Selling Your Mobile Home – How It Works
Step 1 -Call Todd
Feel free to text, email or call. Todd is usually available for calls, but will respond promptly if he is unable to answer immediately.
Step 2 -Tell us about your home
- Is it located in a park or on private land?
- Is there a bank or other lien and how much is owed?
- Who is on the title of ownership?
- The year and model of home?
- Does it need moving?
Step 3 -We will make you a great offer
Todd will find a win-win solution and make you an offer, taking into account your unique circumstances, such as time frame when you want to move out. He will also take care of the paperwork so you don’t have that burden on you.
Step 4 -Get paid cash!
Simple: Hand us the keys and get paid.
FREQUENTLY ASKED QUESTIONS:
Q: What locations do you buy property in?
A: We look at properties anywhere within driving distance of Austin, TX. San Antonio, Bastrop, Junction, Seguin, San Marcos, Kyle, Buda, Georgetown, Cedar Park, Killeen, Lakeway, Canyon Lake, etc, etc.
Q: What types of property do you buy?
A: We focus on mobile homes, but will also consider all types of real estate, in all price ranges including: single-family homes, condominiums, townhouses, luxury homes, duplexes, apartment buildings, commercial properties, mobile homes that are on their own land, or in community parks, vacant lots and acreage.
Q: Tell me more about who you are and what you do.
A: We are Todd and Mark, two military veterans and experienced investors who buy & sell all sorts of real estate throughout the wider Austin area. We are not a Realtor’s office, however Mark is a licensed Realtor who can help you out if you need to buy or sell through the MLS. Each clients situation is different and must be dealt with uniquely. After speaking with you and seeing your property, we will make you our best offer and let you make the decision. If simply listing it with a Realtor is the best way forward for you, then we will be straightforward and tell you, since we can offer that service too
Q: I have a home I need to sell. Why don’t I just list it with a Realtor?
A: That is certainly an option for you and we can provide that service too. If you have a nice house in a nice neighborhood that needs no work and lots of time on your hands, then that may be your first bet. Do remember that a Realtor (1) will NOT make your mortgage payments for you, (2) will NOT make any repairs to your property or clean it, (3) will NOT guarantee to sell your property at all (let alone within a reasonable time period), (4) will charge you a 6-7% commission, and (5) will expect you to pay hundreds, if not thousands of dollars in closing costs.
Q: What are the advantages of working with us instead of selling through the mobile home community park?
A: Different parks have different rules, but we know from experience all Sun Community parks for example, require all skirting to be hardi-plank, storm doors, certain light fixtures, bushes trimmed below window level, and other requirements in order for it to transfer to a new buyer. So if you have a home needing updates that can be costly for you. When you do sell they will ask for an 8% commission and $300 service fee. You also wont get your money for 10 days after you close. Most people cannot afford the expense and waiting period associated with doing business with a park like this.
Q: I am several payments behind on my mortgage, and just want out. What can you do to help me?
A: This really depends on the amount of the mortgage, the value of the property, and how many payments you are behind. We have several programs including payment takeover and assumption. Each program is different and depends on your unique situation, but is still possible, so don’t let this stop you from calling.
Q: My house needs lots of repairs. Will you still buy it?
A: We don’t mind making repairs, even major ones like a leaky roof, electrical problems, plumbing leaks, bad air-conditioners, fire damage, sinkhole, toxic mold, and termites. Of course we will need to see the property before we can make a decision.
Q: I need to sell immediately. How soon can you buy it?
A: Again this depends on the situation. Normally we can close as soon as we have seen inside your property and had the title checked. Can be as quick as a couple of days.
Q: I don’t have any equity in my house. Can you still buy it?
A: Yes. We do this all the time. This may require us to do some negotiations with your lender to work out a deal or take over your monthly payments.
Q: What steps should I take to prepare my home for sale?
A: If you work with us then no work is needed. We buy properties regardless of condition. This saves you time and you have no out of pocket expense.
If you go the traditional route then you must be sure that your home presents itself in the best possible light. Making sure clutter is at a minimum, freshly painting rooms, installing new carpeting, or ensuring odors are non-existent are just a handful of things that should be done before listing your home for sale.
Q: What should I disclose to potential buyers?
A: When selling a home, it’s important you disclose to potential buyers anything you are aware of in your home. Nobody likes “getting the raw end of a deal” when it comes to buying a home, car, or anything for that matter. If you’re aware of defects with a roof, appliance, or home in general, you’re always going to be better off being honest and upfront. If you’re aware of defects, whenever possible, fixing them before going on the market is best. This can avoid potential issues and/or lawsuits once your home is under contract, after inspections, and even years after you have sold your home.
Q: Why is the assessed value different than what you say my home is worth?
A: Assessed value is not the same as market value or appraised value. There are many homes that could be sold for significantly more than an assessed value and others that maybe sold for significantly less. The assessed value of a home is used for the purpose of taxes in your local municipality. The assessed value of a home is multiplied by the local tax rate to determine what your yearly taxes are. The assessed value has no impact on how much your home is worth to a potential buyer in the marketplace.
The bottom line is the assessed value has no impact on how much your home is worth. There are home owners who don’t pay attention to their assessed value, just to find out their municipality has been slowly raising it, year after year, even though the market value hasn’t been increasing.
Q: How do you determine how much my home is worth?
A: There are a handful of methods that Realtors use to determine the value of a home. The most common method to determining the value of a home is by completing a comparative market analysis. A comparative market analysis is an in-depth evaluation of recently sold “comparable” homes in the past 6-12 months. A comparative market analysis, also known as a “CMA,” isn’t a crystal ball that determines what a home will sell for, however, if performed by a top Realtor, it should greatly narrow the sale price range.
A professionally completed “CMA” will take into account many features of not only a home, but also the local area and neighborhood. Considerations that a professionally completed “CMA” include, but is not limited too:
- Square footage
- Number of bedrooms
- Number of bathrooms
- Upgrades to kitchen
- Window quality
- Roof age
- Lot features
- Location; primary or neighborhood street?
- Style of residence
- Flooring type
Q: Can I determine how much my home is worth from an internet website?
A: The answer to this frequently asked question is NO! Anyone who has bought a home, sold a home, or just looked at homes, has heard of websites such as Zillow and Trulia. These are also commonly referred to as third party real estate websites. Third party real estate websites are not local to every real estate market.
These third party real estate websites provide estimates of home values for practically any home in the United States. How is it possible that a third party website that is headquartered in California or Florida can provide an accurate home value for a home located in Rochester, NY? It’s not! These third party websites, such as Zillow and Trulia, use computer generated home values based on calculations and formulas.
Q: Is the highest offer the best offer?
A: Not always. There are lots of games that novice cash buyers play and you should be aware of them.
- Low or no earnest money
- Long due diligence or option period
- And or assigned language on the contract
- Out of state buyer that you’ve never met
Q: What are some common bank required repairs?
A: If a home buyer is obtaining financing from bank, the bank will complete an appraisal. When performing an appraisal, the appraiser is looking for potential safety hazards or concerns. The buyer will determine in their purchase offer a dollar amount in which a seller is responsible to cover for bank required repairs. Some common bank required repairs include missing handrails, broken windows, peeling paint, missing electrical covers, lawn care, major repairs, no utilities, trash hoarding, and roofs that are in very poor condition. They won’t lend.
Q: What costs should I consider if I want to sell for myself?
A: There are expenses that the buyer will have that the seller will not and vice versa. Typical closing expenses for home seller’s include the abstract and title search, instrument survey, real estate commissions, and transfer taxes which also are known as revenue stamps. It will also cost you a large sum of time and things like inspections and surveys may be required, pushing out closing dates as well as incurring cost.
Q: Should I include appliances or leave them as negotiable?
A: In many cases, the appliances in one home will not fit or look right in another. The decision whether to include appliances or make them negotiable is ultimately up to the seller. One thing to remember when deciding whether to include your appliances, they do not add much value to a home since appliances are considered personal property.