If you own a mobile home and need to sell it quickly, you must approach the sales process with a clear plan. You may be wondering how difficult it is to sell a mobile home quickly. The more you prepare for a sale and learn about the mobile home sales industry, the better your chances of a quick sale.
You can prepare your home for a quick sale by taking a few simple steps. If you do not adequately prepare your mobile home, it may result in delays that prevent you from receiving your cash quickly. Let’s look at some simple pointers to sell mobile home easily below:
Advertise Your Property Both Online and Offline
Taking this first step is crucial. We can’t tell you how many mobile home inspections we’ve done for clients who need to sell their homes fast but have yet to bother to put up a sign in the window or advertise online. Some have been trying to sell their mobile home for months with no success. Even one of these simple and inexpensive advertisements can quickly and easily attract buyers. Here are our top tips for increasing the visibility of your home:
- Add a “For Sale” sign in the window, along with your phone number and email address. Your neighbors may know someone looking to move into the neighborhood, which will notify them that your home is for sale.
- To sell your mobile home, upload photos and a detailed description to the internet. This will make your home more easily accessible to potential buyers and increase its visibility on search engines.
- Upload photos of your home and a description to Facebook Marketplace. Be aware that you may be overwhelmed by the response, so prepare a few qualification questions to sift through the noise. This will help you find serious buyers.
- Inform the park manager of your intention to sell. If possible, provide flyers with a few photos of your home. Many prospective mobile home buyers will contact the park office to inquire about available homes in the community. You want to ensure they know that your mobile home is for sale.
Prepare Your Documents
When trying to sell a mobile home for cash, the process can move quickly, so you should be prepared. If you have a cash-in-hand buyer, the last thing you want is paperwork to hold up the closing. To ensure that you sell your mobile home quickly and without hiccups, be proactive in obtaining the documents required to expedite your sale. Don’t risk losing a customer over something that would have taken you less than five minutes to prepare for!
- Have a physical copy of your title with you. We recommend notarizing the title until you have a buyer in place for security reasons.
- Check that all taxes have been paid to give your potential buyer proof of payment. A tax clearance letter can be obtained from the county treasurer’s office.
- Provide written notice to park management. Park management often requires you to make a few exterior repairs to your home before transferring ownership. As a result, you should confirm this before listing the house for sale.
- Have the Mobile Home Bill of Sale (also known as the “Mobile Home Sale Contract”). This is critical to ensure that you have a record of the sale. When you sell a mobile home quickly on contract, you protect yourself and the buyer from legal action.
How to Price Your Home Correctly
If you really need to sell your mobile home quickly, you must price it correctly! We’ve seen many lovely homes sit on the market for months or even years because they were priced too high for the neighborhood. Before settling on a price, it’s a good idea to do some homework and compare the mobile homes for sale in your area.
The issue is that finding comparables in mobile home parks can be difficult and time-consuming due to the wide range of sizes, ages, and conditions of homes in each community. Given this variation, finding a comparable home to make a price comparison could be challenging. So, just because your home is the same age or square footage as another’s in the neighborhood does not automatically make it worth the same amount.
Here are ways to determine the market value of your mobile home:
- Inquire with the park manager about the prices of comparable homes in your neighborhood.
- Check online classifieds like Facebook Marketplace and Craigslist for similar ads in your area. Choose the three most comparable homes and calculate a sales price by averaging the comps’ valuations or sales prices.
The Big Five Repairs Are Required!
The price range for a mobile home needing repair is one of the most frequently asked questions. Regardless of price, most buyers want to ensure that the “Big Five” repair items are addressed for their safety and security. Before putting your home on the market, address these critical mobile home repair issues to ensure a quick sale.
- Mobile Home Roofing
- Electrical
- Sub-flooring
- A/C
- Plumbing
Get Help From Experts
Trying to sell a mobile home quickly can take time and effort. This is especially important if you only have a limited amount of time to prospect for potential buyers and schedule showings. The professional services listed below can help you save time by having someone else do all the work required to find a buyer and sell your mobile home.
Broker
A broker’s job is to link you and your potential buyer, marketing your home and qualifying the buyer as quickly and efficiently as possible.
Salesperson
Because they specialize in quick mobile home sales, a home dealer is the quickest way to find a home buyer. However, the dealer will usually try to buy your home at a significant discount.
Realtor
A realtor is similar to a mobile home broker in that they will assist you in selling your mobile home quickly. When they assist you in finding a buyer for your mobile home, they will also charge a commission. Realtor commissions range between 2 and 4 percent in a traditional stick-built home.
Wrap Up
As you can see, many ways to sell your mobile home easily exist. Some will try to buy it from you at a discount while others will not. It all depends on what is best for you as the seller and how quickly you need your money back to move forward with your life.