If you have decided it’s time to sell your old manufactured home, you likely have your own reasons. Perhaps you’re buying a new, energy efficient model. Maybe you’ve decided to invest in a traditional house. Then again, maybe you’re moving across the country, or across the globe, and don’t want to move your manufactured home. There are lots of reasons for selling. But it can feel a bit overwhelming, trying to understand all that is involved in the selling process. You may not find the right agent. Your home may have an outdated look to it or have depreciated in value. These factors can make you feel your decision may not have been the right one.
The truth is, a little expert advice goes a long way toward helping you remember that manufactured homes are diamonds in the rough, to many. When selling your home, you’ll encounter fewer problems if you keep the following tips in mind.
Prep your manufactured home and then have it inspected. Your space should be well maintained and clean. You don’t want any late-stage problems sprouting up, so make sure that your home is in good repair. Your chances of getting the most money for your manufactured home can be ruined by a single element going badly.
There are set standards with which your home should comply, and buyers may be uninterested if your manufactured home is not within those standards. It’s well worth the effort to spend a little time and money on things like paint, flooring, entries, curb appeal, etc. Walk through your mobile home and make a room by room, step-by-step list of what needs attention, and then prioritize. It certainly won’t hurt the value of your home to make sure it’s aesthetically pleasing, that’s for sure.
Know the Market
Compared to the rest of the real estate world, the mobile home market is slightly different. Provided your home is attractive, you may well receive an all-cash offer from a responsible buyer. Granted, that’s not always going to happen, but it’s a distinct possibility. Your home’s target market will also be determined by whether it is toward the low end or the high end.
One important step is having your home appraised. Based on quality, model, manufacturer, age, home specifications, and more, a professional can help you settle on the right asking/selling price.
A crucial aspect when it comes to selling your home is that of having all the necessary documentation gathered in one place. The following are relevant documents that should be sorted and kept together:
- Proof of taxes
- Certificate of occupancy
- Promissory note
- Bill of sales
- Sellers information sheet
- Agreement after closing
Until the deal is finalized, keep all of these documents safe.
Get the Word Out
Advertising will draw attention to your home and help you make the sale. Self-made or easily accessible resources include the following:
- Website ads
- Newspaper ads
- Social media posts
- Yard signs
- Well-designed flyers
Another competitive strategy is listing on Craigslist.
Is It Time For a New Manufactured Home?
Perhaps you have decided to sell your old manufactured home, and purchase a brand-new, shiny, energy-efficient model. Fantastic! When it’s time to build your new modular home, you need look no further than the Michigan Home Zone. Throughout the entire building process, we will be of assistance. So you can achieve the home you’ve always dreamed of, we’re here to help.
To discuss the finer points of purchasing/building a new manufactured home, contact us today.