Have you considered selling your mobile home in the Chicago area? In our latest post, we will take a look at what listing your mobile home vs. selling to an investor in Chicago will mean for you and your current situation!
When its time to sell your mobile home, you should have a clear understanding of what that will entail. Listing your mobile home can take months, which can completely negate the profits a listing might bring in over a direct sale. Below, we will take a look at some of the pros and cons of listing your mobile home vs. selling to an investor in Chicago.
Listing Your Mobile Home
Agent Representation – You will benefit from having a more convenient process for selling your property as the agent will being doing a lot of the leg work to find a buyer. An experienced real estate agent will also be able to leverage their experience selling real estate and find a buyer much faster than you would be able to on your own. However, it is important to note that selling a mobile home will be lower on the agent’s priority list since they will receive a much smaller commission than the other types of property they are working on selling.
Broader Audience – By getting your mobile home listed on the MLS, it will quickly be seen by a broad audience, including other agents who are looking for properties for their clients.
Wasted Time – As with listing any property, there are no guarantees when it comes to listing your Chicago mobile home. You may be waiting for months before you find a buyer and the sale goes through. Also, there is no guarantee you will get your listing price. You may have to lower your asking price, so be sure to take that into consideration.
The Costs – When you list your mobile home, it is inevitable that there will be some repairs needed. These costs can add up quickly and will need to be paid upfront. It costs money to own the home, so if the property is on the market awhile, the holding costs can add up. You will also need to consider agent commissions and administrative fees.
Showings – When your property is on the MLS, prospective buyers are going to want to see it. This means you will need to keep it clean and showing ready for those last minute people who want to drop by and see it. It can be difficult to pick up and leave when someone wants to see the house, but you don’t want to make it difficult for people to see the property either.
Sales Falling Through – When your buyer is obtaining financing to buy the mobile home, it will be subject to appraisal. If it does not appraise high enough, the sale can fall through. This can be very frustrating for owners who have been waiting months to sell.
Responsible For Repairs – Your buyer will likely have an inspection done on your mobile home before purchasing it. The inspection will always reveal issues that will need to be repaired and sometimes may even scare off your buyer causing the sale to fall through. You will be responsible for hiring, managing, and paying contractors to make repairs on your mobile before closing.
Selling Your Mobile Home To A Direct Buyer
Zero Wasted Time – When you sell your mobile home directly to Blue Ladder Development, you won’t have to worry about any wasted time. We will do a quick walk through of the property and present you with a formal written offer the same day so you can focus your time on what matters.
Zero Cost – You won’t have to worry about making repairs, paying expensive commissions, or spending money to market the property. In addition, you can say goodbye to lot rent, utilities, insurance, and all the other ownership costs you face each month.
No Property Showings – There is no need to open the property up for showings. In fact, you won’t even be asked to clean up. We want to make the process easy for you. We will handle everything.
Guaranteed Sale – When you sell your mobile home directly to Blue Ladder Development, you won’t have to worry about things falling through. We have the money to buy your house right away and are not reliant on bank financing in order to purchase your property.
Know Your Closing Date – We will also close on the day that is best for you. We will be able to provide you with an exact closing date you can be rest assured you know exactly when you will be moving. In addition, we will let you schedule a date on your preferred timeline and be ready to close when it is most convenient for you.
Lower Final Sale Price – Many people are leery of selling to an investor because they are worried about a low price. However, once you think about all you save, the price difference is negligible. Remember, we take on all repairs while saving you a ton of time and energy. Our offers are always fair!
Overall, a direct sale offers guarantees on things such as the price and the closing date, while a traditional listing does not. A traditional listing may achieve a higher final sale price, but the repair costs, agent fees, commissions, closing costs, and marketing expenses can easily negate the higher final sale price you may achieve. All of that, plus the cost of your time. For some mobile home sellers in the Chicago area, listing simply isn’t worth it.
Before you decide how you are going to sell your mobile home in Chicago, run the numbers to determine which way of selling will be right for you. At the end of the day, we want you to make a smart and well-informed decision about what you want to do. Explore your options and let us know how we can help! We are happy to make you a no-obligation offer for your Chicago area mobile home at any time!