Sell your mobile home with the right kind of buyer – those who are knowledgeable about real estate, have a vested interest in buying mobile homes, and will put your property to good use.
It’s hard enough to stay level-headed when you’re going through one real estate transaction (buying or selling property), but when you’re trying to buy and sell at the same time… It’s super stressful! If it’s not timed right, you could be faced with the situation where you have two mortgages or you’re scrambling to find a temporary place to stay.
Using top agent insights, here are 4 tips that’ll help you keep your cool during this whole process.
1. Find a Realtor
The very first thing you’re going to want to do is to find a realtor. You’ll want to take your time in doing this because not every realtor is going to be a good fit for your situation. You’ll want to ask others for recommendations, make calls to prospective agents, interview them, and so forth. We strongly recommend that you start looking at realtors at least a month or so before you’re actually ready to sell/buy. Our flexible buy program, we buy homes San Diego provides our customers with the ability to close on the date that works best for them. whether that’s seven days or seven months.
2. What Happens First?
When you talk to your realtor, you’ll want to ask them what is the best course of action: should you start looking for a house before listing your property or should you list and then look. This is a tough decision because buying and selling in the housing market strongly favor sellers right now and your home could sell faster than you think.
From the buyer’s side of things, you’re going to be up against a lot of other buyers and you’ll need to figure out a game plan because they’re pulling out all the stops to submit the best offer.
This is something that your real estate agent can help you determine which option would be in your best interest. The agent you choose will know the area, they’ll know how quickly properties sell and what the competition (other buyers) looks like.
3. Have Funding
As with anything else, you need to think about how you’re going to pay for this new property. If you’re selling your house, you could use that money to put down a sizable down payment or even pay for the property outright. However, if you need to finance the purchase, you’re going to want to get pre-approved for a mortgage before submitting an offer.
A pre-approval letter tells you how much you can spend (although we don’t recommend spending the whole amount) and it also shows the seller that you have the funds necessary to go through with the transaction.
4. Figure Out a Backup Plan
As much as we want to believe that it’ll be a piece of cake to buy a house and sell your current one, that’s not always the case. You have to plan for the in-between should you be unable to have both transactions wrapped up at the same time (or close to it). You need to plan to have enough money saved up to cover the bills for two properties if your home doesn’t sell right away. You’ll also need to have a plan of where you’ll be staying if you sell your house before you can find a new one.
Managing Your Expectations is Key
Buying or selling a house alone is stressful, but when you have to do both at the same time, it’s very possible that you’ll feel like you’re in over your head. Thankfully, a top-rated real estate agent will be able to help you throughout this journey. You can turn to them if you have any questions or concerns. You can ask them for their advice about how to submit a winning offer and how to maximize your profits when you sell. However, the one thing any realtor will tell you is to manage your expectations because there’s always a possibility that there’ll be a few bumps along the way.