Can Park Homes be resold?

Yes, Park Homes can be sold on the open market.

The park owner is entitled to a commission share of the sale, which currently stands at 10%. This figure is due to be reviewed and possibly amended in the near future. This transfer fee is not comparable with commission payments made to Estate Agents. Rather, it reflects the fact that the pitch and the amenities of the park add to the resale value of the home. It also reflects the fact that the value of the home is likely to have increased (because the land has increased in value) and the resident is paying the park owner for as share in that increased value. Transfer fees supplement the income the park owner received from pitch fees and without them, pitch fees would have to be higher.

Considerable investment is necessary to develop and maintain a licensed park home estate. A reasonable return on this investment is essential to ensure that the park continues as a viable concern in the interests of both the home owner and the park owner.

The homeowner may enlist the help of local estate agents or other marketing channels. However, Estate Agents' fees are payable on top of the transfer fee due to the park owner.

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