COVID-19 has had a significant impact on the economy. Although we tend to have a negative view of crises and pandemics in general, sometimes they do present opportunities for growth alongside all of the difficulties they present. Buying and/or selling your mobile home post-COVID may fall into the category of growth opportunities. So today we’re going to talk about a few things to consider if you’re selling your mobile home in these uncertain times.

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As you’ll see, there are many pros to selling your home post-pandemic, but we’ll also put in a few cautionary words too. Examine your options carefully and try to make the decision that’s best for you.

The current economic state and what it means for you

When coronavirus hit the world back in March, mortgage rates dropped. In fact, they dropped to an all-time low. Right now, buyers are eyeing “those nice houses in town” that they never considered buying before. And the reason is simple: they can actually afford them at the moment. 

Not only is housing more affordable than ever, but people are also more ready than ever. Some millennials have been saving their pennies since 2008 when the Great Recession devastated the economy. They’re tired of living in condos, they want a little house they can call their own, with a yard where their children can play. 

The market is ripe for buying and selling. Will you take the plunge too?

Who are your potential buyers?

Aside from market conditions, COVID-19 itself has pushed many families to broaden their horizons. Working from home and having the kids running around all day…well, it would wear out anyone. Maybe that condo doesn’t seem as functional as before. 

Consider also the fact that coronavirus is spreading mainly in big cities and therefore prompting people to relocate for health reasons. That little family living in the big city condo? They’re starting to realize that city life isn’t all it’s cracked up to be. Needless to say, the suburbs look highly attractive, not to mention safe.

A father and two sons with lots of toys

And there you have it: the perfect recipe for a motivated buyer. The world is full of these potential buyers right now, and all you need to do is offer them a home to buy. They’ll come running.

Why your mobile will sell, even after a life-changing crisis

If you’re still not convinced that simple situational crises will help you sell your home, let’s look further. Even though the pandemic has made it easy to buy and sell, many people want to hang onto their money and sit tight on their property. These are justifiable fears. It seems like a foolish gamble to spend money when things are so uncertain. You may come to this conclusion too, and that’s totally fine. But, as you’ve hopefully noticed by now, since so few homeowners are taking the opportunity to upgrade to a new home, the market is highly competitive.

If you feel that you’re willing to be a little daring, here’s why your home will sell. There are few homes to choose from, yet many buyers (including yourself, because you’ll need a new home once you sell the old one). When there is so much competition and so few choices, prices go up. Buyers get caught in bidding wars, which is always a good thing for you as the seller. 

Should you sell your mobile home?

Better safe than sorry? Not necessarily. The truth is, you could make significantly more money than you expect. Don’t be afraid to sell your mobile home post-COVID-19. It’s not only to your advantage, but you’re also doing the economy a lot of good. Experts have commented that, from past experience, once real estate is up and running normally, the rest of the economy will follow.

Green plant in a vase of coins

In this post-COVID-19 market, your property is valuable. Now is the time to sell before that value drops again and leaves you wishing you had sold sooner. If you intend to upgrade to a new, better, or more functional home soon, you could use the extra money that you’ll make in today’s market.

Consider your options

Although it may be difficult to step out of your comfort zone and take the initiative in a tricky situation, it can be well worth it. Yes, it is a risk. True, it may not be the right option for you. But give it some thought, research the mobile home market and your region, and make a decision based on your findings. 

Explore your options and broaden your horizons. Accepting change and embracing risk can be good! For more info, check out our guide to pricing your mobile home

About EZ Homes Design Team

The team behind the scenes at EZ Homes. Bringing you fresh ideas about mobile home lifestyle and design.