Have you considered selling your mobile home in the central Texas area? In our latest post, we will take a look at what listing your mobile home vs. selling to an investor in Texas will mean for you and your current situation!
When it’s time to sell your mobile home, you should have a clear understanding of what that will entail. Listing your mobile home can take months, which can completely negate the profits a listing might bring in over a direct sale. Below, we will take a look at some of the pros and cons of listing your mobile home vs. selling to an investor in central Texas.
Listing Your Mobile Home
The Pros
An Agents Help – you will receive assistance with marketing and showing the property. They will get your property on the MLS, which requires the use of an agent. Keep in mind, an agent may not always show as much dedication to helping you sell your mobile home as they would a single-family property as their commission will be considerably less. Also consider this option is mainly for mobile homes on land as opposed to mobile home in parks, where they are consider personal property not real property. If your home is in a park and you want someone to list it for you, that is a service we provide here at Journey Mobile Homes. Normally less than 30 days from start to finish. We can also do this with mobile homes on private land the that need to be moved off the sellers property. Just give us a call and we would be happy to walk you through it! Ask for Paul or Eric 210-504-8388.
Broader Audience – By getting your mobile home listed on the MLS, it will quickly be seen by a broad audience, including other agents who are looking for properties for their clients.
The Cons
Wasted Time – As with listing any property, there are no guarantees when it comes to listing your Texas mobile home. You may be waiting for months before you find a buyer and the sale goes through. Also, there is no guarantee you will get your listing price. You may have to lower your asking price, so be sure to take that into consideration. Especially now that the housing market has changed so dramatically with interest rates the last couple years. We are seeing more and more homes sit on the market a few months, then the seller lowers the price a little, and it sits again. If you do decide to work with a real estate agent or licensed mobile home Retailer/Broker, be sure to do your research and get them well before sing their services. You want someone who’s advice and recommendations you can trust.
The Costs – When you list your mobile home, it is inevitable that there will be some repairs needed. These costs can add up quickly and will need to be paid upfront. It costs money to own the mobile home, so if the mobile home is on the market awhile, the holding costs can add up. You will also need to consider agent commissions and administrative fees.
Showings – When your property is on the MLS, prospective buyers are going to want to see it. This means you will need to keep it clean and show ready for those last minute people who want to drop by and see it. It can be difficult to pick up and leave when someone wants to see the mobile home, but you don’t want to make it difficult for people to see the property either.
Sales Falling Through – When your buyer is obtaining financing to buy the mobile home, it will be subject to appraisal. If it does not appraise high enough, the sale can fall through. This can be very frustrating for owners who have been waiting months to sell. Sometimes you can wait 2-3 months waiting for the buyers approval and then find out they didn’t get approved 🤦♂️
Selling Your Mobile Home To A Direct Buyer
The Pros
Zero Wasted Time – When you sell your mobile home directly to Eric and Paul at Journey Mobile Homes, you won’t have to worry about any wasted time. We can close with cash within a few days if you need us to. If you need longer that is totally fine as well, we work on your schedule.
Zero Cost – You won’t have to worry about making repairs, paying expensive commissions, or spending money to market the mobile home. In addition, you can say goodbye to lot rent, mortgage payments, utilities, insurance, and all the other ownership costs you face each month.
No Property Showings – There is no need to open the mobile home up for showings. In fact, you won’t even be asked to clean up. Don’t worry, we have seen it all. From pristine homes to hoarder homes, mobile homes in perfect condition to mobile homes some people think should be torn down! We love them all and love bringing them back to life to make them a nice, safe, affordable dwelling for the next family. All the to say we want to make the process easy for you. We will handle everything.
Guaranteed Sale – When you sell your mobile home directly to Journey Mobile Homes, you won’t have to worry about things falling through. We have the money to buy your mobile home right away and are not reliant on bank financing in order to purchase your property.
Know Your Closing Date – When you agree to sell to us, we will be able to provide you with your exact closing date and sale price so you can plan ahead. We will also close on the day that is best for you.
The Cons
Lower Final Sale Price – Many people are leery of selling to an investor because they are worried about a low price. However, once you think about all you save, the price difference is negligible. Remember, we take on all repairs while saving you a ton of time and energy. Our offers are always fair!
Overall, a direct sale offers guarantees on things such as the price and the closing date, while a traditional listing does not. A traditional listing may achieve a higher final sale price, but the repair costs, agent fees, commissions, closing costs, and marketing expenses can easily negate the higher final sale price you may achieve. All of that, plus the cost of your time. For some mobile home sellers in the central Texas area, listing simply isn’t worth it.
Before you decide how you are going to sell your mobile home in central Texas, run the numbers to determine which way of selling will be right for you. At the end of the day, we want you to make a smart and well-informed decision about what you want to do. Explore your options and let us know how we can help! We are happy to make you a no-obligation offer for your Texas area mobile home at any time!