Are You A Mobile Home Owner That Wants To Sell?

If you in fact are needing to sell your mobile home inside a park then you have come to the best place. Please read below to gain a better knowledge of the steps needed to complete a fast sale on your own and keep all the advantages.

• Understand the present used mobile home selling market.

The goal of this article is to give you the real-world tools and info you will need to sell your home fast! With that said I would love to inform you that mobile home buyers will be lining up to pay you all-cash for your used mobile home. In reality, this will not likely be the case unless the mobile home you are giving for sale is 1.) more attractive than any other in the park and 2.) less costly than any other mobile home for sale in the park.

• Advertise to find buyers

Now that you understand what types of buyers are in the market, it is time to decide how you would like to sell and start advertising for buyers.

1. FSBO Sign
2. Online
3. Newspapers
4. Yard Signs

• Do not be Bullied. Know what your home is worth?

It is important to not be bullied when you are trying to sell a mobile home for a reasonable price. On the other hand, it is important to not OVER charge what your home is worth. You are seeking a fair – Win/Win offer that enables both parties to get what they want.

If you are ready to hold payments then understand this is very helpful to an honest, hard-working payment buyer. You are supporting this buyer to own a home without qualifying at a bank – you are the bank.

• Verify buyer has funds.

If you are selling a mobile home in a park for all cash then you will want to check the seller has all his/her funds available to close. This also makes sure the buyer is serious and not wasting your time.

• Follow up with your buyer

Within 48 hours of you and the buyer(s) verbally-agreeing to a purchase amount, your buyer(s) should be getting accepted at the park. Most likely all non-minors living in the home will require to be accepted. If this is not done within 48 hours your buyer may be delaying.

Whether or not the buyer plans to move-in now or in 90 days they will need to be accepted at the park before you will stop selling and showing the home. Again, keep advertising the home and talking to proposed buyers until the day the park supervisor lets you know your buyer(s) have been accepted.

• Prepare closing documents.

You will need…

1. Seller’s Information Sheet: Only if accepting monthly payments.
2. Bill of Sale
3.  Promissory Note: Only if accepting monthly payments.
4. Agreement After Closing

• Appointment to close

This is the time you will be signing all the paperwork and giving the Title(s) to the buyers. If they are making you payments make sure to go with them to the DMV [DOT, HCD, or other mobile home titling professional in your state] to ensure the buyer(s) add your name as “Lienholder” to the new Title. This is done at the time you are talking to the clerk and they are about to Print a new Title with the new Owner’s names… this is when your name and address will be appended as “Lienholder” to the new title(s). In addition to being named as “Lienholder”, you will also need to give the DMV [DOT, HCD, or other mobile home titling authority in your state] your address to mail you the original title(s). You will hold onto the initial Title(s) until you are paid every money in full. Be informed it may be smart to have a Notary prepared at the closing location or you can drive to a local bank for their free Notary services.

If you still have doubts or any other questions you can contact us at (972) 523-0065 or visit our website.

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Created on Jul 10th 2020 06:27. Viewed 200 times.

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