When selling your manufactured home in Memphis, you’ll want to get the best price possible without having to have it on the market for a long time. In our latest post, we offer some tips to do just that!
Selling a mobile home can be a bit different then selling a traditional single-family home. You may not always have as many interested buyers and the mobile home market doesn’t always perform in the same ways other housing options do. Below, we offer some advice to help you get the best price possible for your manufactured home in Memphis!
Sell It Directly
Working with a direct buyer has the potential to save you a fortune when selling your manufactured home in Memphis. When you avoid agents and the MLS, you won’t have to worry about commissions or fees, marketing expenses, or even repairs to the property. By selling quickly, you’ll be able to avoid the continued holding costs such as utilities, insurance, or a mortgage. with a direct sale of your manufactured home in Memphis, you’ll potentially be able to save thousands on the sale.
If you decide to list your manufactured home privately or with an agent, you’ll want to make the needed repairs before advertising the property for sale. Your mobile home will be subject to appraisals and inspections and it is best to get these things out of the way beforehand instead of when you are trying to sell it. You’ll need to check the major systems within the mobile home.
- All outlets and switches need to be working correctly with no known issues.
- Plumbing should be free of leaks and the water heater should be able to keep up with the demand.
- Make sure the skirting is properly sealed and insulated to avoid heat loss and the intrusion of pests.
- Seal the windows and doors to avoid drafts and heat loss
- Make sure there are no soft spots or holes in the flooring
- Check the siding to make sure everything is sealed and secure
- Tend to any other needed repairs that may be a problem for potential buyers
Choose Inexpensive Upgrades
If you do choose to make improvements to the home, don’t find yourself getting carried away. Major additions and remodels can cost thousands, without adding much in the way of value. Instead, make several smaller improvements. There are a number of small changes you can make that will have a large effect. Replacing old fixtures, upgrading the appliances, adding a coat of paint, cleaning up the yard, and replacing the carpet can all have a huge impact.
Send The Right Message
When marketing your mobile home for sale in Memphis, you will want to make sure your efforts aren’t going to waste. Do your homework to find out who is buying, where they want to be, and how much they are willing to pay. Find out how long manufactured homes in Memphis are staying on the market so you can gauge demand. Determine if your potential buyers are looking for lower income housing or if they are looking to capitalize on the small home trend. The way you market to one audience will be different than the way you market to another.
Price It Correctly
Do you know how much your mobile home is currently worth? How much of that value is dependent on your mobile home’s location? Before trying to sell, make sure you have an accurate picture of how much your mobile home is worth. If moving it to a new lot increases its perceived value, then move it!