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With that said there are two ways to move forward in my opinion. You can simply ask the park manager how much they will pay for your property, in which case this will be the lowest possible number they can give you while thinking you will say yes. Remember that the park does not pay lot rent and they know that if you do not sell it you will give it back to them for “free”.
I have had my mobile for sale for 5 years on my own and through a realtor and now through the park it resides in. That is by far the longest I have heard of anyone trying to sell their mobile home. Me and my wife are renting-to-own from the owner of our mobile home.park. What I’m wondering is after we pay it off and iwn it, what’s the best way to go about selling? Advertise myself or approach the owner of the park? He does buy back mobile ho.es in the park…..thanks.
How To Sell Mobile Home With A Mortgage?
Your home sounds beautiful and likely worth the price you are asking based on your brief description. The fact that the park manager was greedy and steered the buyer away to one of their own places does not surprise me. This doesn’t happen often however if the park manager sees a buyer with money and/or good credit they will often times bring up other homes for sale in the park they are trying to sell. It can be as harmless as, “Have you seen the homes we have for sale too? ” In reality they know they are hurting your chances of selling. If the park does have homes that are comparable and less expensive it is a good idea for you to have yours for sale 10% cheaper than theirs.
Additionally, if you can send over some pictures you would like me to include in the listing I will certainly add those as well. Thank you for taking the time to comment and conveying your thoughts so clearly. There are absolutely situations in which someone’s past will not dictate their future. In fact, nobody’s past dictates their future.
Financial Considerations For Manufactured Homes On Leased Lots
In order to make your home attractive to an all-cash buyer you will need to have your home prettier than the competition’s, and for sale 10% to 20% below the competitions prices. Be aware of what people are selling their homes for around you and when you feel your home is priced competitively then make sure your advertising and marketing is top-notch. What I mean by that is to make sure every possible cash-buyer looking to purchase a mobile home in your area will see your ad. Make sure to advertise online, off-line, with the park manager, hanging yard signs around town advertising your home for sale, etc. The more people walking through your home the better.
In this example you would reduce the purchase price by $480. This sounds like a win-win to me for a fast sale. If this does not work and continue marketing the home online and off-line until you find a qualified buyer.
Take Charge Of Your Mortgage
With that said most movers that move mobile homes will have extra tongues, welding equipment, axles, tires, etc. for situations like this. In short the movers will weld on or bolt on a temporary tongue if the home ever has to be moved. You are definitely correct about the new Zillow changes. You may not have the contact details for these homes but you will have the addresses to mail to of possible.
Concerning your second question about the parks, they will not pay much in most cases. With that said they may pay more if they believe the mobile home is being removed and brought to another location. The reason for this is because the park does not want to have an empty unit there which it knows it will need to pay to buy a mobile home and move it to this location.
Closing on a Mobile Home: The Basic Process
We were thinking of selling around 30,000 after we make some repairs and paint etc. We have not decided on an exact price with him yet but he mentioned 25k. We may accept that as it will be much easier I think to sell to him and get it done quickly I hope. I would encourage you to keep advertising and showing the home until a buyer gives you cash in hand. With regards to you prescreening your potential buyer, if you are selling the mobile home for cash than this will typically not be needed.
We where not old enough to buy in the park so we put it in my fathers and my name. He has paid space rent , insurance and taxes on it while my wife and I paid for trailer and remodel. My fathers aunt paid us to apply to the trailer/fixes. When the y go to sell the home they feel that I should get only my money out of it and they get the rest. I suggested they get the money his aunt put in I get the money we put in and we split the profits. I said we could try to find a buyer and have it moved.
It was higher end home in terms of price and construction. The A/c unit is a newer one from the original as it was replaced about 5 years ago. Ive seen comparable homes going for 26k or so used but knowing it will have to be moved needing a cash buyer, and needing minor repair we know it cant be sold for that. Im hoping to get around 18k to give the wife and child a small padding for the inevitable situation on the horizon.
VA loans for manufactured homes require that the homes be attached to a permanent foundation on land owned by the borrower or a manufactured home and land together. After you find out how much you owe on your mortgage, you need to get the current value of your mobile home. There are many tools and appraisal services online to get an estimate of your home’s worth. Many factors affect the value of your mobile home, including if you own the land underneath it.
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