Have you considered selling your mobile home in the Floresville area? In our latest post, we will take a look at what listing your mobile home will mean for you and your current situation!
When its time to sell your mobile home, you should have a clear understanding of what that will entail. Listing your mobile home is different in some aspects vs a single family site built home. Below, we will take a look at some of the pros and cons of listing your mobile home versus selling directly to an investor.
Listing Your Mobile Home
An Agents Help – you will receive assistance with marketing and showing the property. They will get your property on the MLS, which requires the use of an agent. Keep in mind, there is a difference in marketing a mobile vs a single-family property. The loan process is different so if you want to get the most money it will probably be a buyer who has to finance the mobile home.
Broader Audience – By getting your mobile home listed on the MLS, it will quickly be seen by a broad audience, including other agents who are looking for properties for their clients. Mobiles are typically lower priced than single family homes so the market will probably be more competitive.
Wasted Time – As with listing any property, there are no guarantees when it comes to listing your Floresville mobile home. You may be waiting for months before you find a buyer and the sale goes through. Also, there is no guarantee you will get your listing price. You may have to lower your asking price, so be sure to take that into consideration.
The Costs – When you list your mobile home, it is inevitable that there will be some repairs needed. These costs might add up and most but not all will need to be paid upfront. You will also need to consider agent commissions and title company fees. One of the main costs will be the foundation. For a government backed loan such as FHA, the foundation has to meet their guidelines. If it does not it will have to be retrofitted. The retrofit must be done before closing. Sometimes the company who does the retro fit will allow their bill to be paid at closing.
Showings – When your property is on the MLS, prospective buyers are going to want to see it. This means you will need to keep it clean and showing ready for those last minute people who want to drop by and see it.
Sales Falling Through – When your buyer is obtaining financing to buy the mobile home, it will be subject to appraisal. If it does not appraise high enough, the sale can fall through or that price can be negotiated.
Selling Your Mobile Home To A Direct Buyer instead of listing it with a Realtor
Zero Wasted Time – When you sell your mobile home directly to an investor, you won’t have to worry about any wasted time. They say they will close within only a matter of days if you need us to. That doesn’t always happen as the direct buyer (investor) will want to do their due diligence in the same manner as the conventional buyer. So it is possible they will come back to you after running their costs and want to lower their offer price.
Zero Cost – You won’t have to worry about making repairs, paying expensive commissions, or spending money to market the property. In addition, you can say goodbye to lot rent, utilities, insurance, and all the other ownership costs you face each month.
No Property Showings – There is no need to open the property up for showings. In fact, you won’t even be asked to clean up. We want to make the process easy for you. We will handle everything.
Know Your Closing Date – They say they will also close on the day that is best for you. It does not always happen.
Lower Final Sale Price – Many people are leery of selling to an investor because they are worried about a low price. However, once you think about all you save, the price difference might be worth the time savings. Remember, an investor will take on all repairs while saving you a ton of time and energy.
Before you decide how you are going to sell your mobile home in Floresville, run the numbers to determine which way of selling will be right for you. We are experienced with both types of sales so can explain your options. At the end of the day, we want you to make a smart and well-informed decision about what you want to do. Explore your options and let us know how we can help! We are happy to make you a no-obligation evaluation for your Floresville area mobile home at any time!