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Selling your mobile home quickly can be very stressful. Whether you need money, need to relocate, or want to get the process over with follow these steps to ensure a fast sale of your home.
1. Fixing and Cleaning
If you really want to sell your home as fast as possible, the more move-in-ready the home is, the better. Even if all you can do is declutter the home, a little goes a long way. Ideally the best practice is to fix broken items in the home if you're an expert or hire someone to do it for you.
Some items that will help to focus on
If you can't fix everything in time, don't fret, there are many buyers of mobile homes who buy as is regardless of condition.
2. Ask People you Know
Surprisingly, someone you know may be the best option for selling your mobile home quickly. Make sure you tell your friends and family members as they may be in the market for a mobile home or may know someone else who is. At the end of the day, word of mouth is free marketing and may bring someone you can trust to take over the home.
Furthermore, people you know may recommend a realtor or an investor they trust that can help you sell your home. The person buying your home may be literally around the corner
3. Price your Home
The #1 factor that affects the speed of selling a mobile home is price. Obviously, you will want to make as much money as possible on a home, but this is not always possible. Some of the hurdles involved in selling a mobile home such as park approval and loan approval mean that a reduction in price makes a huge difference in selling time. Investors who pay cash for homes often target homes that have a price reduction. Therefore the key to a quick sale is often as simple as lowering the price.
4. Consult a Professional
If you are unable to sell the home quickly yourself, it may be worth it to consult a professional and explain your situation. Realtors have great connections but can have trouble selling the home quickly unless you let them know the urgency of your situation. In this case, they will tell you to lower the price but be aware that they will also charge commission which will reduce the money in your pocket even more. However, realtors can be a great option with their connections in selling your mobile home as fast as possible.
Another option is to use a manufactured home retailer who specializes in quick home sales. We offer cash for mobile homes in any condition with no commission. If you are in New Jersey, you can reach out to us here.
Where Can I Sell My Mobile Home?
If you are not using the help of a dealer or manufactured home specialist you can list your home by yourself. Make sure to weigh the possible pros and cons of each approach before choosing one or a combination of methods.
Online Listing Sites
Choosing an online listing platform can help your post reach more exposure, by showing your home to thousands of potential buyers you can really have a great chance of spreading the word about your home to others in the area. Websites such as Craigslist or Facebook offer the chance to advertise at very low prices or sometimes even for free.
Zillow is one of the largest websites for the buying and selling of homes in the United States. You can either choose to hire an agent through their website or choose to sell your home yourself. The second option gives you a large amount of flexibility at the expense of handling the hassles of selling your home by yourself. Zillow gets millions of viewers who are looking specifically to buy homes, so it can be a no brainer to use this resource.
MHVillage is the largest website that deals with the buying and selling of manufactured homes, in fact, we even use it! They charge a slightly higher price for listing your home than other options but their specialty is mobile homes.
It never hurts to put out a for sale sign by your house. Signs are incredibly noticeable and get the message out with little to no work. Be careful as some parks limit the size and amount of signs you place, but putting out signs can be a great way to advertise your home to people driving by your home.
Deciding the Right Path Forward
After reading the potential options for selling your mobile home you have to come to a decision about how to move forward. If you absolutely have to sell your home as soon as possible, then it really is necessary to lower the price regardless of how you decide to sell it. You can decide to sell your home by yourself or consult a professional. If you want additional tips about selling a home you can visit one of our earlier posts. Selling a home by yourself can save you commission or give you more power in negotiation but comes at the expense of the hassle related to meeting prospective buyers, changing title, and going through all the additional paperwork related to selling a home.
Following the steps of fixing and decluttering your home, spreading the word, lowering the price, and/ or consulting a professional ensures your success for selling your mobile home fast. If you have any questions you can always consult a professional to help you with the process and guide you through it.
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Determine your options
When deciding to sell your mobile home, you have a couple of different options. In New Jersey, you can list a home yourself, hire an agent, or sell it quickly to a licensed Mobile Home Specialist.
1. Listing Yourself
If you'd like to sell your mobile home yourself first be sure to take plenty of pictures of the home. Make sure your home is well lit and free of clutter. Remember, present your home as well as possible to maximize the chances of a sale! Get a for sale by owner sign and put it in your front window or yard and include your phone number, be sure to check you are not breaking any park rules with your signs. You can list your home online for free on sites such as craigslist, or pay a fee to list on MHVillage, the worlds largest mobile home site. Once you find a buyer and agree on a price, you will need to go to the MVC (Motor Vehicle Commision) and transfer the title. For a bill of sale you can hire a lawyer to write one, or can find a basic one online. We recommend that any contract you have sign be notarized, this protects both you and the buyer.
2. Hiring a Realtor
If you'd like to hire a realtor for your mobile home make sure to do your research. In New Jersey, as well as many parts of the country, many realtors have never sold a mobile home. Don't be afraid to ask for their experience, many aspects about mobile homes are completely different and unique from traditional housing such as title transfer, lending requirements, and community approval.
Once you find a realtor you can trust, prepare for the listing and fees. On average, we see realtors charge about an 8% commission for selling a mobile home, and this does not include closing costs! Because realtors are used to selling traditional homes (which can be hundreds of thousands of dollars or more), the closings costs can be thousands of dollars for lawyers, title transfer, escrow services etc, these fees may not mean a lot for a 500,000 shorefront property, but are substantial in comparison to a mobile home. Be sure to research and ask your realtor about all closing costs before signing a contract.
Despite the fees, choosing a realtor can be a really good option if you do not want to have to deal with selling a home yourself, just be sure to find a realtor who has experience in selling mobile homes!
3. Selling your mobile home fast
If you'd like to sell your mobile home fast and without closing costs, you can contact a licensed Mobile Home Specialist. Sunpoint Homes is licensed and registered in the state of New Jersey. We specialize in Mobile Homes and are familiar with all the unique requirements of selling your home. We buy homes as-is no matter the condition and charge no fees or closing costs. You get cash quick and hassle free. If you'd like a free no-strings-attached offer you can give us a call at (732) 907-8492 or fill out a form with your home information online.
A final note
In conclusion, there are multiple ways to sell your mobile home, and it all depends on what you are looking for. We have seen many mobile home owners sell homes by themselves or through realtors with success in New Jersey. Just be sure to do your research and exercise caution, it is your home after all! Let us know if this article was helpful, and feel free to write a comment or contact us anytime if you'd like more information.