Selling your mobile home is something you’ll have to do maybe just a few times in your life. Unless you know a local Lafayette real estate agent who will sell your mobile home for free or a hugely discounted commission, it can be a real pain in the rear and an expensive process for you as well. So, you landed on this page about “How to sell your mobile home by yourself in Lafayette, LA” for a few reasons I’m guessing.
- You have no or very little equity in your mobile home so you can’t afford to pay a real estate agent commissions
- You have equity but want to try to save money selling the mobile home yourself before you resort to hiring an agent
- You’re in foreclosure (or heading that way) and just need to sell fast without incurring thousands in agent commissions
- You can’t wait the months and months it sometimes takes to sell a mobile home in the Lafayette area in this market so you want to try to sell it more quickly
Whatever one you land in, there are ways to sell your mobile home by yourself in Lafayette real estate market.
Since 2013, the housing market has been experiencing a significant recovery. Selling your mobile home now can be highly profitable if done correctly. It’s essential to use smart marketing strategies and set realistic expectations for what you want to achieve with the sale. By doing so, you can maximize your profit and ensure a smooth selling process.
This article will provide some guidelines to help you sell your mobile home by yourself in Lafayette.
How To Sell Your Mobile Home By Yourself In Lafayette, LA – Let’s Dive In
Know The Lafayette Real Estate Market Well
The first and most important step is doing market research on your neighborhood in the Lafayette LA area. This step involves visiting various home marketing sites (Zillow, Eppraisal the Chase home value estimator, etc), calling a real estate agent or two to see what your home is worth, or reading about the various market pricing techniques. Proper homework on these issues will allow you to come up with the right price for your mobile home and also help you avoid making certain selling mistakes.
If you don’t want to hassle with trying to come up with a home value yourself, give us a call at 337-508-0795 and we’ll give you an honest fair valuation of what your mobile home is worth on the retail market (if you’re going to wait the 3-6+ months to find the perfect retail buyer). And if you want to, we’ll make you a fair all-cash offer on your mobile home to give you the option of selling quickly (we can close in as little as 7 days if you want to).
Asses the market
This step involves conducting detailed market research specifically focused on your neighborhood and comparable mobile homes. Start by identifying how many mobile homes are currently for sale in your neighborhood in Lafayette. Check their average listing price to understand the market rate. Additionally, assess the impact of foreclosures in your area, as a high number of foreclosures can negatively affect the value of your mobile home. By understanding these local market conditions, you can set a competitive price for your mobile home that attracts potential buyers more effectively.
Furthermore, analyze the features and conditions of other mobile homes in your area. Are they newly renovated, or do they have modern amenities that your home lacks? This comparison will help you highlight the unique selling points of your mobile home, making it stand out in a crowded market. Conducting thorough research and setting a realistic, competitive price will enhance your chances of selling your mobile home quickly and at a favorable price.
Asses the mobile home
As a seller, ensuring your mobile home is in top condition is crucial to securing a good price. Highlight any unique features it has to offer during your marketing efforts. For instance, in Lafayette, a mobile home with driveway parking might be more appealing to buyers compared to one with garage parking.
Additionally, consider any necessary repairs or updates. Does your mobile home need a fresh coat of paint inside or out? How is the condition of the roof? Is the landscaping well-maintained? Is the interior outdated, such as having popcorn ceilings? All these factors can influence a buyer’s perception and the price they are willing to pay. If your mobile home needs a lot of repair and you want to do DIY repairs to your mobile home to save money, we recommend this Book. Also, here are the Best Mobile Home Parts and Supplies we recommend, and the Best Tools for Making Mobile Home Repairs.
After addressing these elements, set an asking price for your Lafayette home that is fair. Aim for a price that isn’t so high it will take months to sell but is attractive enough to generate interest and prompt a quick sale.
Use Photos or Videos
Lafayette buyers are highly influenced by the media. Creating walk-through videos of your mobile home can significantly broaden your market reach, as videos provide a more transparent and immersive view compared to photos. However, don’t underestimate the power of high-quality photos, which are more affordable and still very effective.
Take clear, well-lit pictures of every room in the mobile home to highlight its best features. Capture exterior shots from multiple angles to give potential buyers a complete view of the property. Having great pictures and videos of your mobile home online can make a huge difference, attracting the right buyer quickly rather than leaving your home on the market for months.
Get Your Mobile Home “Listed” On The Local Lafayette MLS And Market It
These days, you can find no- or low-fee real estate brokers who will charge just a few hundred dollars to list your mobile home on the local Lafayette MLS. This quickly gets your mobile home in front of all real estate agents. Be prepared to pay a 2-3% buyer’s broker fee if you want their support in finding a buyer.
Additionally, place ads in the local newspaper put up signs on the roads, and hold an open house for your mobile home. These strategies will help you attract more potential buyers and increase your chances of selling quickly.
All Of This Sound Like A Lot Of Work To Sell Your Lafayette Mobile Home Fast Yourself.
It can be.
And in the end, many Lafayette mobile home sellers think they’re saving money and time by marketing the mobile home themselves, when it costs them more money to go that route.
When you sell your own mobile home here are some things you need to consider.
- If you’re not a good marketer or aren’t ready to spend a bunch of time marketing your mobile home right”…”, selling it yourself may not be your best bet.
- If you don’t do a good job preparing the mobile home and the marketing materials… and working with buyers to build the value of your mobile home in their minds… you may sell the mobile home for 3-8% less than you may get for the same mobile home an experienced person marketed the mobile home for you.
- Too many sellers never think about holding costs or opportunity costs… every month that your mobile home doesn’t sell means another mortgage payment, tax payment, insurance, utilities, etc. If your mortgage payment is $1,500/mo… and $1,300 of that is interest… if it takes you 7 months to sell your mobile home… that costs you an extra $9,100 (not to mention taxes and insurance you paid during that time). So, if you were able to sell that mobile home more quickly, would it make sense for you to provide a buyer a discounted price today so you can close quickly and move on? Something to think about.
If you’d rather not put up the hassle of trying to sell your mobile home by yourself in Lafayette, and would rather just sell it quickly for a fair price without paying any commissions or fees. Here at Lafayette Mobile Home Buyer we buy local Lafayette LA mobile homes.
We’d love to make you a fair, NO OBLIGATION and NO HASSLE cash offer on your mobile home.
We can close quickly (in as little as 7 days if you want to)… which would save you thousands of dollars vs. trying to sell the mobile home yourself and waiting for months.
Also, when we buy local Lafayette mobile homes we do all the repairs that are needed (we pay for it ourselves) so you don’t have to worry about that.
If you want to see what we can pay for your mobile home, give us a call today at 337-508-0795 or just fill out the quick simple form through the link below.
Selling Your Lafayette Mobile Home Yourself? – Get A Cash Offer From Us First Before You Waste Time, Money, And Energy Selling It Yourself >>
- 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.