may get leaner requirements in other states and stricter measures in others.
|Our Mobile Home Bill of Sale Printable Form and Template for Iowa clearly defines the types of mobile homes found in the United States, allowing the seller to select the type of home that they are selling.
Scroll down to download the PDF template.
Features of a manufactured mobile home
The living units are manufactured in the factory then transported by trailers to their destinations. In most cases, the houses are rent out to the public. So, the owner will own it even though under someone else’s care.
Advantages of purchasing a mobile home
It is easy to become a homeowner. Other than the lower prices, mobile homes have a more straightforward purchasing process. There’s less than a complicated way purchasing a mobile home is convenient for the business. Secondly, the whole process is flexible. Also, the fact that you can move to a parking area, or totally off the grid makes one of the most exciting homes/rides.
It is challenging to move mobile homes from a point to the next once they have been set up. Even so, they can still be moved in comparison to the build homes. In addition, mobile homes are manufactured in controlled conditions. This means it is less likely that the weather spoils or prevents work on an ongoing house.
High depreciation rates, just like a car, and because they are not constructed to standard materials like cement and concrete, its value is likely to go down than up further. A mobile home is not real property, and it is personal property. Real property is that which is attached to the land and the land itself. Any asset on land which can be withdrawn without causing injuries is referred to as real property.
If you use a mortgage to purchase a mobile home, then it becomes costly and swift. The reason for this is the depreciating worth of the property. Therefore financing the debt becomes a difficult task.
With your home being housed at a park, you still have a landlord even though you own the home. You will need to abide by the park laws; also, you will need to pay rent for the park shelter.
After setting them up in mobile home parks, it becomes difficult to resell. The reason being, you have tampered with its mobility. Therefore, finding a buyer willing to have your unit where it is would be challenging.
Furthermore, mobile homes face a risk of destruction was the natural calamities befall the town.
What documents do you need to sell your mobile home
Depending on the state of origin, you will need to apply or have a mobile home title. The local county motor vehicle department in Iowa usually issues this title. Typical of a car or an RV sale, you and the buyer will have to append signatures on the title to confirm the transfer. After that, the buyer registers the title to the motor vehicle registry in the state Department of Motor Vehicles
- Tax statements
Before the inspection, you are supposed to have documents that will help to prove that you have paid taxes on the property. These documents of proof are the tax certificate statements that are issued by the IRS. So before the sale, you need to have the latest documents proving that you are a responsible taxpayer, especially on your mobile home.
- A bill of sale
A bill of sale, as explained earlier, is used as proof of purchase of a property, in this case, a mobile home. The bill is signed by both the buyer and the seller in a company of a notary witness. The reason is to have the document notarized, and once it has been, you will then stand as the owner since the bill is a legal binder.
- Certificate of occupancy
This certificate is to show compliance that all the building specifications are in accordance with the regulations and the building codes. The certificate is issued by the building department or the state construction agency. So depending on the state of residence, you will need a certificate of occupancy to ensure the suitability of the residence.
- Fire safety inspection certificate
Before you list your home up for sale, collect fire inspection certificates from the state fire department. These certificates are issued after a series of inspections on your mobile home to check the level of fire safety precautions installed in your property. And again, the rules governing the fire inspections are directly under the state’s jurisdiction.
- Home inspection
A home inspection is usually not mandatory as such; however, it is a necessary tool for financial convenience. While fixing the price for the mobile home, the buyer likes to know what they are dealing with, and whether you use a third party agency or a realtor, inspection is necessary for moving forward.
- Mobile home parking rules
Usually, some laws govern the mobile parks; if your property sits on the parks, then you will need to adhere to the parking regulations.
How to sign over a mobile home title
Signing over the title of a mobile home in the state of Iowa simply means that you have sold the asset. Laws governing mobile homes are made and enforced by the states. In the United States, different rules have been adopted in different states. However, the process of selling a mobile home is similar or almost harmonious.
The following are steps involved in signing a mobile title off to a buyer.
- Negotiation of terms
The signatory parties are required to come to an agreement in terms of price. Depending on the type of home being disposed of, the unit can either be single double or triple. The price is also influenced by the land the house sits. Therefore, if the latter is the case, it is recommended you use the residential purchase agreement, which is better.
There are online websites dedicated to helping you avoid the visits and inspections, after entering the manufacturer’s name of the home, state of residence and the serial number, you will be able to receive the price estimates of the house.
- Home inspection
This exercise is conducted by an approved home inspector to draw up reports on the safety, plumbing, electricity, leaks drainage systems, siding, heating, and many more structural features of a home.
Now, this is where you sign off the home to the buyer. The process kicks up and ends with you being a signatory to the bill of sale for the home. A witness must be present for this process. After the signing, the buyer clears for payment in full. Remember, a buyer can pay in two installments; the first one acts as a deposit paid before inspection; the rest of the money is cleared after the bill of sale is ratified.
- Register the manufactured home
After acquiring the house, you, as the owner, need to register it with the state department of motor vehicles in Iowa. If the home comes with the land it is sitting on, then you will use different laws in registration, but is it comes as a sole property, then it is treated as a transferable asset that will be dealt with by the department of vehicles.
Selling your mobile home without a title
A title is a legal document, which is proof that you own the home. Without it, it presents a series of complications, especially if you are trying to dispose of it. There may be a way through this sense, upon purchase, the owner is required by the laws of the state to register it with the state, you can use the information recorded proof of ownership. Either way, you must prove that the home is yours before you give it away.
If say there isn’t a way to prove that the property in question is yours, then you cannot legally transfer the asset. Therefore, to get a way around this, you will transfer ownership but only for the buyer to become a sole owner and not legally binding.
Writing a bill of sale for selling a mobile home
In view of the earlier discussion, a bill of sale is a legal binding contract, which then means that you will require an attorney to draft the bill on your behalf. In other terms, you cannot write your document of a bill of sale. However, the realtors and house agents can prepare these documents for you as well, and you can get the bill from online free websites.
Free Iowa Mobile Home Bill of Sale Printable Form and Template
Our form is designed complete with legal affirmations, warranties and clauses that protect both the buyer and seller in the event of a dispute or request for evidence. The first section of the form allows you to define the property that you are selling by simply ticking the applicable box, and then entering the licensing and manufacturer’s information.
|Download our Iowa Mobile Home Bill of Sale Template below:
How much it costs to transfer a mobile home title?
Mobile homes are under the state’s jurisdiction and hence abide by their provisions. Different states enforce different rules. Most of the states have no legislation controlling this aspect; however, some have fixed fees that are payable for acquiring the title. The states of Philadelphia and South Carolina are among the stated that change these fees whereby Philadelphia charges a $50 fee while south Carolina where they charge a 15$ in fees.
Where to go to transfer your mobile home title
As earlier indicated, transferring your title for the ownership of a mobile home in Iowa is similar to selling it off. Selling rules are inclusive of the regulations provided by the state of residence on mobile homes. Therefore, you will go to the realtor or an agent for the sale process, after which you will then move for notarization and later registration. Registration is the last process of handing over the title, and it takes place in the department of vehicles in your state of origin.
This, however, is standard practice; you need to relook at specific state specifications and follow them for each state has its unique system.
The bottom line
In view of the above discussion, it is well illustrated that a bill of sale is a document that seeks to affirm your legal claim to purchase or sale of a property. Therefore, a mobile home bill of sale is a document of proof that you have bought or sold a mobile home. After purchase, you are given the ownership deed or title after registration of the house to the department of vehicles in the respective state of residence. Before selling a mobile home, you are required to be in possession of a tax certificate, title to the house, inspection certificates, and more. Some costs might come with the exchange of the title deed. These costs are, however, dependent on the state of residence. Also, since mobile homes are movable, they are categorized as vehicles, and so, their registration requirements are handled by the Iowa vehicle department of the state.