Simple Mobile Home Purchase Agreement Form 2025

Simple Mobile Home Purchase Agreement Form: What You Should Know

Buyer agrees to make periodic and timely payments of all amounts due on this Agreement. (see form) Payment of this fee is not part of the price of the manufactured Home. 1. The fee is payable at the time of closing when Buyer gives Seller the completed and executed mobile Home Purchase Agreement Form and Mobile Home Bill of Sale Form and when Seller transfers title to the Mobile Home. 2. Seller may collect the same amount of money for the same goods and services if the same service is provided to a Buyer. 3. Buyer may also agree on an agreed upon rate of interest. 4. Each party may set or change the agreed upon amount of the monthly payment. 5. Both parties agree that a separate payment for the first year of ownership will be due on the 1st day of each month and on the 15th and last day of each month after that until (x) year five of ownership of the manufactured Home have passed and the date of transfer if the sale is still to be an open market transaction. (x) Year five means any number within fifteen of the one-year period following January 1, 2025, which the transferor is aware of until the transfer of ownership of the manufactured Home occurs if and when the sale is still to be an open market transaction. (y) If the transfer is subject to tax under California Sales and Use Tax Regulations, Buyer will be billed by the State of California. (z) If the transfer is subject to federal income tax under federal regulations, Buyer will be billed by the federal government. 6. If the manufactured Home is placed on the Market before the seller's closing date and the price becomes the highest of the sales price or the appraised value: (a) the buyer and seller each agree that the higher-priced manufactured Home is a second sale of the same manufactured Home within the current 12-month period. (b) If the lower-priced manufactured Home is placed on the Market, the higher-priced manufactured Home is sold without any further bidding or negotiation. The buyer may not use the lower-priced manufactured Home again within the current 12-month period unless the buyer does so within a reasonable period of time after acquiring the lower-priced manufactured Home and before the expiration of the 12-month period.

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