Selling the Home
Homeowner Responsibilities
- The homeowner must inform the Board of his or her intent to sell the home in accordance with the Bylaws and the Community Rules.
- In most ROCs, the home is preferred to be marketed to low- to moderate-income homebuyers for the initial period of 30-60 days, depending on the Bylaws. All other considerations being equal, income-qualifying buyers are preferred during this period.
- If the homeowner vacates the home during the sale process, he or she is still fully responsible for all upkeep and lot rent.
- All ROC requirements regarding “For Sale” signage must be adhered to. Check the Community Rules for clarification.
- The homeowner is responsible for continued maintenance of the lot and preparation for the change in ownership. The lot must be left neat and clean.
- The homeowner is the initial liaison between buyers/real estate agents and the Membership Committee.
- The homeowner/seller should request that a Membership Application Package be given to any prospective buyers and/or real estate agencies that list the home.
- The homeowner/seller is required to inform all prospective buyers of the requirement of Membership acceptance, the process, the timeframe involved, and any special conditions that may apply.
- Fuel storage tanks must be upgraded to meet state and federal installation standards BEFORE ownership changes. The financial responsibility for this must be decided between the seller and buyer.
- Pro-ration of lot rent must occur between the seller and buyer. No credit for any portion of lot rent will be given by the ROC to either party.
- The ROC does not involve itself with negotiations of the sale of the home, except as it may directly affect the ROC!
- Transfer of the Membership Deposit as a part of the sale is not allowed. The buyer must pay their whole Membership Deposit directly to the ROC.
- The sale transaction is not complete until the buyer’s Membership Deposit is verified to be paid in full to the ROC, and a new Lease Agreement is fully executed. The property owner should not unreasonably withhold a requested signature on a Statement of Intent to Declare a Manufactured Home an Improvement to Real Property. If there are fees owed to the ROC by the seller, the Statement of Intent may be furnished “in escrow” to the closing or settlement agent until those fees are taken care of.
- Only then may the new homeowner take full possession of the dwelling and move in.
- Under no circumstance may the new owner move any property into the home or onto the lot until the sale is complete. This includes resolving any issues between the ROC and the previous homeowner.