When selling your mobile home in Lafayette, you will want to get a great price for it. However, you don’t want to price too high, and scare off potential buyers, nor do you want to price too low, losing out on thousands of dollars. Here’s how to set your asking price when selling a mobile home in Lafayette.
There are proven methods and strategies we would like to share in this article. Keep reading to learn how to set your asking price when selling a mobile home in Lafayette.
Know Your Market
Do some research and find out what comparable homes are selling for in your area. Take a look at seasonal trends, and if you have the time, list your mobile home at a time of year when prices are typically higher. Look up homes that are actively listed on the MLS, Zillow, and for sale by owner sites.
Take note of how long the properties have been listed.
If a home has been on the market for a while, it is likely priced too high. Think about supply and demand, if there are many homes on the market, buyers will be at an advantage.
In addition, you can ask a couple of realtors for a more detailed CMA. (Comparative Market Analysis.) Many realtors will offer this free of charge, as a marketing technique. Requesting a CMA should not put you under any obligation to the realtor. Who knows, they might even have a buyer for you.
Be Realistic
You might have a price in your head of what you want to get for the home, but make sure this price is realistic. Buyers are savvy, and depending on your market, they may have several options.
They want to get a good deal and find a value just as much as you want to get a good price for your mobile home. The trick is to find that sweet spot. You don’t want to price your home too high and have to make multiple cuts to the price.
These price drops will show on the MLS, and repetitive price changes can make you look desperate or indicate that something may be wrong with the mobile home. A good rule of thumb is to allow for only one price drop if necessary.
To make sure your asking price is based in reality, it might be beneficial to have a professional appraisal done.
Ask Opinions
To determine the best price for your mobile home, don’t rely solely on a realtor’s Comparative Market Analysis (CMA). Get input from friends, neighbors, and family members—ask them what they would pay for a home like yours.
Gathering multiple opinions can help you find a fair market value and uncover unique selling points you may have overlooked. A well-researched price attracts the right buyers and increases your chances of selling faster.
There Can Be More To It Than Just The Final Sale Price
Negotiating the price of your mobile home doesn’t always mean lowering it. You can offer a slightly reduced price if the buyer agrees to cover closing costs, or you might stick to your asking price by including furniture or appliances in the deal.
Smart negotiation gives you leverage to find a fair price that benefits both you and the buyer. With the right strategy, you can close the sale faster while maximizing your return.
If you have any questions about buying or selling property in the Lafayette area, fill out this form, and we will be in touch right away! Or call our office directly now! 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.
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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.
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COMMUNICATION: We speak respectfully, openly, honestly, and promptly.
PROFESSIONALISM: Our team is focused on our responsibilities to serve homeowners looking to sell professionally.