Ethics of Park Owners Requiring First Right of Refusal?
We buy a lot of manufactured homes and have more demand for them then we can hope to fill this year. That is a good problem to have!!!
Unfortunately I have run into several occasions where the parks are claiming they have a first right of refusal to buy these homes. I have seen this come up in Michigan and Illinois specifically. Would this not be an attempt by the community owner to restrict competition in the sale of ones manufactured home? This would lower the resale value by limiting the market to only those wanting to buy the home and, keep it in the community/park. This has come up, on several occasions, after we have had homes under contract. I appreciate your thoughts in advance. This feels like dirty pool to me.