There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional real estate agent, you could try to sell your property by owner, or you could sell your property to an Memphis investor.
5 Things You Should Know About Selling Your Mobile Home To an Memphis Investor
Understanding the Buyer
Professional mobile home buyers in Memphis, TN typically close faster than traditional mobile home buyers, and usually pay full in cash. Traditional mobile home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings.
The usual commission is 3% per side, so if you sell your mobile home for $200,000, you would have to pay $12,000 in commissions alone! Professional mobile home buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out of state owners.
No Preparation Necessary
Professional mobile home buyers in TN will usually purchase mobile homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.
Professional mobile home buyers are in it for the investment. They are not expecting to move into the mobile home on the day of closing. Most mobile home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the mobile home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest.
Sell With Confidence
When you decide to use a professional mobile home buyer in Memphis, TN, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your mobile home. You don’t have to worry about leaving your mobile home spotless every day before heading to work, just in case there is a showing while you’re gone.
You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Selling to a professional mobile home buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the mobile home or the neighborhood.
Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional mobile home buyers already know the state of the property, and they are willing to take on that risk.