FSBO (For Sale By Owner) mobile home listings are one option for mobile homeowners in Hemet. “Let’s sell it ourselves and save all of those real estate agent commission fees for ourselves!” Sounds great, right? When it comes to FSBO listings for sale by owner, going at it alone isn’t always the right move. The process of selling a mobile home is much harder than it would appear. A 90 percent failure rate for FSBOs trying to sell their own mobile home should give you pause, especially with such an important decision.
When you’re ready to select the method you’ll use to sell your manufactured home or trailer, which is likely one of your most significant financial assets, it’s essential to have realistic expectations. We will explore five things you should know about Hemet FSBO property listings.
Time and Toil
One thing you should know about Hemet FSBO property listings take a lot of time and hard work. From scheduling appointments with professionals, such as inspectors and appraisers, through open houses and showing the mobile home over and over, you may come to understand why real estate agents earn such high fees for their services. There is nothing more annoying than trying to schedule viewings with buyers who aren’t serious. They will often waste your time and energy with little regard to your personal life.
Lower Offers
You should also know that Hemet FSBO mobile home listings tend to sell for less than if you had worked with an agent. Agents are on top of their game and understand how important it is to screen potential buyers and market the mobile home properly. Whether you own a single-wide or a double wide trailer, agents can be helpful. They also have excellent people skills. Because they aren’t emotionally involved with the sale of the mobile home, negotiations tend to have a better outcome. While your actual advertising efforts are critical in the results, so too is how the mobile home presents during the showing.
Repairs
Repairs are not something you can escape with Hemet FSBO property listings. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water. Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves. I have seen cases where a year or two later, the same person who bought your mobile home for cheap is coming back and trying to sue you for repairs. Be very careful you understand all the legalities of the situation you are putting yourself in.
Legalities and Paperwork
Paperwork. Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Mobile Homeowners with Hemet FSBO property listings take on a huge responsibility in making sure every contract and form submitted is legit. Failure on this front could mean a deal falls through and will cost you even more.
Holding Costs
You should also know about holding costs and how they can eat away at the profits of Hemet FSBO property listings. Sadly, not having realistic expectations about what it takes in today’s market to sell a mobile home could leave the property lingering on the market for months or even years. You’ll be left with the lot rent payment and all other expenses to keep the mobile home in sellable condition. Even an agent cannot tell you an exact closing date when listing a mobile home on the Hemet market. Remember, you are the ONLY person who is paying the bills here. So, you need to make sure you think without emotion and make the right decision. Real estate agents can often promise extremely high sale prices because they have no money involved in the sale. Make sure you are realistic about your situation. Ask yourself: How quickly do I want to sell my mobile home? How much space rent do I want to pay? Do I REALLY have the money and the time to make all these expensive repairs?
The most important thing you should know about Hemet FSBO property listings is that there is another option. Selling directly to Mobile Home Dreamin is 100 percent successful for sellers. When you work with Mobile Home Dreamin to sell your mobile home, you still get to save the commissions for yourself! Mobile Home Dreamin pays cash so that the closing can be in a matter of days. You won’t have to show your mobile home multiple times and you won’t even need to clean it.
We will go over all of the details of your manufactured home and any other circumstances that may be pushing you to sell, helping you determine how much you would profit with a traditional mobile home sale or a direct sale to Mobile Home Dreamin. At Mobile Home Dreamin, our goal is to help you make the most profit on your most important investment, your mobile home. Feel free to ask Mobile Home Dreamin any questions you may have with no obligations. Send us a message or call Mobile Home Dreamin at (951) 783-2611.