Selling Your Community

Selling to residents is as easy and profitable as selling to investors

When the time comes to sell your manufactured (mobile) home community, you likely have many options. CoNorth is one of them.

Manufactured (mobile) Homes
Whether this is your first time considering a sale to the residents in your community or you’re a repeat seller, you’re certain to find one thing is true: A sale to the homeowners is as timely and efficient as any other commercial transaction.

That’s because CoNorth and our national network partner, ROC USA®, are equipped with a dedicated, specialized financing source, whose sole line of business is lending to resident-owned communities.

Selling to the homeowners can also help create a legacy. Land ownership can be the first step toward a future of asset building and financial security that has been out of reach for so many low- and moderate-income families.

CoNorth stands by the homeowners after the purchase. For at least the length of the mortgage, CoNorth provides ongoing coaching and expertise on running a successful business. Community owners need only provide the opportunity for a resident purchase. CoNorth and the residents will do the rest.

It's our baby.
Raasch Ranch was my first mobile home park purchase. My wife and kids joked that 'It's our baby,' so I was glad to have the option to sell the park to the residents - they're good people and I wanted them to have this opportunity. I knew the end results would be better for them.
Daryl Snader
Seller testimonial
See our impact
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Dave Berglund
Director of Real Estate Development
dave@conorth.coop
(612) 767-2106

Get a tax credit for selling your community!

In 2023, the Minnesota Legislature approved a 5% tax credit for community owners who sell to a cooperative. (M.S. 290.0694).
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