First time selling a Mobile Home?
If this is your first time selling a mobile home it can be an intimidating process. MHVillage is here to help!
Whether you inherited a mobile home or are trying your hand at flipping homes, here are some valuable tips to get you started:
Price the Home to Sell
There are a few specific details when pricing a mobile home to sell. First you have to remember to consider both the home value, and the market area. The reason being, you can have the same mobile home in two different locations and they can have a different price based on the individual markets. These are important factors when pricing your home to sell, since you want to be sure it’s within the margin of your current market.
To help with this, we have a product on our site called the NADA Book Value Report. Some sellers will use this product to determine a base value for the home. Plus the full report includes a market analysis in addition to the home value. This will show you what the sale price is for other homes in the area.
Another benefit to this product? You can complete the entire process online. This product is a great option if you are looking to gain the base value of the home. (For more details, check out this article focused on the subject)
For a more detailed estimate of the home value consider ordering an appraisal. This also can be useful to provide a buyer should they need it for financing purposes. For this you would want to work with a company who specifically works in the manufactured housing industry.
We recommend Datacomp Appraisal. They are the #1 nationwide company offering appraisals and valuation reports on existing manufactured homes. Contact them via their website or phone for pricing in your area.
If this is your first time selling a home, this term might be new to you. This step is referring to prepping the exterior of the home for perspective buyers. If the home is in a community, having the home stand out is a selling point. You can do this with a fresh coat of paint, or new shutters. If the home is on private land, improving landscaping can be a great place to start. For more tips on this subject, here is a helpful “DIY” article from Listotic.
Stage the Home
If you are unfamiliar with the term “staging”, it refers to the layout of the interior of the home in a way that shows off the home’s best attributes. While this might sound like “decorating”, there is a difference.
“Decorating” equals “show off your style”. “Staging” shows off the home’s style. It allows the buyer to see what the home has to offer them, when they decide to decorate. Here is a helpful article on how to stage a small living space: We need the link in here!!
Advertise the Home
Of course there are the usual options you think about for listing a home for sale; the newspaper, a yard sign, general listing service. However, with mobile homes, you there are a few more.
If the home is in a community, contact the manager for any helpful tips they might have for local advertising (They also might have some potential buyers to send your way).
Online is the way to go! While you can list your home on sites like Trulia, or Craigslist, keep in mind, both of those sites also have listings for traditional stick built homes and, in the latter case, a wide swath of offerings. MHVillage is a website that only offers mobile and manufactured home listing advertisements.
Why is this important?
With MHVillage the buyers are specifically looking for a mobile or manufactured home. This way you aren’t competing with other home types or being buried among all the world has for sale.
Plus, we give you specific advertising options catered to our industry all for a one-time fee until the home sells. Here is a link to the advertising options offered on MHVillage.
The final step in the process is giving yourself and the home the time it needs to sell. This means, you are available to respond to questions about the home, or send additional information on request. Additionally, you may want to plan an open house. This can be more convenient then one-on-one tours.
So, while the first time selling a home can be stressful, it doesn’t have to be. And when it comes to mobile and manufactured homes, there are plenty of resources to get you started on MHVillage. If you have any more questions contact us, we are happy to help!