In a declining real estate market, a person can generally sell a house faster by lowering the price.
But there are other ways to improve a home’s attractiveness besides lowering the selling price. Selling a home in a down market requires a little extra work. Do everything you can to get the home in excellent shape and be prepared to make some small concessions at closing. These tips, coupled with an attractive price, will increase the odds of getting your home sold. If you’re looking to sell your mobile home in a real estate market quickly, read on for some tips on how to create interest and get the best price possible.
Clean and Decorate your home
In order to attract attention and to make your mobile home for sale more memorable, think about custom designs or additions, such as landscaping, high grade windows or a new roof. This can help improve the home’s aesthetics, while potentially adding value to the home. It is important to remove all clutter from the home before showing it to potential buyers because buyers need to be able to imagine themselves in the home.
Make the Deal Attractive
In a down market, buyers are looking for a deal, so do your best to make them feel they’re getting one. To make the mobile home and deal more attractive to buyers, offer things or terms that might attract the buyer. For example, sellers that offer the buyer a couple of thousand dollars credit toward closing costs, or offer to pay closing costs entirely will in some cases receive more attention from house hunters looking at similar homes. One more tactic to sell you mobile home quickly is to offer a transferable home warranty. A potential buyer may feel more at ease knowing that he or she will be covered against such problems, which could make your manufactured home for sale more attractive than a competing home. It’s also important to note that some buyers are motivated by the option to close in a short amount of time. If it is possible for you to close on the home within 1to2 months, this may set your deal apart and get you a contract.
Improve external appearance
The first thing a buyer sees is a home’s external appearance and the way it fits into the surrounding neighbourhood but sellers often forget the importance of their manufactured home’s curb appeal. Try to make sure that the exterior has a fresh coat of paint, and that the bushes and lawn are well manicured. In real estate, appearances mean a lot.
Make Your Home “Move Right In” Condition
Make certain that doors, appliances and electrical and plumbing fixtures be in compliance with current building codes and in working order. The thought behind to have the home in move in condition and to give potential buyers the impression is that they will be able to move right in and start enjoying their new home, rather than spending time and money fixing it up.
Pricing It Right
No matter how well you decorate and stage your mobile home for sale, it is still important to price the home appropriately. Consult a local real estate agent, read the newspapers and go to online real estate sites to see what comparable homes are going for in your area.
It’s not always necessary to be the lowest priced home on the block, particularly when renovation and other significant improvements have been made. Nevertheless, it is important that the listing price is not out of line with other comparable homes in the market. Try to put yourself in the buyer’s shoes and then determine what a fair price might be.