Your mobile home doesn’t need to be pristine when working with investors
One of the best ways to make money off of an investment property is to sell a mobile home to investors. Mobile homes are attractive to investors because they can be used in different ways, but they are very customizable, affordable, and easy to sell because of the need for affordable housing throughout California and the rest of the country. If you are looking to sell because you want to upgrade, now is the time to capitalize on what has been some of the lowest interest rates in history. You may be looking for that house with a pool or big backyard and the money you get when you sell a mobile home could put you in a position to do that.
About half of all people who live in mobile homes don’t have the land their home is attached to. It’s very common to sell a mobile home that is attached to someone else?s land or owned by a park. The park owner is another important role in selling a mobile house to investors. Usually, investors buy mobile homes in dire need of repairs, then fix them up to either be resold to a new family, or in some cases they can be used as rentals (very rarely in California). Investors make it easy to sell a manufactured home.
Sell A Mobile Home Fast With An Investor
In many cases, homeowners looking to sell a mobile home may want a price that is close to the market rate but are in need of repair. These types of properties require updates and renovation before they can be sold. Investors understand this and are used to accommodating homes in bad or ?as-is? condition. There are several ways investors can go about acquiring properties like these. In some cases, the investor will work on the home while you live in the home. They will usually work on your home during the day in the weeks leading up to them officially listing your home. This strategy helps you get closer to the price you want, especially if it’s a considerably higher asking price.
Other benefits do you receive when you sell a mobile home to an investor? You don’t have to worry about having a place to live. While we can do the method listed above, we have helped several families with living accommodations while they were working on a transition elsewhere. Best practices do not always work in the real world. Our team is equipped to come up with a custom plan if we have to because we don’t believe one size fits all.
Mobile Home Matadors are also accustomed to working with parks, even the tough ones. We have a dedicated lawyer on staff to make sure we can work out any problems that arise. Because of course, the last thing you want to do is sell a mobile home to a park owner. If you do try to sell to a park owner, you can expect to get very little if anything, but you can sell a manufactured home to the Matadors and get a cash offer. We buy mobile homes throughout California and in other states, too.
Additional Benefits of Cash Buyers
Investors can also be a great source of financing when you sell your mobile home. They are less risky than traditional buyers. These investors are usually not investing in the property for themselves, but instead, they take on the risk to fix a mobile home in the hope of making money. As long as the manufactured homes are maintained, and the area around it can be repaired, there should be no problem with paying the property off for the buyer.
It is important that you know that investors are looking for mobile homes with little to no money owed to them. They will likely ask you to provide tax documents along with the title. Keep in mind that not having these documents can slow the process because you will have to get information from the HCD. This can add weeks even months to the process because communication with the HCD is by mail. This will also likely lower the cash offer because of the perceived risk the buyer is taking on. Also, if you need help our team can assist. We have helped close lots of deals over the years and if there is ever something we can?t do there is a strong chance we know someone that can!
The last thing to look for when you sell a mobile home is whether or not investors can sell the mobile home through more traditional means. For those of you who aren’t looking to sell a mobile home fast, we offer more traditional sales. We provide marketing, legal services, and partner with private lenders to help your end buyer get financing. We understand that every situation is different, so if you do not want the cash offer, we have other ways to help you sell your home.
In some cases, an investor may request to have a licensed inspector inspect it. This is rare, but some houses may present challenges that warrant an inspection. Once the sale is complete the investor will get work. That includes gutting, repairing, rehabbing, along getting the agent to eventually sell to a new family. In a way, it’s like the mobile home circle of life.
Lastly, if you?ve made it this far down, you likely still have questions. If you still have questions, go ahead and give us a call or drop us an email. If we don?t respond immediately, we are likely assisting other clients or at work, but we promise you will receive a response within 48 hours (likely 24).