When buying a mobile home, it’s important for you to keep in mind not only the value of the home that you buy, but also the value of the property upon which it sits. That even holds true for those who purchase mobile homes, as the surrounding property may be part of the deed.
The fact is that mobile homes should be seen as investments like any other homes. And as with many other types of homes, it’s quite likely that you will sell your mobile home eventually. The question for many mobile homeowners is how that process works and how they can get as much money as possible within a short amount of time.
I Want To Sell My Mobile Home. Now What?
Selling a mobile home is technically not that different from selling a traditional home. There will always be some kind of market for mobile homes, but in certain areas, they go in and out of fashion. Furthermore, there are many misconceptions regarding mobile homes, chiefly surrounding their value as potential investments. This can make it difficult for you to find a traditional buyer willing to take out a mortgage on your home.
If your goal is selling a home quickly, you may have some trouble when selling a mobile home, particularly if you try to work with a real estate agent. Keep in mind that real estate agents already take a piece of your profit, as they are owed commission after the sale of your mobile home is done. At the same time, the presence of a real estate agent is by no means a guarantee that your mobile home will sell fast (or even sell at all). In 2018, the average American home spent anywhere from 65 to 93 days on the market, from the initial listing to closing. This doesn’t take into account the aforementioned additional challenges faced by a mobile home placed on the market. This is why many mobile homeowners choose to list their homes themselves, which is known as the for sale by owner option (or FSBO).
How Do I Find A Buyer For My Mobile Home?
Listing a mobile home on your own is a great first step. But before spending too much time advertising your mobile home to traditional home buyers, you may want to think about looking for cash home buyers. If you haven’t considered how to sell your home for cash in the past, this may seem like something of a departure from your original plans. However, there are a lot of benefits to taking this option.
Before delving into the advantages of opting to sell your home for cash, let’s cover how to find a reputable buyer. Typically, reputable cash buyers will not approach you as individuals. Instead, they may work with a company to buy homes with full cash offers in order to renovate them — or in the case of some mobile homes, destroy them and build a new home upon the existing property. Essentially, these are businesspeople attempting to invest, revamp, and resell. You should do your research before committing to a company and try to work with one that has experience with buying mobile homes. This way, you can be certain before approaching any potential buyers that they’re viable options.
Why Should I Sell My Home For Cash?
Before you decide to sell your home for cash, you should be aware of the benefits. Those who sell homes for cash often sell them as-is, which means that mobile homes can be in any state of disrepair and still appeal to viable buyers. For that matter, if a property is sold alongside the mobile home, this is also often sold as-is. That means you won’t have to make any exterior or interior repairs prior to selling.
Cash buyers are furthermore able to make full offers in cash, which speeds up the sales process and allows sellers their full profit immediately. They don’t have to wait for buyers to secure loans and can move on from their old homes quickly. This is ideal for many selling mobile homes.
While you don’t have to sell your home for cash, this is perhaps the easiest option for most mobile homeowners. The sooner you begin researching, the sooner you can sell!