WHAT TO DO TO SELL YOUR MOBILE HOME
Do you currently live in a Mobile home that you’d like to sell? Have you been asking your friends, “How do I sell my mobile home?” Then You’ve come to the right place! You may be quick to learn that selling a manufactured home isn’t like selling a traditional home, so you’ll need to remember to adjust your approach accordingly.
Keep reading to gain more insight and find out what steps you need to sell your mobile home for cash.
FIRST STEPS + DETERMINING YOUR HOME’S VALUE
It is important to understand and assess the current used mobile home selling market by seeing what options are available and what has recently sold. Researching and understand your local area and the value of mobile homes is critical.
Doing your research will help you to find the right price and find a buyer quickly so that you can make a profit.
After you have done your research you will better have an idea of the value of the land (if you own it) and value of your mobile home. Keep in mind, typically, land value will increase over time while mobile home value will decrease.
You can also pay to have it professionally appraised. However, that can cost hundreds of dollars and when you are trying to sell your mobile home for cash, every dollar counts.
ADVERTISING YOUR MOBILE HOME
Once you have decided on a selling price, you should begin advertising your mobile home online and in your local community to help find buyers. Use sites like Craiglist, Backpage, Trulia, Zillow and forsalebyowner to advertise your mobile home for sale.
These are all free sites that will help attract buyers to your mobile home. If selling your mobile home for cash is what you want then make sure to advertise in the “For Sale” sections of websites.
Advertising in the “For Rent” section is always another option when trying to find someone to make payments on your mobile home.
Newspapers are another great way to advertise and find buyers within your local community. Reach out to your local community newspaper and see if there is a section that you can list your mobile home’s advertisement in.
Again, if you are selling your mobile home for cash be sure to advertise in the “For sale” sections, while payments should be advertised under “For Rent” sections.
Most Importantly, always make sure that you have a physical, “For Sale By Owner” sign in your front window. You should also invest in a few yard signs. One that you can put in your yard, and others that you can spread around the neighborhood, and even your local community.
You can find these “For Sale By Owner” yard signs on amazon and in any local home-improvement store.
All you really need is a simple plastic, disposable one! Be sure to include a valid number that is visible and clear to read. It is best to use a thick, 1-inch (chisel tip) permanent sharpie and always stick to black, rather than colors, since it is easier to read and will stand out more.
DO NOT BE BULLIED! KNOW WHAT YOUR HOME IS WORTH
You should soon see the interest come rolling in! It is important that reference the research you did starting out and the value you determined your home to have. Do not allow potential buyers to bully you into a lower price, when you already have a fair price!
On the other hand- it’s also important to make sure that you aren’t overcharging, so be sure to reference local listing and the value of similar properties.
CLOSING ON YOUR PROPERTY
Once you find a buyer, no matter if you are selling your mobile home to someone for cash or for payments , you need to verify that your buyer has the funds, either through a bank statement, some sort of letter of employment, or other form of proof. This is also important to ensure that your time is not wasted.
After you’ve verified that your buyer has the funds they say they do, you will be able to prepare the closing documents, get them sent out and signed and enjoy your new life now that you’ve sold your mobile home!