Guide to Selling Mobile Homes in Texas
Mobile homes are appealing and thus quite popular due to their affordability as compared to the standard brick-and-mortar home.
Owning a mobile home in Texas means you don’t have to own land; instead, you can lease land in a mobile home community for a particular period of time.
However, people choose to sell their mobile homes at some point because of different reasons. There are several ways you can do this, but first, the question you should be asking is, how do I sell my mobile home?
What You Should Know Before Selling Your Mobile Home
The process of selling a mobile home in Texas without land is totally different from selling a traditional home.
If the land upon which the mobile home sits is yours, the mobile home is then considered as a real estate property and can, therefore, be sold the same way a traditional home is sold.
Most of the mobile home owners do not own the land upon which their mobile homes sit. In this case, the mobile home is considered a personal property or a chattel.
In this case, it is quite common to find mobile home owners selling their mobile homes on what is known as a lot lease.
It is critical to understand the role of the park owner when one is selling a mobile home without land. Park owners have a lot of influence over who you sell the mobile home to; involve them.
How Should You Price Your Mobile Home?
Selling a mobile home can be a draining process that can take weeks if not well planned and executed.
Before you start looking for a buyer, you need to determine the right asking price for your mobile home.
Mobile real estate owners usually sell their mobile homes at a high price because the land upon which the mobile homes sit appreciates over time.
However, if you don’t own the land and are selling the home, you need to keep in mind that your mobile home has depreciated over the period you have lived in it.
Like automobiles, mobile homes depreciate in value. You will, therefore, sell it at a price determined by the home’s condition.
You also need to decide on how you’ll be paid. If you choose to sell for cash, you must put some safeguards in place then go ahead to market it online.
Protect Yourself When Selling For Cash
Selling for cash has its advantages. The problem is that you’ll probably sell below the market price. There are also fraudsters to be wary of.
Therefore, when selling a mobile home in Texas for cash, you must do your homework. Before you engage in cash sale of your mobile home, research the buyer and try to find out as much as possible about him/her. Don’t sign any papers before you have proof of payment.
Get the Papers Right
Once you find a willing buyer for your mobile home, you need to get the necessary documents in order to ensure you follow all legal formalities. They include: – copies of seller’s Mobile Home Act
Written statement, a structural survey of the mobile home, community park rules, park charges and mobile home warranty if you have any.