Despite the cooling trend in the market, home prices are still on the rise, and available inventory of mobile homes remains low. As a result, the current market is still favorable for sellers due to the law of supply and demand. However, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, only about eight months’ worth of supply is available. Furthermore, although mobile home sales have slowed down slightly, they are still moving relatively quickly; in September 2022, homes spent an average of 50 days on the market, which is approximately 20 days longer than in May 2022, according to the St. Louis Federal Reserve.
Despite the cooling trend in the market, home prices are continuing to increase, and the supply of available mobile homes is still limited. Consequently, the current market is considered to be advantageous for sellers due to the basic economic principle of supply and demand. Nevertheless, data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development indicate that the available supply is equivalent to only about eight months’ worth of demand. Additionally, although mobile home sales have slightly slowed down, they are still selling relatively quickly. As per the St. Louis Federal Reserve, in September 2022, homes were spending an average of 50 days on the market, which is around 20 days longer than in May 2022.
Sell Your Mobile or Manufactured Home On Your Terms
Tips To Sell A Mobile Home Fast:
- Prepare your home for sale: Clean, declutter, and repair any damages to make your mobile home look its best. Consider staging to make it more appealing to potential buyers.
- Price your home appropriately: Research the local market and price your home competitively. Overpricing or underpricing can lead to a longer time on the market or a lower sale price.
- Use high-quality photos and virtual tours: Professional photos and virtual tours can help your listing stand out online and attract more potential buyers.
- Make your home easily accessible for showings: Have a plan in place to clear out when potential buyers want to view your home. Keep it clean and presentable at all times.
- Consider working with a real estate agent: A local real estate agent can provide guidance and expertise throughout the selling process, including pricing, marketing, and negotiations.
- Be upfront about any issues or needed repairs: Disclose any problems or necessary repairs to potential buyers to avoid surprises and potential legal issues down the line.
- Consider selling directly to a professional buyer: If you want to avoid the hassle of showings and negotiations, selling directly to a professional buyer may be a viable option.
- Be flexible with the closing date: If possible, be flexible with the closing date to accommodate the buyer’s needs and make the process smoother for all parties involved.
Prepping
To achieve the best price when selling your mobile home in the current Shelton, Stroudsburg, Allentown, Reading, Levittown, Philadelphia, Bethlehem, Scranton, Bensalem Township, Harrisburg, Lancaster market, our first tip is to prepare for the sales process. Typically, real estate agents engage professional stagers to present homes in the best light possible. This often involves removing excess belongings and furnishings that don’t fit the design and storing them off-site. Unless your home is brand new, a fresh coat of paint is a must, and updating the flooring and cabinetry can greatly enhance an outdated interior. The professional buyers at Sell Your Mobile Home Fast can advise you on the preparation work required and how it can increase your profit margin. Alternatively, if you prefer to skip the preparation work, a direct sale to one of the local professional buyers at Sell Your Mobile Home Fast may be the best solution.
Repairs
If you’re planning to sell your mobile home in Shelton, Stroudsburg, Allentown, Reading, Levittown, Philadelphia, Bethlehem, Scranton, Bensalem Township, Harrisburg, Lancaster in the current market but it requires repairs, you should be aware that buyers may expect those repairs to be completed or may demand a discount in negotiations. In some cases, buyers may demand a discount that is greater than the cost of the repairs. If you’re unable or unwilling to make the repairs yourself, you have another option: selling the property as-is to professional buyers like those at Sell Your Mobile Home Fast.
Marketing
Top agents recognize that in the current market, high-quality digital professional imagery and 360-degree drone footage for a virtual tour are essential for meeting buyers’ expectations when marketing your Shelton, Stroudsburg, Allentown, Reading, Levittown, Philadelphia, Bethlehem, Scranton, Bensalem Township, Harrisburg, Lancaster mobile home. Although it may require some expenditure, it is a cost-effective investment that can help increase your chances of selling your property at a good price. However, if you wish to avoid the costs of marketing your home, you can always consider selling it directly to professional buyers like those at Sell Your Mobile Home Fast.
Showings
It’s essential to make your home as accessible as possible during the selling process, including having a plan in place with all family members to clear out when a potential buyer comes to visit. Additionally, you should remove any signs of pets from the house. However, if you want to avoid the hassle of showings and keep the interior of your home off the internet, you can sell directly to professional buyers like those at Sell Your Mobile Home Fast.
Price
Setting the right listing price from the beginning is crucial for selling your Shelton, Stroudsburg, Allentown, Reading, Levittown, Philadelphia, Bethlehem, Scranton, Bensalem Township, Harrisburg, Lancaster mobile home quickly in the current market. If sellers list their homes too high or too low, it can lead to costly consequences such as extended days on the market and decreased value in the eyes of buyers. Overpriced homes are easily noticed by buyers who may simply pass by the listing, while undervalued homes may raise questions about hidden issues. Despite our emotional attachment to our homes, it’s important to understand their current market value. Professional buyers like those at Sell Your Mobile Home Fast can help you determine a realistic selling price for your home on the Shelton, Stroudsburg, Allentown, Reading, Levittown, Philadelphia, Bethlehem, Scranton, Bensalem Township, Harrisburg, Lancaster real estate market.
At Sell Your Mobile Home Fast, our professional buyers will provide you with all the necessary information so that you can compare the benefits of selling your home through a traditional listing versus selling it directly to us. We will ensure that our offer is fair and transparent, and we can guarantee a closing date within a matter of days. Since we are investors and not planning to move in, we can work with you to arrange a convenient closing date. Contact us at (570) 775-5777 to learn more.