After living in a mobile home that has been a treasured chest of living, we still grow and outgrow for better living standards. If this happy place of yours is now mobile for sale, then there’s nothing to feel bad about. After all, you haven’t come this far, only to come this far. Wondering how to sell a mobile home? For starters, you should know that they’re called manufactured homes. And while you might think selling this type of home is just like selling a traditional home, it isn’t.
If your current query is I need to sell my Mobile home: here’s everything you need to know.
How to price a mobile home?
Selling any home is a matter to seal the deal for the right price, one that will help you find a buyer as soon as possible—and avoid languishing on the market. With a mobile home, you’ll need to keep two things in mind: the value of the land (in case you own it), and also the value of the manufactured home. Typically, the value of the land will scale up over time, while the value of the mobile home goes down.
FYI: Mobile homes depreciate like cars; however, land appreciates. The Appraisal Guide can be your go-to source for determining the value of a mobile home. You can also pay to have it professionally appraised. It might cost a few hundred dollars, but the appraiser can help figure out the actual value of the mobile home.
How to list a mobile home?
If you’re backing upon a real estate professional, you should find one who has the key expertise in selling manufactured homes, because it’s a different certification than traditional ones. This professional will list your property on a variety of listing platforms to help you get the best outcome.
However, if you decide to D.I.Y mobile home sale, there are going to be a lot of things to keep tabs on. And failing to do so will fetch unpleasant end-result. It is something you don’t look forward to in any way. Henceforth, it’d be wise to talk it all out to your realtor; the professional got the best solution at your disposal.
How to close on a mobile home?
Once you find a qualified buyer, take a sincere look at the entire inspection process, and get the funding done, it will be the best to ensure fast closing.
Please Note: If you’re selling the home and land below similar terms, your closing process will be exactly the way it is for a traditional home’s process; if you’re selling only the home, it will be more like selling an automotive.
In either case, you will be required to transfer the title to the new owner when the money has changed hands. If you are up for owner financing, make sure your name is included in the picture as a lien-holder when the title is transferred, and remove the lien only after the loan is fully paid.
Mobile home sales differ a lot from a traditional home. We hope this blog has provided you enough food for thought to streamline the process. If your question is I want my mobile home gone– then reach out to NG Home Solutions today.