Are sellers allowed to charge a deposit before the sale of a manufactured home is finalized?

Sellers are permitted to charge a deposit before finalizing the sale of a manufactured home, provided that it is disclosed and documented in writing. This requirement ensures transparency in the transaction and protects both the seller and the buyer. By putting the deposit terms in writing, the seller formalizes the agreement and clearly outlines the conditions under which the deposit is accepted, including whether it is refundable or non-refundable. This practice adheres to legal standards and helps to prevent disputes arising from misunderstandings about the terms of the deposit.

The necessity for written documentation also serves to verify the agreement, providing both parties with a reference point should any issues arise later on. This is particularly important in the real estate industry, where financial transactions and customer relationships are heavily regulated to maintain trust and fairness in the market. Proper documentation aligns with best practices in sales and consumer protection, ultimately contributing to a smoother transaction process.