Understanding Florida Mobile Home Sale Laws & Taxes

Understanding Florida Mobile Home Sale Laws & Taxes

Sell My Mobile Home

Selling your Florida mobile home can be a rewarding experience, but the process differs from traditional home sales. Many laws and regulations govern the sale of mobile homes, and they vary depending on whether the home is located on leased land or owned land. Additionally, there are different tax implications for sellers depending on the type and value of the home. In this article, we will explain some of the key aspects of Florida mobile home sale laws and taxes, so you can avoid common pitfalls and headaches.

Title and Registration in Florida

One of the first things you need to know when selling a mobile home in Florida is how to transfer the title and registration of the home. A mobile home title is a legal document that proves your ownership of the home, and a registration is a sticker that shows that you have paid the annual fees and taxes for the home. Both are issued by the Florida Department of Highway Safety and Motor Vehicles (DHSMV).

If your mobile home is located on leased land, such as in a mobile home park, then you need to have a title and registration for the home. You also need to have a decal that shows that you have paid the annual registration renewal fee. To transfer the title and registration to the buyer, you need to fill out the appropriate forms, pay the transfer fees, and provide the buyer with a bill of sale and a copy of the current registration. You also need to notify the mobile home park manager of the sale and obtain their approval.

If your mobile home is located on land that you own, then you have two options: you can either treat the home as personal property or as real property. If you treat the home as personal property, then you need to have a title and registration for the home and follow the same steps as above to transfer them to the buyer. However, if you treat the home as real property, you need to have the home permanently affixed to the land, and obtain a certificate of title from the DHSMV. This certificate of title replaces the mobile home title and registration and makes the home part of the real estate. To transfer the home to the buyer, you need to follow the same procedures as for any other real estate transaction, such as using a deed, a title company, and a closing agent.

Mobile Home Taxes in Florida

Another important factor to consider when selling a mobile home in Florida is how to handle the taxes. Different types of taxes may apply to your mobile home sale, depending on the type and value of the home, and whether it is located on leased land or owned land.

If your mobile home is located on leased land, then you need to pay sales tax on the home’s sale price. The sales tax rate in Florida is 6%, plus any local surtaxes that may apply. You also need to pay an annual registration renewal fee, which is based on the length and width of the home. The buyer is typically responsible for paying the sales tax and the registration renewal fee at the time of the sale., but review your purchase agreement for confirmation.

If your mobile home is located on land that you own, then you may be exempt from sales tax, depending on the value of the home. If the home is valued at less than $5,000, then you do not need to pay sales tax on the sale. However, if the home is valued at more than $5,000, then you need to pay sales tax on the excess amount. For example, if you sell your mobile home for $10,000, then you need to pay sales tax on $5,000, which is $300. You also need to pay property tax on the home and the land, which is based on the assessed value and the millage rate of your county. The property tax is due annually, and the buyer is responsible for paying the prorated amount for the year of the sale and inherits the ongoing property tax obligation.

Sell Mobile Home for Cash

Selling a mobile home in Florida doesn’t have to be a nightmare. You can avoid the legal maze and the tax headaches by educating yourself, preparing your home wisely, and choosing the right buyer. If you want to sell your mobile home fast and easy, consider direct cash buyers like Lincoln Madison Investments. As experienced local investors, we specialize in buying mobile homes on land across Lakeland, Winter Haven, Davenport, Poinciana, Hanes City, and Polk County. We offer a simple and stress-free solution that saves you time and money. We handle all the paperwork, pay all the closing costs, and buy your mobile home as-is, no matter the condition, or situation. We pay cash and close in weeks, not months. Call us at 863-521-0549 or contact us online and get a fair cash offer for your mobile home. Let us take care of the details and help you move on with your life.

Disclaimer: This information serves as general guidance and should not be interpreted as legal advice. Always consult with a qualified professional for specific recommendations tailored to your unique situation.

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