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Purchasing Your Park Home

Buying a park home is a big decision. If you’ve come this far, you’ve probably got your heart set on the purchase of a home on a park, and all the lifestyle benefits that come with it, but before you rush into the process, there are a few things to consider.

1983 Mobile Homes Act

The 1983 Mobile Homes Act is a piece of legislation that allows eligible park owners to sell residential properties on their park.

All reputable park owners will have a statement outlining exactly what is included in the purchase price, which they are obliged to share with you in compliance with the act. It is always a good idea to politely request this statement before you purchase.

The park owner will also provide you with a set of park rules for you to peruse before you finalise the purchase. If you are buying from a private vendor, you will have to actively seek out the owner of the park to obtain this information.

Buying Options

There are three main avenues to go down when buying a park home, we’ve outlined them below.

1.       Purchase a Home Already Situated On The Park

Once contracts have been exchanged, the park owner is likely to ask you to complete an order sheet and pay a non-refundable 10% deposit. This represents your desire to follow through with the purchase, so only carry out this step if you are completely happy with the written statement as mentioned above.

You may then be asked to sign a letter confirming that you are happy with the park rules and with the written statement. If you are able to negotiate a completion date at this point, it is wise to do so. Record this date on the order sheet.

2.       Purchase a Home Designed to Your Own Specifications

If you have a bit more money to spend, you may want to purchase a bespoke park home based on your own designs. If this is the case, be sure to remain in close contact with the owner of the park you want to site your home on, to keep abreast of any changes in regulations or other important details.
The park owner may ask you to pay a non-refundable ‘plot reservation deposit’ to secure the area on which you plan to site the unit. This is standard practice.
The park owner will also want to know who is manufacturing the unit and to what design. It is up to the park owner whether they accept the unit on their park or not. Do not pay the deposit until the park authority signs a guarantee off acceptance.

3.       Purchase a Park Home from a Resident

Purchasing a park home directly from a resident can be a quick and convenient way of acquiring a property, however, it is important to take a surveyor with you when you go to view the unit. Having a qualified surveyor on hand gives you the confidence of knowing that the home you are acquiring is of a good standard and is worth the asking price.

In most cases you will have to provide a deposit, although this may be paid directly to the park owner who will hold it for you and the vendor. It is a good idea to involve the park owner in the transaction, as he or she will oversee the purchase and provide additional assurance for you.

They can also assist with outstanding monies and mediate any communication problems. Whether the owner is involved in the transaction or not, you will still need their consent before you complete the purchase. The park owner will also be able to check that the information the outgoing seller has provided you with is complete and up to date.
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