Mobile homes are great for families that need a place to live on a budget. But when you’re ready to move on, there are things you should consider before selling. The mobile home sales market can be tough to navigate, especially for those selling for the first time. Check out some of our tips below to help you sell your mobile home for the first time. Good luck with your sale!
Know the Market Value Before You List.
Sun Tsu said to know your enemy, but in this case, you need to know your market. If you plan to list your mobile home for sale, make sure you understand how much similar homes sold for in the area. This will give you an idea of what you can expect to receive for your home.
To find comps (industry term for similar homes that have been sold) go to a website like Zillow or Trulia and see if there have been any other mobile homes that have sold in your area recently. If there have been, that’s great. You now have a starting point to determine your sales price.
Be Prepared to Negotiate.
You should also prepare yourself to negotiate with potential buyers. You may not enjoy it, but you’re likely going to have to negotiate when it comes to selling your mobile home. There’s really no way around it. The best advice we have is to be patient. Don’t rush to a price, and feel free to pass on an offer if isn’t what you’re thinking. There are many buyers out there that will rush in with a low offer, hoping that the seller gives in without waiting for any other offers. Don’t be that seller!
Want some good news? It’s not uncommon for sellers to ask for more money than they originally expected to receive when selling their mobile home. The market is competitive, and it is common for buyers to get into a bidding war to purchase the mobile home they’re looking at. That’s great for you! That means that your mobile home may in fact sell for more than the asking price. Wouldn’t that be great?! : )
Don’t Overprice Your Home.
If you’re asking too much for your mobile home, you’ll likely lose out on some serious cash. Sellers who price their homes at less than what they paid for them often end up losing money. This simply means that you need to know your homes value. You need to know what it’s worth, and price it accordingly.
This is your home we’re talking about, and there’s no doubt that you love it. Unfortunately, that sometimes means that you can inflate its value. Make sure you’re using your resources to determine the best price on your home so that you can get it sold in a timely manner.