How We Buy Mobile Homes & Calculate Offers
To sell your mobile home in California, contact us at (323) 432-0951 or fill in our Get My Fair Cash Offer Now form.
Get An Offer
We’ll provide a free and fair offer no-obligation office.
Pick a closing date that works best for you. We can close in as little as 14-days.
HOW WE BUY MOBILE HOMES FAST!
Are you looking to sell your mobile home in California fast? Perhaps you want cash for your home. Well, Mobile Home Matadors are here to help. We Buy Homes Cash, so if you’re looking to sell your mobile homes, we are the company you have been looking for. We eliminate the middle person to eliminate unnecessary fees and costs.
First, we schedule a time to go over the details of your home to get an accurate proposal.
All your information submitted to us are protected and never resold.
We provide the cash for every deal we process. Don't get slowed down by massive financial institutions.
Get an offer within 24 hours and use your cash to handle your business.
How We Buy Homes Cash
We Actually Want to Give You A Good Offer.
“We Buy Houses” companies usually try to lowball, hoping that a bad situation will push you into accepting it. But we don’t believe in this practice. This doesn’t do any good for you or us. We need homes to sell, low offers won’t get us there. It can also be a black eye on our rep, making it tougher to do business. That’s why we spend time driving communities and use various types of research to price our homes.
In short, Mobile Home Matadors “buys manufactured homes” to stay in business. The only way to do that is by getting offers accepted. We want you to be happy because we want to add you to our reviews!
It’s an Easy Process
So what do we do on our end?
Before we get started, it's important for me to say this, “Make an informed decision that will help you and your family!” being educated and informed helps you come to the best decision.
A lot of people have questions, on how we come up with our offers, so please take time to read through this so you can be informed on the topic. Heck, you may even be an expert by the time you’re done reading this Please read through this as reading this article will make you an expert on the topic.
So you’re asking “How do I sell my home”, thinking that the only offers you’ll, will be an absolute joke. But we don’t operate that way. If the price you want doesn’t fit our cash offer, then we will find you a better solution. We have always held the belief that we are here to serve you!
Our Offers Are Based On Your Several Factors
Cash offers are based on a lot of factors… So to answer the age-old question of “How much can you give us for our mobile home?” Depends on the following:
What is the lot rent in your mobile home park?
How much does your family owe on the mortgage?
How much work does the mobile home need on the inside and outside?
For those who sell mobile homes in California, a lot goes into figuring out offers, which we can always explain when viewing your mobile home or when we make the offer. Also, we dedicated an article on calculating ARV, too. Cash offers will be lower than what you would receive if you were to wait around months waiting to get market value for your home. We help market those homes, as well, but we will not be able to offer $50k for a $25k mobile home if you want to sell quickly. We speak with a lot of people who have unrealistic expectations, which is why we do our best to educate people on the dynamics and economics of selling a mobile home, so they can come to the best decision for their family.
Also, while we do our best to make fair offers, you can always negotiate. Its not uncommon for people to have an attachment to their home and there is nothing wrong with wanting more, which is why we have other options. If you have a pristine house and you are looking to get top dollar for it we have no problem actively marketing your mobile home for the best price but even this can take months depending on lot rent, location, and the type of park you live in. However, if your home isn’t pristine, we can’t offer a high cash offer because there are a lot of things we have to consider on our end. Aside from market conditions we consider what is known in the real estate world as ARV.
What is After Repair Market Value or ARV? This simply means we look at what the value of your mobile home would be, completely fixed up. This is just one of the steps we take on our end to formulate your offer!
What Do We Do Now?
We know that if we make similar upgrades to your house (AFTER we buy it, of course), having it updated, we would also be able to sell it for $50K.
So after the home has been renovated, we will have a better idea of the value (in this case $50K), and we know the cost of repairs/upgrades. We can now make an offer that makes sense based on the research and comps in the area. Hopefully, it works for you too and we can move forward in arranging a closing! We always do our calculations because it protects both of our interests. SEND US SOME BASIC DETAILS ABOUT YOUR MOBILE HOME TO GET STARTED!
Calculating the Offer:
Who loves math? If so, you’ll love this! For transparency, this is our actual formula for calculating offers.
[Offer] = [After Repair Value] – [Repair Cost] – [Selling Cost] – [Profit Margin]
And here is a breakdown of all the terms above.
After Repair Value (ARV): This is what your home will potentially be worth after it is complete and looks like your favorite HGTV flipping show.
Repair Cost: This is what our cost will be fixing/updating the house AFTER we purchase it from you.
Selling Costs: If you want to sell mobile homes in California, we buy your home with our money but we may also have to pay to market and sell your home, too. Some of our costs include paying agent fees, closing costs, taxes, holding costs, etc. All fees you do NOT have to pay when you sell your house directly to us ;). This is usually 10% all together with the selling price. (Our Selling Cost = 10% x ARV)
Profit Margin: Ummm.. this is a business after all, right? We have to make money because we have bills and employees. We wouldn’t be able to stay in business, buy more houses, pay contractors, plumbers, etc if we didn’t make some sort of profit. However, we look to serve as many as possible, and doing that doesn’t mean charging an arm and a leg.
So what does this mean? Think of it like this:
The market value of the house (after rehab), minus ALL our costs to fix it up (including our profits), will be the offer. Get it? Congrats, now you are an expert at this, but if you need to see it all together, let’s use that formula for a real-life example…
Here we go:
‘As-Is’ Value = $40K
ARV (After Repair Value) = $60K
Repairs = $15K
Selling Cost = 10% x $60K = $6K
Let’s say Our Profit Margin For This Purchase = $7K
Let make it easier:
[Your Offer] = [ARV] – [Repairs] – [Selling Costs] – [Profit]
Offer = $60K – $15K – $6K – $7K = $32K
Offer = $32K
It’s all just math and numbers. This is how we do 80% of our cash offers. We simply add the numbers up trying our best to give you the highest possible offer we can make you, to make sure you will be happy. Sometimes a cash buyer does not make sense, that’s okay! We have other ways of helping and we are a licensed dealer.
Analyzing the Offer
So, the house is worth $40K as is, meaning if you listed it with an agent you could sell it for $40K. Yet after ~8% agent fees and closing costs you would probably get about $37.5K for it after it will be on the market for 4? 5? months! And no one can guarantee the house will actually sell, which means you will be paying lot rent for the foreseeable future.
So now you have to make a decision.
Sell it for a guaranteed sale for $32K in as little as 10-20 days, or a “maybe sale” and receive $37.5K hopefully within 4 to 5 months.