How Much Can I Sell My Mobile Home For? And Other FAQs
Life is full of new chapters and surprises along the way, that’s for certain. There’s never a dull moment and there may be a time when you need to uproot from your mobile home. This may be due to work, or simply the need for a change of scenery.
What can I possibly do with my mobile home?
If you do need to pack up and go, how do the details of uprooting flesh out? How do you figure out the cost of a used mobile home? What you really want to know is how to figure out the resale value of your mobile home. Are there things you need to do before getting your mobile home on the market? Should you work with a real estate agent?
These questions and more are probably clouding your mind.
Today we’re going to grapple with the question of “how much can I sell my mobile for?” and other frequently asked questions.
How much can I sell my mobile home for?
You’re here because you’re asking the question, “how much can I sell my mobile home for?”
Figuring out the cost of your mobile home doesn’t have to be a tedious process. You can get a ballpark estimate by taking a gander at other mobile homes that are similar to yours in size, year, and wear. Any improvements you’ve made on your mobile home can also be taken into account.
And here’s another factor that plays a significant role in pricing: location. You’ve heard the real estate mantra before. “Location, location, location.” A large pristine mobile home in a dingy part of town can sell for less than a small mobile home in another part of town.
If you’re wanting a more professional estimate, we offer price comparison reports that provide data on thousands of mobile homes throughout the country and locally. We’ll match your home with the homes on the market that are similar in age, size and condition, giving you the asking prices so you can get a good estimated value, based on current market conditions. Your report will be “live”, meaning, you’ll never have to purchase another report again. We provide you with a link so you can check the market anytime you wish.
If you’re currently in the sales process and looking for a quick sale, we would be happy to make you an offer.
Additionally, if you’d rather not sell to us, that’s OK. Invite a real estate appraiser to come see your place and provide an estimate on resale value. They’ll weigh in all the factors and price your home to sell.
We hope we’ve shed some light on your question, “how much can I sell my mobile home for?”
Other frequently asked questions
Now that we’ve discussed your most pressing question, let’s talk about some other things you’ll have to deal with. Selling a home can feel a bit intimidating, but we’d like to think the following paragraphs will give you clarity on how to approach this.
What are some things I should do before getting my mobile home on the market?
Before you put that mobile home up for sale, it’s a good idea to pause and step into the shoes of a potential buyer. With a notebook handy, hop in the car, drive a little ways from your home and start driving towards it.
Don’t forget, you’re imagining that you’re a buyer who’s never laid eyes on this home before.
You’ve identified your home. You’re pulling up to it. What are some things you’re noticing? Is the yard trashed? Does the porch look uninviting? Take notes.
Now you’re entering the mobile home and the first thing you come into is the living room. What sticks out to you? Do you feel potential? Do you feel uneasy? Oh, wait. You’ve noticed the carpet is stained and in desperate need of replacement. Jot that down.
Continue the tour of your home in the same manner, jotting down notes as you go. Check out the backyard too.
Once you’ve finished, review your notes and begin prioritizing the changes you can afford to invest in. You may find that many changes are only a matter of time rather than money (for example, picking up that trashy yard.) Others, like your carpet, may require an investment of a visit from a professional carpet cleaner. Or floor replacement may be in order.
Another thing you can do is talk to your home appraiser for suggestions. You want to increase your home’s appeal to potential buyers, so don’t miss out on some easy opportunities.
What if my mobile home is on a rented lot?
If your mobile home is on a rented lot, make sure the sale agreement states that the rental fees are being passed on to the new homeowner. You’ll want to involve your mobile home park manager in this arrangement.
Should I use a real estate agent or do “for sale by owner”?
Using a real estate agent means you have someone who’s actively working to pursue the sale of your mobile home. And that’s great as many people often go to real estate agents when they’re searching for a home. A real estate agent will also be able to list your home on nationwide real estate searches. Just make sure your real estate agent is experienced in the sale of manufactured housing – there are a few nuances between that and site built homes.
If you choose for sale by owner, you do cut out the expense of having a middleman. But you are left to pursue potential new homeowners on your own.
What if my mobile home is no longer deemed liveable? Is there any way to recover some money?
Should you find that your mobile home is no longer adequate housing, consider selling it for scrap or simply donating it to your local fire department for practice. This could be a tax-deductible donation.
Leave your mobile home with a peaceful mind
To be sure, asking “how much can I sell my mobile home for?” is a good question. We’re glad you stopped by and hope that you found the above answers helpful towards chasing the next chapter in life.
On that note, we have a few things to include in your mobile home sales agreement.