Selling your mobile home in Wake County can take some work. There are some important differences between a mobile home and a single-family home. Use these tips to make the process of selling your mobile home easier and more profitable!
While the demand for affordable housing is higher than ever, especially in Wake County, many people don’t consider a mobile home as a housing option. Mobile homes can get a bad rap when in reality, they can be a great option for those who want to downsize and save money.
But selling a mobile home does come with its own unique set of challenges. Depreciation is a factor. Similar to an automobile, mobile homes are considered to be personal property, not real estate, and they lose their value over time. Also, financing for mobile homes is a lot more difficult to obtain and more expensive. In this post, we will outline a few tips to help you when selling your mobile home in Wake County and Pitt County North Carolina.
Does Your Home Come With The Land Underneath It?
This is very important! Mobile homes are considered to be personal property and are not considered real estate. The opportunity for leveraging the affordability of a mobile home can be found in it’s ability to enjoy large parcels of land. If you are able to acquire an affordable mobile home and set it up on several acres you can own something truly wonderful. Now you are selling real estate with all of its advantages. You can even sell your mobile home and lease the land underneath to your buyer!
Determine Which Repairs Are The Most Cost-Effective
It’s much more cost-effective to make repairs to a mobile home as opposed to a single-family house. The hardware and fixtures are cheaper to replace and are more durable. This doesn’t mean you should tear everything out and replace it. But you can update some of the more cosmetic features of the home to make it more appealing. Flooring, paint, hinges & pulls, lighting fixtures, appliances can all be upgraded to make it more attractive. The more expensive items that should be inspected are well and septic systems and the water filtration systems. Make sure to document any repairs and or repair results and keep them on hand for your prospective buyers.
You could even consider adding in some staging elements to present the property in the best possible light. You’ll want to do all you can to make your prospective buyers feel like your mobile home is somewhere they would want to live.
Hire A Professional Photographer
One of the drawbacks of mobile homes is a smaller space that can feel “cramped” at times. This is especially true when you have a lot of personal belongings in the home. Smaller spaces don’t photograph as well, so you will need to do all you can to properly stage and maximize the space. A professional photographer will know exactly how to present your mobile home in the best light.
Research The Book Value
Just like an automobile mobile homes are considered to be personal property and not real estate. There is something called a Blue Book Value and a NADA guide that can give you a benchmark on what the home is worth. These values can be used to determine the approximate value of a car, boat, or motorcycle. But as the seller of a mobile home you should be aware of this data.
Don’t Forget The Curb Appeal
The outside of your mobile home matters just as much as the inside. Make sure the lawn is well manicured and there is no trash or debris lying around. You never get a second chance to make a first impression. Even if you have a very small space, the right landscaping can make the space beautiful.
Look For The Right Buyers
If you are struggling to find a buyer for your mobile home in Wake County and Pitt County, you may need to expand your marketing efforts. Zillow and Trulia are great resources for For Sale by Owners. Let people know about all of the perks of smaller living so you can reach a broader audience. Smaller spaces that require less maintenance are popular among retires, especially in rural areas. This market is especially receptive to quiet, peaceful areas with plenty of natural surroundings.
Work With A Direct Buyer
If you want to avoid all of the selling costs, commissions, repairs, closing costs, and waiting, working with a professional mobile home buyer in your local market, can make the process fast and efficient for you. The team at Mike Buys Houses is prepared to make you an offer for your mobile home provided it comes with land. We have bought mobile homes in Wake County, Pitt County, Orange County, and Johnston County and surrounding areas of North Carolina. You will be able to avoid all of the costs above as well as the closing costs and commissions. We will make you a straightforward offer, without any fees or costs to worry about.
Selling a mobile home can take some work. When you work with Mike Buys Houses, you will be able to avoid clean-up, repairs, staging, and property showings. We don’t charge any commissions or fees to work together. We are direct buyers who can help you with any mobile home in Raleigh or the surrounding areas!