Selling a mobile or manufactured home can feel overwhelming and frustrating, especially when it comes to deciding how to go about it. There are several factors to consider when deciding how to sell your mobile home in San Antonio, or any of the surrounding areas for that matter. In our most recent blog post, we will discuss the top 5 factors that you should keep in mind when making the important decision of how to sell your mobile or manufactured home in San Antonio. Before we start I want to explain the difference in personal property vs real property. If a mobile home is on private land being sold with the land, it is considered real estate or real property. Mobile home in parks, on rented land are titled as personal property. Real Estate agents can sell mobile homes and land together, but they don’t typically sell mobile homes in parks. There is a separate license specifically for mobile and manufactured homes called an RBI. This license allows you to sell mobile homes and stands for Retailer/Broker/Installer. Without that license a person is only allowed to sell 1 manufactured home per year. So an individual could sell their primary residence mobile home, but technically would need to wait until the following year to sell another. One last thing, the term mobile and manufactured home. They are the same thing and we use them interchangeably but technically any mobile home manufactured after 1976 is called a manufactured home. Some of this information can help you determine if you can even use a realtor to sell your mobile home or not. Ok sorry, enough with the boring mobile home minutiae 😂 and back to the article.
1. Timeframe for Selling Your San Antonio mobile home.
The timeframe in which you want to sell your mobile home is an important factor to consider. Typically the more expensive the home or the higher the asking price, the longer it will normally take to sell. If you need to sell your mobile home quickly, then you may want to consider selling it to a cash buyer such as JourneyMobileHomes. Our team offers fair prices and a fast turnaround. However, if you have more time and want to get the highest price for your mobile home, then you might want to consider listing it with a real estate agent if the mobile home is on private land. If the home is in a park you could consider selling it yourself or hiring us to handle the sale for you. Our first preference is always to purchase the home directly from you for cash. However if you a little time and want a bit higher of a price consider having us list the home for you. We do not charge a commission for this, we simply agree to a price and sign a Purchase and Sale Agreement, then we market the home for you. Anything we are able to get above the contract price is ours to keep. It could be $500 or it could be a couple thousand. It just depends on a bit of luck and our negotiation and marketing skills. We can typically get this done in 30 days or less. All of these options have their pros and cons depending on what your goals are.
2. The Cost of Selling Your Mobile Home in San Antonio.
The cost of selling your mobile home in San Antonio is another important factor to consider. Selling your mobile through an agent will cost you a commission, which is usually around 6% of the sale price. If you want to save money on the commission, you can consider selling your mobile home yourself, but keep in mind that this will require more effort on your part. In many cases, FSBO listings don’t sell for as much as properties listed with an agent. Working with JourneyMobileHomes requires no cost and can be completed quickly.
3. The Condition of the Mobile Home When Selling
The condition of your San Antonio mobile home is another important factor to consider when deciding how to sell it. If your mobile home is in good condition, then you might want to consider listing it with an agent or trying to sell it on your own. However, if your mobile home needs repairs or renovations, then you might want to consider selling it to a cash buyer who will take it as-is.
4. Market Conditions in San Antonio
The current state of the real estate market in San Antonio is another important factor to consider. If the market is hot and there is a high demand for mobile homes, then you might want to consider listing your mobile home with an agent to get the best price. However, if the market is slow and there is a low demand for mobile homes, then you might want to consider selling your mobile home to a cash buyer.
5. The Convenience Factor
Lastly, convenience is an important factor to consider when deciding how to sell your mobile home in San Antonio. If you want to sell your mobile home quickly and without any hassle, then consider selling it to a cash buyer. However, if you have more time and want to get the best price for your mobile home, then consider listing it with an agent. As noted above, it really depends on your goals and timeframe.
When deciding how to sell your mobile home in San Antonio you should consider the timeframe, cost, condition of the mobile home, market conditions, and convenience. Each of these factors will play a role in your decision-making process and will help you make the best decision for your unique situation. Whether you decide to sell your mobile home through an agent, on your own, or to a cash buyer, make sure to do your research and weigh the pros and cons of each option before making a final decision. JourneyMobileHomes can answer all of the questions you have about selling. Reach out to us today to learn more about what we can offer you! 210-504-8388