Buying or Selling a Home/real estate Mobile Homes

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Expert: - 2/5/2007


Question
When selling a Mobile Home, What percentage is the agents cost and and how does the title search work?

Answer
Dear Kecia;
If the mobile home is secured on a piece of property (meaning it is a permanent structure) then a real estate agent can list the home and charge a commission for the sale.  Commissions are variable.  Because each brokerage can set their own commissions and because anti-trust laws specifically state that we cannot discuss standard commission amounts other than our own, I suggest that you call several agents and ask them to tell you what they would charge and then do your own comparisons.  As for title search, usually an attorney will contact a title company to check the property and see what the history or chain of title was on the land and home.  Once the search is completed there is an evaluation done to show whether title has been transferred without any 'cloud' on the title--meaning that there is no questionable ownership of the property due to previous liens, claims or unpaid taxes, etc. If title has been transferred to the current owner and is a 'clean' title then the title can be insured and warranted that a clear title will be transferred to the new owner.

~Jessica Bryan

Buying or Selling a Home

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Jessica Bryan

Expertise

buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience

Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.

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