One of the most common questions mobile homeowners will have is whether they should go ahead and sell the home in “As Is” condition or should the Seller look to fix every little thing wrong with the property to get the most money possible for their mobile home.
When looking to sell your mobile home, every Seller wants to retain as much money as possible when it comes to part ways with their Sarasota mobile home.
With continuing real estate prices throughout the area and nationwide, every Seller wants to take advantage of this hot market to try to make a profit on the sale of their mobile home.
“As Is” condition is the term that is used in the mobile home industry to sell the home exactly the way it sits. Nothing is going to be fixed, no warranties of any kind are provided or implied, and nothing will be negotiated in the purchase agreement that will require the Sell to do anything to the property once it is sold.
To put it directly, in an As Is mobile home sale, what you see is what you get.
Many times, Sellers will entertain the idea of fixing all of the little things that are wrong with their home in an effort to get more money for their property or hoping that fixing these items will help them sell their home faster.
Although we here at The Mobile Home Dealer can certainly appreciate the efforts and forward thinking of these Sellers, we feel that in our experience, selling the mobile home in its exact condition will be the best decision for the Seller.
We support the idea of selling the home in As-Is condition because many of the fixes that the Seller may feel they need to make will not translate into any more money for them at the closing table. Many times, the Seller feels that if they go forward and fix worn-out or broken items throughout their home, not only will they get back 100% of the cost of these repairs but also look to profit from them.
Just last week, we had A Seller who decided to rescreen their lanai. When they did, they not only expected to get all of their materials and labor reimbursed but also decided that they wanted several thousand dollars on top of these amounts because it was a new upgrade to the home, whereas their neighbors did not have these upgrades done.
This is false thinking, and it will not lead to the home selling any faster regardless of what type of market the mobile home industry is currently in.
If there are issues with your mobile home when you go to sell the property, communicate these issues with your sales agent so they can communicate them with the Buyers to present the property properly. Being upfront with your sales agent will help them explain the pros and cons of your home to all the potential Buyers.
If you are looking to sell a mobile home in as-is condition but have informed your sales agent of any problems within the home that you are unwilling to fix, that’s totally fine. Just make sure you inform the agent of what the problems are so they can point them out to the Buyer.
We at The Mobile Home Dealer always want to provide a transparent experience for both the Buyer and the Seller, and we will rely 100% on the Seller to inform us of any and all issues that exist within their home before taking on the home as an active listing within our brokerage firm. We will then disclose all these issues to the Buyer so that they know exactly what is going on with the home before they make an offer on the property.
We, at The Mobile Home Dealer, feel that this is the best way to work with both Buyers and Sellers. It’s just a straightforward, honest approach so that everyone knows what they are getting involved in before any offers are made on the mobile home.
Most Sellers, when they are looking to sell their homes, are not looking to put any money into the property to get the home sold. Sure, some of them will clean it out a bit or maybe do some general upkeep to the property. But that’s about it. If there are other issues with the home, such as appliances that don’t work, windows that don’t shut, or some soft spots in the floor, generally speaking, don’t expect those items to be fixed by the Seller for the new Buyer.
We strongly suggest that if you do go ahead and fix the items in your home that are worn out or broken do so with the full expectation that by doing these things, you may only get what you paid for them back to you at closing and not be able to profit on these basic repairs what so ever.
Understanding what work needs to be done and that these repairs will not increase your profit when you sell your mobile home will help you decide whether or not to sell it in As-Is condition.
This is Mark Kaiser with The Mobile Home Dealer. We help mobile home Buyers and Sellers improve their lives.
See Also:
- 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?
- When Is The Best Time To Sell Your Sarasota Mobile Home?
