If you are reading this, you are contemplating selling your mobile home cooperative unit. If you indeed find the time is right to sell, there is certain information you will need to provide to your closing agent to complete the transfer.
First, verify that you have the following documents:
- The original Share Certificate or Membership Certificate.
- The original Mobile Home Title. If your mobile home is a single-wide, you will have one title. If it is a double-wide, you will have two titles.
- Verify that you have current government identification for all sellers.
Second, Florida Law requires that any sale of real property be in writing. This is called a Sales Agreement. “Hand shake deals” are not valid in Florida. We recommend that you hire a realtor to assure a smooth, trouble-free closing. The realtor will prepare the Sales Agreement for you and provide it to the closing agent.
If you choose not to hire a realtor, either you can hire your closing agent to prepare the Sales Agreement, or you can prepare it yourself. At a minimum, it should include:
- the buyer’s name
- the seller’s name
- the property being sold
- the purchase price
- the deposit amount (this cannot be $0)
- a breakdown of what closing costs buyer will pay
- a breakdown of what closing costs seller will pay
- signature of the buyer
- signature of the seller
However, if you do decide to prepare your own Sales Agreement, remember Sales Agreements are legally binding documents, so correct preparation is key.