This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
New Jersey Mobile Home Purchase Agreement
Category:
State:
Multi-State
Control #:
US-02474BG
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
How to fill out Mobile Home Purchase Agreement?
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FAQ
In the State of New Jersey, a mobile home must be titled within 10 days of purchase or a penalty fee will apply. The titling process for a mobile home is similar to titling a vehicle; however, mobile homes are exempt from registration and inspection.
Make sure your financing and cash are all set. Set an offer price. Decide how much earnest money to offer. Choose the contingencies to include. Write a purchase offer. Walk away, negotiate or move toward closing.
Steps to Write an Offer Make sure the price is right. ... Show proof of pre-qualification. ... Offer more earnest money. ... Waive certain contingencies. ... Include an escalation clause. ... Limit your asks for extras. ... Be agreeable to the seller's needs. ... Be polite.
Mobile homes: If you purchased a used mobile home, you do not have to pay sales tax. This exemption does not apply to used travel trailers, campers or recreational vehicles.
You won't be able to offer more than you can afford, so it's important to determine your budget upfront. Some financial experts use a rule of thumb that says your home should cost no more than two or three times your annual household income.
Be sure to include at least the following information: Mobile home description, including VIN, serial number, make, model, and year. Buyer and seller names, addresses and contact information. Sale date. Sale price, including any taxes. Sale conditions and terms, including warranties or ?as is? status.
Your letter should explain why you're interested in buying the house and include details regarding your mortgage financing and expected closing date. Often, the key to writing the best offer letter is finding a way to connect with the seller on a personal level.
If the title to your mobile home has been lost or destroyed, but has been registered in your name previously, we can obtain the title in a few simple steps. You can call us or use our Online Title Management portal to enter in basic information to get your duplicate title process started.
