With the continuing rise in real estate prices throughout the Sarasota County Florida area the big question seems to be, should you go ahead and sell your house now or wait to see how much it will go up in value?
It is time to sell your mobile home in the greater Sarasota Florida area.
While this may be met with some sadness it can also be met with some excitement for the next chapter of your life and where it will bring you!
The immediate follow-up question is then if you sell your house now and reap the financial benefits of selling at a higher price will you really gain anything financially if you go to buy another home in the same area right afterward as the profit that you made from your current home sale will be eaten up by the high prices in the same market.
If you decide to not buy another home in the Sarasota area but go and rent for a few years until the market cools down and prices level out you may run into a shortage of rental properties available that has not been seen in the area for years, if ever.
Mobile home in Florida
Just last week we had someone come to us and tell us that they were considering selling their home but when they looked at apartments in the area most of them had over a year-long waiting list to get in!
With all of this real estate madness going on all around us, what does it all mean if you own a mobile home on leased land within the Sarasota Florida area?
Are Sellers seeing the same rise in prices as traditional real estate?
Mobile homes that are located on leased land within the state of Florida are viewed as and taxed as personal property, not real estate. What this means is that these mobile homes are sold with a title and not a deed to them which makes the transaction the exact same as purchasing a vehicle.
With this understood, there is no reliable way to pull sales comps when you are looking to sell your mobile home if it is located on leased land.
What we have seen throughout this crazy real estate market at The Mobile Home Dealer is that homes in good condition that are priced fairly are selling faster than ever, but not for more money in the traditional sense. What we mean by that is that due to the speed at which homes are being sold then the Sellers are paying less in lot rent which means that these Sellers are keeping more money in their pocket as opposed to “making” more money at the closing table.
Overpricing Your Mobile Home
Price is a deciding factor for most Buyers in the mobile home space, not necessarily features of the home or even location.
Pricing your home high will usually result in your home sitting on the market longer, while the Seller continues to pay lot rent, utilities, taxes, and all other carrying costs associated with owning that property. These continued monthly payments will eat into your profit even if you sell the home for a higher price.
We at The Mobile Home Dealer feel it is always best to price your home aggressively from the start and be willing to negotiate with the Buyer when they want to make an offer.
Making it easy to have the Buyer buy your home is the first step in getting your home sold fast.
Pricing your mobile home aggressively
When looking to sell your Sarasota Florida mobile home we always suggest pricing your home aggressively in order to bring the best cash offers to you as quickly as a time frame as possible. Getting caught up in the inflated pricing of a mobile home could lead to the Seller holding on to the home for several months with the added stress of continuing to pay for a mobile home they do not want.
Increasing the price of your mobile home will usually result in your home sitting on the market longer, while the Seller continues to pay lot rent, utilities, taxes, and all other carrying costs associated with owning that property. These continued monthly payments will eat into your profit even if you sell the home for a higher price.
We at The Mobile Home Dealer feel it is always best to price your home aggressively from the start and be willing to negotiate with the Buyer when they want to make an offer.
Florida Mobile Home
If you are looking to sell your mobile home around the Sarasota area we feel now is just as good of a time as any but we stress for each Seller to go into the marketplace with reasonable expectations. These expectations should be rooted in the speed at which the home sells and not for what the home sells at. If a Seller enters the marketplace with these expectations understood then we feel they will be pleasantly surprised at the speed at which their home may sell while keeping more money in their pocket by not paying additional lot rent.
The Mobile Home Dealer are licensed mobile home brokers in Sarasota Florida and the surrounding areas. We provide professional buy and/or sell assistance to our clients. If you have any questions, please contact us by clicking this link. You may also visit our Facebook Page and send us a message.
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get a better place in life.
See Also:
- Should You Sell Your Sarasota Mobile Home In “As Is” Condition?
- How To Budget For Your Sarasota Mobile Home With Rising Lot Rent?
- Buying More Than One Sarasota Mobile Home In The Same Park? Read This First!
- How To Budget For Your Sarasota Mobile Home-Roof Repairs
- Is It A Good Idea To Buy A Sarasota Mobile Home Fixer Upper?