Looking to sell your used mobile home for a price that will leave you with a little money in your pocket? Maybe you’re hoping to put that money into a new and better house. But the question is – how can you get top dollar for your mobile home? How do you know you’re not pricing it too low?
Today we’re going to talk about some easy things you can do to navigate the sale of your mobile home with confidence. If you use these tips, you’ll be able to walk away from the sale knowing you got the best price for your used mobile home. And guess what? That little confidence boost will help you purchase a new home, whether it be another mobile home or a stick-built home.
We’re going to try to keep this section short. But it won’t be easy because there are literally endless ways to add value to a mobile home. Still, let’s run through a few ideas.
Invest now, reap rewards later
The first category we’ll tackle is larger projects and “intermediate” investments. These are options that will cost you money now but will bring you a higher price in the end. Basically, it’s like purchasing an item and getting a profit when you re-sell that item.
An example of this would be moving your mobile home to a new plot. Location is important. Maybe you’re looking to appeal to a buyer who wants their own lot, rather than a lot that’s rented from a mobile home park. In that case, buying a little land and doing the work of moving the mobile home to an ideal area will make the deal more attractive.
Another example is remodeling. This could mean just remodeling the kitchen, or it could mean the entire house. Is your old roof an eyesore and less than efficient? Replace it. But be careful. Make sure you stick to pre-planned schedules and don’t get into a situation that may become a money sinkhole. If you end up spending more money than what you can sell for, you just lost your hoped-for nest egg.
Small improvements, big impressions
On the other hand, you may only need to make small changes, depending on your financial situation and whether your mobile home is already in good condition.
This could include:
- Painting your exterior or interior.
- Landscaping, laying down mulch or rock around your skirting, or planting some easy-to-care for plants.
- Repairing or replacing appliances.
- Upgrading light fixtures.
- Fixing any small cosmetic defects.
Get to know the market
Getting familiar with the real estate market in your area will help tremendously. If you don’t know what mobile homes are selling for, how are you going to get the best price? Research the market by looking at online and newspaper advertisements.
Observe what mobile homes of similar caliber are selling for in your area. Then narrow it down. How does your location in your community affect the market value of your mobile home? Do you live in a popular mobile home park or not? Do you have your own lot in a nice neighborhood in a good school district? How much growth has your town, county, or neighborhood seen in the last few years? These are just a few questions you can use to determine how much buyers are willing to pay for your home.
List your home strategically
Being a strategic seller isn’t easy. There might be a lot of pressure for you to sell your home quickly. In that case, you might be tempted to take a lower price. But getting top dollar takes planning! We recommend listing your mobile home strategically. Believe it or not, you will get a higher price in the summer than you will in the winter. Think about things like seasons when deciding when to list.
For instance, unless you have it on good authority that the market is booming, don’t list your home at the beginning of autumn. Again, there are exceptions. A ripe real estate market may make it possible for you to sell your home for a good price during the fall. But be careful!
Sell your mobile home for the right price
To get top dollar for your used mobile home, be market savvy, add value to the deal, and be strategic. There’s a lot riding on your ability to sell your home for the right price. Your future home-buying opportunities could hinge on making the correct decisions right now. It takes guts and research. Be strategic when choosing what to upgrade in your home, when to list it, and what price to ask for.
Do you want to upgrade before you sell? Here are 4 tips for choosing an exterior paint color.