If you’ve inherited a mobile home and are considering selling it, you might have more options than you realize. Read this blog post to discover the 3 financial options you can pursue when selling an inherited mobile home in Lafayette.
When a loved one passes and leaves you with a mobile home, it might be a meaningful gesture, but the truth is, an inherited mobile home isn’t always convenient to own. There are additional bills, expenses, maintenance, upkeep, and stress; it can be time-consuming.
So if you are thinking of selling, you might first be thinking about selling with the help of a real estate agent. However, you might be surprised to learn that you have options that you may want to consider as well. Did you know you have 3 financial options you can pursue when selling an inherited mobile home in Lafayette?
First, Let’s Talk About Selling Through An Agent…
There’s nothing wrong with selling through a real estate agent but you should be aware that an agent may have you fix up the inherited mobile home first, then there are closing fees and the hefty agent commission you’ll have to pay afterward. And, this method can take months, so some people don’t like how long it takes.
So, what are the other options?
Second, Let’s Look At The Other Options…
Option #1. Refinance
Another financial option to consider, if you’re looking to access funds without selling your mobile home, is refinancing through a bank. Refinancing allows you to tap into the value of your mobile home to receive cash that you can use for other expenses or investments. The benefit of this approach is that you keep ownership of the mobile home, giving you the choice to continue living in it or renting it out for additional income. However, remember that refinancing is still a loan, so you’ll need to repay the bank over time. For those who want quick funds but don’t want to sell, refinancing a mobile home is an option worth considering.
Option #2. Rent To Own
Another option is to sell the mobile home over the long term by selling to a tenant. Typically, these are tenants who can’t get a mortgage but want to own a mobile home – so they’ll pay you rent and over time they’ll be able to buy the mobile home (either by paying you an additional amount above their rent that will go toward the purchase of the mobile home or, by waiting until their credit is cleaned up to purchase the mobile home with a mortgage.)
Option #3. Sell Fast For Cash
One little-known option that owners of inherited mobile homes might enjoy is the ability to sell the mobile home fast for cash. Instead of selling through an agent (and hoping they can find a buyer, which can take months), you can work with a mobile home-buying company (like what we do here at Lafayette Mobile Home Buyer) and they’ll often buy your mobile home as-is for cash, usually in as little as a few days. It’s fast, simple, and doesn’t require any work.
There you have it! 3 financial options you can pursue when selling an inherited mobile home in Lafayette!
Thinking about selling your inherited mobile home fast for cash? We can help! Click here now and fill out the form or call our office at 337-508-0795.
- Are you worried about repossession?
- Does the mobile home need more repairs than you can make?
- Did you inherit a mobile home you don’t want?
- Are you tired of expensive lot fees?
- Are there bad tenants you can’t get rid of?
- Do you own a mobile home that is sitting vacant?
- Do you have liens on the mobile home?
- Do you need to sell your mobile home fast?
If you are considering DIY, we recommend checking out this helpful Book for guidance, as well as our picks for the Best Mobile Home Parts and Supplies and the Best Tools for Mobile Home Repairs.
No matter why you need to sell your mobile or manufactured home in Lafayette, LA we can help you! Get a cash offer today.
Or if your mobile home needs to be moved. Get a free quote now.
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Our Values…
Return phone calls and close on time.
INTEGRITY: We do what we say we will do. No surprises at closing!
SPEED AND CONVENIENCE: If you need to sell quickly and are willing to take a reduced price for speed and convenience…WE CAN HELP YOU! If you want the total retail value of your home and can wait to sell it…a better option is to get a realtor. Our specialty is speed and a hassle-free buying process!
We get things done! Our team is proactive, anticipating and solving problems.
Place a high premium on transparency and accountability.
RELATIONSHIPS: We value long-term and mutually beneficial relationships with mobile homeowners looking to sell, ancillary service providers, park owners, contractors, and REALTORS®.
COMMUNICATION: We speak respectfully, openly, honestly, and promptly.
PROFESSIONALISM: Our team is focused on our responsibilities to serve homeowners looking to sell professionally.