Selling your manufactured home offers many options in itself that guarantees a good purchase. When in the process of selling, it is highly important to know about the various options available. This will enable you in effectively tackling the entire process of selling the home with any type of buyer.
The timeframe is another important factor to consider when selling your home. Apart from that, here are some of the important guidelines to follow in effectively selling your manufactured home.
Selling for Cash
Cash payments are one of the most sought over ways for selling a used manufactured home. If doing so, it is required to verify if the buyer has the necessary funds available for purchasing the home. After reaching an agreement with the buyer, make sure to receive a deposit before handing over the keys.
The buyer should also seek out approval from the manufactured home community for living at the location. Remember, the necessary arrangements have to be made for returning the deposits in case if the application process fails.
All the other kinds of dealing should be sought out with the park management to make matters more clear. This is particularly relevant if the buyer intends to move the home out of the location, as many communities require a thirty to sixty day notice period.
Selling on Payments
Selling on payments is the major option used by most homeowners instead of collecting the cash. When selecting this option, many terms need to be strictly followed, which needs to be stated in advance for the buyer.
Getting the substantial down payment from the buyer in advance is one among them. The other relevant details like payment amount, interest charged, and length of the terms must be stated beforehand.
When selling the home in a community, make sure to include a written statement in the agreement that the home must stay at the current location until it is paid off. This is highly important, since any attempt to move the home during the middle of the agreement will result in the deal being violated.
Selling to the Manufactured Home Community
Selling the home back to the manufactured home community is another option to consider. This is because most communities are never interested in removing the homes from the property and will buy it instead.
It has many advantages for the seller as well. For starters, sellers get a quick sale with the company and can the most preferred method if the homeowner wants the manufactured home sold right away.