The conveyance of a manufactured dwelling separately from the property it occupies constitutes a distinct real estate transaction. This process typically involves transferring ownership of the structure while the buyer assumes responsibility for its relocation to a different site or its continued placement within a leased space, such as a mobile home park. An example of this is when an individual owns a dwelling situated in a community where they rent the plot of land on which it rests and then decides to sell the structure, but not the land lease.
The significance of this type of transaction resides in its potential to provide affordable housing options and flexibility for both sellers and buyers. Historically, it has offered a pathway to homeownership for individuals with limited financial resources, as the cost is typically lower than purchasing a dwelling with attached property. Furthermore, it allows sellers to liquidate an asset without the complexities associated with selling real estate, and offers buyers the opportunity to choose their location by moving the structure to a place they prefer.
