Like with retail, there are several considerations and drawbacks and you should take care to consider all of your options before you make a decision. Glossary of Terms. There is always things you can do to protect yourself from low ball appraisals. On the other hand, if there are only a few other sellers, your chances of getting your asking price are much higher. While the price you are quoted will vary depending on the moving costs associated with your home, it will be lower than retail value. Unlike with retail where you must market, show the home, and ask permission from the park, selling wholesale is fast and painless. Make and Model — Some brands are more desirable than others. However, it is not guaranteed, and you have to consider the factors that affect the pricing to see your actual profits. Despite that, thousands of mobile home owners must either guess the value of their home or pay high valuation fees to get a better estimate of the final sale price. Structure and Rooms.
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Because there are more mobile home sellers than buyers, the process can take a long time, even without competition.
Make and Model — Some brands are more desirable than others. This gives you the necessary information needed to set your asking price with confidence.
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This difficulty stems from the fact that mobile homes are considered property and typically registered as motor vehicles, even though most of them are never moved. Get Yours Now!
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|Most parks will deny your request to sell if the buyer has poor credit or a criminal background or if your home needs repairs.
The primary benefit of using the retail market is that you can potentially earn more money by getting the full retail price. You also have to factor in required repairs, any maintenance on the home during the period, whether or not you have to continue to pay for utilities, and any other demands such as insurance put on you by the park.
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Like with retail, there are several considerations and drawbacks and you should take care to consider all of your options before you make a decision. At times, parks will implement a First Right Of Refusal, where you are required to give the mobile home park the chance to match any purchase agreement you enter into.
Water Heaters. One of the largest benefits of wholesale is that you can sell your mobile home very quickly, sometimes even on the same day you receive the offer.
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At times, parks will implement a First Right Of Refusal, where you are required to give the mobile home park the chance to match any purchase agreement you enter into.
Market Values Most wholesalers will inspect your home and then make an offer based on the same conditional factors you would include during pricing a home for the retail market. We receive information on thousands of homes for sale each year from all across the country. But, ultimately, a used mobile home is only worth what you can get someone to pay for it, and that number may be more or less than its estimated value, depending on how many buyers are out there and how the competing homes for sale are priced.
This is often misrepresented in order to make the homeowner believe they are not allowed to sell their home to a buyer who plans to move the home.