Manufactured Home Addendum to Contract to Buy

Importance of the Manufactured Home Addendum to Contract to Buy and Sell Real Estate Form

From the onset, navigating the home buying process can be a complex endeavor. In cases involving manufactured homes, it can seem even more so. Given these challenges, potential homebuyers should become acquainted with specific contracts portrayed in property transactions. One pivotal document is the addendum manufactured home form, which customizes the standard home buying contract to cater to specificities related to manufactured housing.

Understanding Addendum Manufactured Home

The Addendum Manufactured Home form is a necessary document drafted to supplement the real estate contract. It includes specific provisions applicable to the transaction involving manufactured or mobile homes. This form includes details such as the home's year of manufacture, make, model, vehicle identification number, and property information. It ensures all parties involved have a clear understanding of the conditions and stipulations pertaining to the transaction at hand.

Value of Homesteps Manufactured Home Addendum

In the world of manufactured home selling, one term you may come across is Homesteps Manufactured Home Addendum. This addendum is specifically designed for homes sold through Freddie Mac’s HomeSteps program. Like the standard addendum, it covers essential details like warranty disclaimers, property taxes, property conditions, and acknowledgment of home regulations, all crucial leverage to secure the buyer's rights.

How to Fill Out Manufactured Home Advisory Addendum

Here's a step-by-step guide to filling out the manufactured home addendum to contract PDF template:

1. Start by entering the date at the top of the form where indicated.
2. Identify the type of underlying contract (land or commercial) and fill in the contract date in the space provided. Include the names of the seller and buyer as specified in the original contract.
3. Fill in the complete address of the property, including the street address, city, state, and zip code.
4. In section 2.4 titled "Home," provide a detailed description of the manufactured home. This includes the manufacturer's name, model, serial number, size, age, certificate number, manufacturer tag number, and the vehicle identification number (VIN).
5. In section 2.5.1 titled "Inclusions – Attached," check the appropriate boxes to indicate which items are included in the sale, such as solar panels, water softeners, security systems, or satellite systems. If additional items are attached after the date of the contract, note these in the designated area.
6. For section 2.5.2 titled "Inclusions – Not Attached," ensure that all items on the property not attached to the home, such as skirting, wheels, and access equipment, are listed.
7. Ensure section 2.5.3, "Inclusion Conveyance," specifies how the inclusions will be conveyed by the seller to the buyer, ensuring it mentions that the conveyance is free and clear of all taxes, liens, and encumbrances, with specifics filled in as applicable.
8. In the "Dates and Deadlines" section, accurately fill in the relevant dates or deadlines associated with UCC and title searches, and any other pertinent contractual events.
9. Under "UCC Search and Title to Home," ensure all stipulations regarding title delivery, liens, and resolutions are clearly stated as per the agreement between the buyer and seller.
10. Complete the "Inspection" and "Source of Potable Water" sections by indicating whether the buyer acknowledges receipt of required disclosures or the source of potable water for the property.
11. In section 10.10 about "Lead-Based Paint," indicate whether the home was constructed before 1978 and ensure that the Lead-Based Paint Disclosure form is completed and attached if applicable.
12. Specify any known methamphetamine contamination in the property and confirm whether it has been remediated to state standards.
13. In the "Transfer of Title to Home" section, specify the responsibilities of the seller in delivering title to the buyer and any actions the buyer needs to take post-closing.
14. Indicate who is responsible for utility transfer fees and how taxes will be handled in the year of closing.
15. If a home warranty is being considered, note whether the buyer or seller intends to purchase one and if so, which program.
16. Ensure the maintenance section reflects the agreement on how the seller will maintain the property up to closing.
17. Finally, ensure all parties involved sign and date the form where designated at the bottom of each page to validate the addendum.

Convenience of the Manufactured home addendum to contract PDF

With the advent of digitalisation, accessing the Manufactured Home Addendum to Contract has become straightforward and hassle-free. The form is available for download as a PDF on the PDFliner website, further simplifying the process of purchasing a manufactured home. It provides users with the convenience of filling out the required details directly on the computer or printing it for manual completion.