It’s been said that selling your home can be more stressful than many other major life events. When you’re under duress and need to sell quickly, additional strain is added to the mix. We’ll help you by exploring your options when selling your mobile home in Lafayette.
Exploring All of Your Options When Selling Your Mobile Home in Lafayette
Listing Agent
Let’s take a look at one of your options when selling your mobile home in Lafayette— the traditional route, working with a professional real estate agent. Agents typically earn a commission based on a percentage of the final sale price, and there may be additional fees charged by them or their brokerage. Your asking price will largely depend on current market conditions, which can fluctuate based on demand.
Before listing, you’ll likely need to invest time and money into repairs and updates to make your home more appealing to buyers. You’ll also need to prepare for showings and be patient as you wait for the right offer. Most buyers will require a home inspection, and any issues uncovered might need to be fixed before the sale can move forward. Even after going through all the necessary steps—inspections, repairs, and the mortgage approval process—there’s still a risk that the buyer won’t secure financing, causing delays or even canceling the sale entirely.
Cash Offers
Because professional buyers usually offer cash, you can expect a quick closing on your mobile home in Lafayette. The sale is usually as-is, which speeds the process even further, saving you both time and money. This also alleviates you of the legal responsibilities associated with disclosure.
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.
Professional buyers are taking higher risks, offering faster cash sales, and usually paying the closing costs. For these reasons, their offers are usually lower than properties sold as FSBO or listed on the MLS. Regrettably, there are less than honest buyers who may try to take advantage of time or financial constraints you reveal to them, so research carefully just who you’re working with. At Lafayette Mobile Home Buyer, we are dedicated to making offers to homeowners that are fair and well thought out.
For Sale By Owner
Selling a mobile home in Lafayette on your own may sound appealing because you will be controlling everything. Professionals, such as real estate agents or auctioneers, charge fees for their services, cutting into your profits. Should you be experienced regarding legal issues where real estate advertisements and transactions are involved, you can save a great deal of money on the deal. However, it can be extremely costly and legally devastating to make an error in either advertising or in how you handle all of the aspects of your sale with the buyer.
Short Sale
Depending on the circumstances you find yourself in, you may be able to negotiate a short sale with your lender. You will want to note that this is a very slow-moving process, which means that the lender has agreed to allow a sale for less than the remaining debt on the loan.
Auction
Avoiding the headaches of showing your mobile home is one of the favorable aspects of auctions. Additionally, these properties close quickly, selling as-is, so you won’t need to continue to pour time and money into repairs and upkeep of your mobile home in Lafayette.
Keep in mind that the usual fee for their service is a rather high 10 percent of the final purchase price. Because most auctions charge their fees to the buyer, lower bids are likely to be made in an attempt on the buyer’s part to pay a lower fee. Make sure you’re aware ahead of time if you’ll be responsible for their fee, which takes more away from your bottom line. Actually, realizing a sale of the property at auction isn’t guaranteed; there could be low attendance or several properties up for auction at the same time, leading to lower bids
We’re happy to further explore all of the options for getting started now on selling your mobile home in Lafayette. Just call Lafayette Mobile Home Buyer today at 337-508-0795 or send us a message to learn more!
- 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?
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.
Sell Your Mobile or Manufactured Home on Your Terms
Contact your Local and Trusted Mobile or Manufactured Home Buying Experts to Purchase Your Home Today. We buy mobile or manufactured homes in ANY Condition. There is no obligation or cost. What do you have to lose?
Where We Buy Mobile Homes near Lafayette, LA
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.