If you’ve ever considered selling your manufactured home, you have undoubtedly heard the old adage to wait until spring to put it on the market. After all, your home looks its best when the trees are in bloom, the snow has melted, and the mud puddles have dried up. And, we all know how important that “all-important” curb appeal is to potential buyers.
A Different Mindset
On the other hand, as Norman Vincent Peale said, “If you put off everything till you’re sure of it, you’ll never get anything done.” Here, then, are the reasons why now is the time to put your manufactured home with land on the market, despite, or maybe even because of, the record lows.
● Today is a seller’s market. Home sales have been brisk, and this is only expected to continue into 2018…or not. Most of us remember the years preceding 2008 when sellers could expect multiple offers on the table the first week their home hit the market. And then the bubble burst and the subprime mortgage crisis left millions of homeowners wishing they had put their house on the market when they had that first inkling that the economy was not in the best of shape. Don’t wait. If you’re considering putting your home on the market, now is the time. Over 5 million homes have gone into foreclosure since the crisis began.
● You’re beating the misinformed people that are waiting until spring to sell their manufactured home. There is a direct correlation with the end of winter and the number of homes on the market. Spring will, undoubtedly, see a strong influx of manufactured homes with land up for sale. While it may be true that at one time most buyers waited until spring to look, all that has changed with our digital technology. People are receiving updates every day. If they see what they are looking for, they will jump on it now in hopes of making an offer before the tidal wave of home “lookers” enter the fray in April. Less competition equates to greater demand.
● The end of the year and tax time elicits a course of action in those needing the tax implications of home ownership. In addition, with the uncertainty of the tax bill looming, your mortgage interest deduction may end up being reduced.
● Interest rates are on the rise and, with the increasing need to normalize our monetary policies, they are expected to continue in an upward fashion. This is causing an influx of buyers that are ready to strike while the “iron’s hot.”
Land Home Buyer
At Land Home Buyer, we make selling your manufactured home as easy as filling out a short online form or if you prefer, you can call us at 1-866-652-5263. You’ll receive a purchase offer within 24 hours. If agreed upon, we’ll let you pick the closing date, conduct a final inspection, sign the final escrow documents and hand over the funds. But wait! …There’s actually more. In order to make this sale and move as easy and stress free as possible, we will then help you move your possessions to your new abode for free. Call us for a fast, competitive cash offer before you spend time, money and commission fees listing your manufactured home.
Fisher, Daniel. Don’t Blame Subprime for the Foreclosure Crisis–It’s About Home Values, Period. Forbes. 06/2015.