Your Guide to Buying a Manufactured Home

Thinking about buying a manufactured home on the Gold Coast or in South East Queensland? Holt Ronan Lawyers, a boutique legal firm specialising in real estate, provides essential insights to make your home-buying process straightforward.

Here’s a quick guide to help you navigate the journey but we recommend you call our office to discuss because it can be complex process.

1. What You Need to Know About Manufactured Homes

Manufactured homes have the character of a dwelling but are designed to be movable and are not permanently attached to the land. You typically do not own the land but rather enter into a site agreement where the home is situated (often in a Village or retirement village).

Key points include:

• Definition and Benefits: Understanding what makes these homes unique and their advantages.
• Legal Aspects: Differences between owning the land versus leasing it, and what to look for in purchase agreements.

2. Legal Considerations

Ensure a smooth transaction with these legal tips:

• Review Contracts Carefully: There are usually sale of home contracts, and site agreements (with extensive disclosure). We can review all of this for you and provide advice.
• Conduct Due Diligence: Confirm the home’s compliance with safety and quality standards, and ensure the site agreement

3. How Holt Ronan Lawyers Can Assist

Holt Ronan Lawyers offer:

• Expert Legal Advice: Tailored guidance on manufactured homes and site agreements
• Contract Assistance: Professional review and negotiation of contracts and experience in many different variations of this area of law.
• Care throughout the transaction: In what can often be a stressful time, we are able to take the stress out of the equation so you can focus on enjoying the move

4. Tips for a Successful Purchase

• Research: Investigate the community and market trends. Ensure the area you are buying is a good fit for you.
• Secure Funding: Ensure you have the finance available to purchase. Most banks will not lend against manufactured homes.
• Consult Experts: Work with legal professionals such as Holt Ronan Lawyers to ensure you are covered.

Conclusion

Buying a manufactured home on the Gold Coast or in South East Queensland can be a complex process. We assist many clients with their purchase and entry into a site agreement to ensure it is a smooth, successful transaction.

Disclaimer: This advice is general in nature and is not intended to be legal advice. If you would like legal advice, please call our office on (07) 5619 0440 and we would be pleased to assist you.