Selling your mobile home to a direct buyer has many benefits over a traditional listing. Learn more about the best ways to sell your COLUMBIA mobile home in our latest post!
As a mobile homeowner, it is important to compare your options when it’s time to sell. Does it make money to hire an agent? Do you have the time to sell it on your own? Ask yourself these important questions before deciding how to sell. In many cases, a direct sale of your COLUMBIA mobile home can be the most cost-effective solution.
Determining Value
About 50% of mobile homeowners own the land their mobile home is sitting on, while the other 50% do not. If the manufactured home comes with the land, it is considered real property if it is being sold without the land, it is considered [personal property. This will obviously make a difference when you are determining the value of the sale. If the mobile home is on leased land, the park manager will have some say in who is allowed to buy. Also, keep in mind, your mobile home depreciates over time, while the land under it will likely increase in value.
To determine the value of your COLUMBIA area mobile home, there are a few things to take into consideration. How old is the property? What is the current condition? What is the demand like in your neighborhood? Many owners will choose to have a professional appraisal done as mobile home prices can vary widely across the board. To avoid the cost of an appraisal, you can also check out the mobile home value reports from J.D. Power. They have reports at different price points, so you can pay for only the information you need.
Benefits of Avoiding The MLS
Selling your mobile home on the MLS with a COLUMBIA real estate agent can severely cut into your profits. As such, many people opt to sell their properties on their own or to a professional mobile home buyer. Listing with an agent can mean months before your mobile home sells, which doesn’t work for many people. In addition, when you avoid selling your manufactured home with a real estate agent and choose instead to sell to a local investor, you won’t have to worry about repairs, commissions, fees, or marketing costs.
Many agents shy away from these sorts of properties anyhow as the commissions are low compared to single-family real estate. Some mobile home owners will enlist the help of their park manager when selling. Before doing this, make sure they are well-versed in the process.
Selling your mobile home on the Multiple Listing Service (MLS) with a real estate agent in COLUMBIA can significantly diminish your potential profits. Consequently, numerous individuals prefer to either sell their properties independently or to a professional mobile home buyer. Opting to list with an agent can entail waiting for months before your mobile home is sold, which isn’t feasible for many sellers. Furthermore, by avoiding the traditional route of selling through a real estate agent and instead opting to sell directly to a local investor, you can bypass concerns regarding repairs, commissions, fees, or marketing expenses.
It’s worth noting that many agents tend to steer clear of these types of properties due to comparatively lower commissions compared to single-family real estate transactions. Some mobile homeowners may choose to involve their park manager in the selling process. However, before proceeding with this approach, it’s essential to ensure that the park manager is well-versed in the intricacies of mobile home sales.
Selling To An Investor
By skipping the MLS and the traditional process of selling, you will be able to save time and money, not to mention the stress. Here are a few benefits to selling your house directly to Intrepid Property Solutions. Keep in mind, not all buyers are the same.
- No Listing – You will not need to hire an agent to put your property on the MLS, or worry about commissions, agent fees, and administrative costs.
- Marketing – There is no need to photograph, market, or pay for advertising. You won’t have to worry about marketing your mobile home or showing it to potential buyers.
- Cleaning – When you list any property, it needs to be kept clean for potential buyers to make the best impression. With a direct sale, you won’t have to worry about the continuous cleaning that a listing requires.
- Time – There is no guarantee when listing any kind of real estate. Your property could sell in days or the process could take months. With a direct sale of your mobile home to Intrepid Property Solutions, you will receive your money right away. You’ll know the exact amount you’re getting and on what day, so you can plan accordingly.
Selling On Your Own
Selling your mobile home on your own can take some legwork, but it will help you avoid the costs of hiring an agent. First, you’ll need to make repairs and get the place cleaned up. When you choose to create a for sale by owner listing, or FSBO, you will be responsible for the entire process, which can turn into a lot of work, especially if you aren’t familiar with the process. You will need to pay for marketing costs such as online ads, print listings, printed items such as flyers, and signage to place out front. You will also need to take calls, answer questions, and show the property as needed. Once you find a buyer, you’ll have to create and process the contracts as well as the escrow process. If you are committed to selling, doing it on your own can save thousands.
However, there are some drawbacks as compared to selling to an investor. Just like when hiring an agent, you will not have any guarantee on if or when the mobile home will sell. It could take days, weeks, or even months. If you have the time and money to wait, this might be ok with you, however, if you are looking for a way to sell your manufactured home fast, working with an investor like Intrepid Property Solutions will likely be the better way for you to sell.
elling your mobile home on your own can indeed involve some effort, but it can also help you avoid the expenses associated with hiring a real estate agent. Initially, you’ll need to focus on making repairs and ensuring the property is cleaned up to enhance its appeal. Managing a for sale by owner (FSBO) listing means taking charge of the entire process, which can become quite labor-intensive, especially if you’re not familiar with it. This includes bearing the costs of marketing, such as online advertisements, print listings, flyers, and signage for placement outside the property. Additionally, you’ll be responsible for handling inquiries, answering questions, and conducting property showings as necessary. Upon finding a potential buyer, you’ll also need to handle the creation and processing of contracts, as well as managing the escrow process. Despite these responsibilities, selling on your own can potentially save you thousands of dollars.
However, there are drawbacks compared to selling to an investor. Similar to hiring an agent, there’s no guarantee on the timing or certainty of selling your mobile home. It could take days, weeks, or even months to find a buyer. If you have the resources and flexibility to wait, this might be acceptable to you. However, if you’re seeking a swift sale for your manufactured home, collaborating with an investor like Intrepid Property Solutions is likely the preferable option. Working with an investor can streamline the process and offer a faster turnaround time, providing a more convenient solution, especially if you’re looking to sell promptly.