When first considering selling your mobile home, the thought of listing with a real estate agent is usually swiftly followed by the fear of paying high commissions. Listing on your own saves money but could be a real headache. Read on as we explore what you should know about auctioning your mobile home in Pennsylvania and why selling it to an investor could be a better choice.
Step 1 – Determine the Home’s Value
The home’s age, condition, location and presentation will help you determine how much your home is worth in today’s housing market.
We will do a free market analysis, showing you what the market supports relative to your home’s size & location.
What have similar homes sold for in your community over the last few weeks?
Step 2 – Consider Your Options – Sell to Buyers or Wholesalers
Most banks are hesitant to finance mobile/manufactured homes. Because we deal with mobile homes ONLY, we are knowledgeable in the requirements of banks to approve loans to buyers.
If you do choose to sell the home through us, we will pre-qualify interested parties to eliminate unqualified lookers. And best of all, there are no seller costs – everything is handled at settlement.
Sell Your Mobile or Manufactured Home On Your Terms
Step 3 – List your home – You will need to advertise your home
What are the amenities, lot rents and pet regulations in your community? Be sure your home is HUD compliant according to the Federal National Manufactured Housing Construction and Safety Standards Act of 1974 (known as the HUD code).
We are able to offer In-House Financing to qualified buyers as an alternative to a bank loan, so we have more buyers waiting for homes.
Step 4 – Park Approval
In addition to getting qualified shoppers for your home, you need to be aware of any Park requirements for new tenants. You will have to ensure that your prospective buyer meets the park’s regulations before a sale can commence. We will assist with this process by pre-qualifying the interested party before you’ve spent your time cleaning and getting ready for showings.
Also notable, ALL communities run credit and criminal background checks on buyers.
Step 5 – Closing and Settlement
Common Documents include:
- Tax Certificate
Proof that property taxes have been paid on the mobile home may be required. You can obtain this information at the local taxing authority.
- Title Application
If your state requires a title application, it will need to be filled out and signed by the buyer and, in some cases, both parties. See also: Title transfer, Lost title.
- Bill of Sale
Mobile home bill of sale will serve as proof that the buyer and seller have agreed on the sale of the mobile home. It will generally include the mobile home’s serial number or VIN, buyer and seller information, purchase price, purchase date, and signatures of buyers and sellers. Some states will require notarization of this document.
- Lien Release
If the mobile home is subject to any outstanding liens, the seller must secure a lien release with proof of pay-off.
- Warranty Deed
If your state is one of the handful that recognize mobile homes as real property, a warranty deed will be required to transfer title.
When it comes to auctioning your mobile home in Pennsylvania, it’s important to note that many potential buyers will likely offer low prices that may be insulting. Instead, consider selling to a local company like Sell Your Mobile Home Fast Buying Expert based in Allentown. We prioritize our community and want to ensure that you feel good about the deal even after closing. With us, you can expect a fair offer and a hassle-free process. We provide complete transparency in how we determine our offer, and we even provide details on how much you could earn if you sold your home on the current market. With all the information at your disposal, you can make an informed decision that’s best for your unique circumstances.
How Much Can I Sell My Mobile Home For?
How Much Is Your Mobile Home Really Worth?Fill out the short form below to get a FREE 100% Accurate Mobile Home Value Report for your mobile home with up to date nearby "sold" data and our recommendation on the trend of mobile home values in your community.
What are the expenses involved in selling a mobile home?
The expenses involved in selling a mobile home can vary depending on a number of factors. Here are some of the common expenses to consider:
- Real estate agent commissions: If you decide to work with a real estate agent, you will likely need to pay a commission of 3-6% of the sale price.
- Closing costs: These may include title search fees, transfer taxes, recording fees, and other expenses associated with closing the sale.
- Repairs and maintenance: Depending on the condition of your mobile home, you may need to make repairs or perform maintenance tasks to make it more marketable.
- Marketing expenses: You may need to spend money on advertising or marketing your mobile home to potential buyers.
- Moving costs: If you are planning to move out of your mobile home before the sale, you will need to factor in the costs of moving your belongings to your new location.
When you speak with the auction mobile home, you must inquire about the total costs upfront before auctioning your home in Pennsylvania. Included in your budget for the auction should be marketing expenses, typically higher than when listing, in addition to the auctioneer fee. Don’t forget to verify the “no sale” fee; if you set a reserve price and there is no sale, you’ll still owe the auction house money for placing it there. Selling to Sell Your Mobile Home Fast Buying Expert is a better choice financially because we charge zero commissions, no closing costs, you won’t need to make any repairs and we never have hidden fees in our simple and straightforward contracts. In addition, there’s no need to worry about marketing costs because when you sell directly to us, marketing costs get eliminated. We also pay the closing costs of transferring the title.
Contact UsWe'd love to hear from you! Please fill out this form and we'll get in touch with you shortly.
Structuring The Deal
There are three options you should know about when you select the sale structure when auctioning your mobile home in Pennsylvania . Your choices are to sell with a reserve, a minimum or absolute. You should be aware that the type of sale at these auctions affects buyer turnout; for example, reserve auctions attract far fewer buyers than absolute auctions, where the home sells to the highest bidder, period. Even setting a minimum bid amount detracts from your buyer pool. Selling to Sell Your Mobile Home Fast Buying Expert is a better choice because you won’t have to stress over which selling option you select to sell at auction and your closing date is guaranteed, often in a matter of days. Now, if that time frame stresses you out, relax. At Sell Your Mobile Home Fast Buying Expert, we’re happy to work with you to set a convenient closing date.
Are you ready to learn even more about what you should know about auctioning your mobile home in Allentown and why selling to us is a better choice financially and an easier process for you and your family? Talk to one of our professional investors at Sell Your Mobile Home Fast Buying Expert today with no obligation and no pressure and we can help you over any problems that you believe may be standing in the way of selling your mobile home. We’ll buy your home as-is for cash and the amount we offer is the amount you will get at the closing. Why not let us help you now? Call Sell Your Mobile Home Fast Buying Expert at 347-669-3399.
Previous blog posts: