Selling Your Mobile Home in Florida:
A Guide to Making Sense of the Mobile Home Market in the Modern Age
Have you ever thought to yourself, “How do I sell my mobile or manufactured home?”
If you’re thinking about selling and feel nervous, we totally get it! Chances are that you have never sold a mobile home before, or at least haven’t sold one in the present market. Selling your home can be a daunting task. There are a lot of decisions to be made that determine the final payoff. The good news is that selling a mobile home can be a simple and hassle-free process.
We’ll look at many of the hurdles you’ll have to overcome to get your home on the market and sell it for the price you want. There is a lot that goes into selling a mobile home and we are here to help!
Ask Yourself What You Want
The starting point in selling your home is deciding how you'll sell it. Sellers have two options to choose from: selling the home as a FSBO (For Sale By Owner) or enlisting the expert help of a mobile home brokerage. Some people choose to sell their home FSBO, thinking that paying a brokerage will leave them with less money than they could get on their own. They may also doubt that there's much benefit to selling with a company. It’s certainly not impossible to sell a home as an individual, but it will most likely take much longer to find a buyer. You'll also lack an ally with expert experience to assist you in negotiation with the buyer.
A mobile home broker provides a much-needed partner in the selling process that takes care of all the work for a marginal fee. With Integrity, you won't owe us anything until we close on your home. Mobile home brokers get more market exposure, know how to get the highest and best offers, and can use their expertise to sell homes faster than people on their own. After you include time lost from managing a home sale and lost exposure opportunity, a broker is always a net plus to any sale. Ask yourself: what you want from your selling experience?
What can a Mobile Home Broker do for Me?
When you choose a reputable mobile home sales broker to assist with your sale, you'll be matched with a dedicated agent. This agent will meet with you and inspect your mobile home, taking note of every selling point they know will pull full market value. The agent will use their experience to talk with you about how to price your home. At Integrity, your agent will walk you through our listing paperwork, take photos of your home, and submit it to our listing team. It will then be posted on our website, Zillow, Realtor.com, Trulia, and MHVillage to get you the most exposure to potential buyers.
Your agent will market your home to secure a buyer. Once a buyer is located, your agent will procure a sale and purchase agreement and other necessary documents. A reputable mobile home sales brokerage will then oversee the transaction and closing. The brokerage will coordinate the fiscal transaction and even handle the transfer of title after your home has closed.
More People Nowadays are Choosing to Work With a Brokerage
In the past, it was much more common for the owner of a land-lease mobile home to simply sell their home without help. While many people still choose that route, an increasing number of homeowners are opting to work with a brokerage instead. The reason behind this trend is easily understandable: the average price of a home has increased dramatically in the past few decades. In years gone by, when the vast majority of land-lease homes sold for under $20,000, it was a much less daunting process for a layperson to handle the sale.
Nowadays, our economy has changed and home prices have gone up. It's not unusual for a used land-lease manufactured home to sell for over $100,000. At Integrity, we occasionally sell homes with a list price of over $200,000. With six figure home prices becoming commonplace, buyers often need to secure financing. These factors can make going at it alone even more daunting. Working with an experienced agent and brokerage will make the process much less intimidating.