As of late, trading in your mobile home has become pretty popular.  The dealers make it very simple and straightforward to swap out a used mobile home for a new one.  But there’s a small catch when it comes to valuing the manufactured home.

Most of the time the dealers won’t pay true market value for the home.  Instead, they use the NADA book value and then ask for additional price discounts when your mobile home is not in perfect condition.

So, you have two choices.  Your first choice is to take the value that the dealer gives you and accept the new mortgage and the new mobile home.

Your second choice, which is the smartest choice, would be to get a competitive offer for your mobile home.  Over the last couple of years, we’ve bought quite a few mobile homes from owners that were going to trade them in until they saw our offer.

At EZ Mobile Home Buyer we provide an all-cash offer and will work with you to ensure that you get that brand new manufactured home that you want but you’ll have a larger down payment which makes life easier.

In Texas, there are many trade-in programs in which you can take advantage of but they don’t always offer the highest price and you’ll probably have to make a bunch of expensive repairs.

 

Selling For Cash Versus Trading In

Homeowners looking to sell their used mobile homes are doing so for a variety of reasons. Such as job relocation, foreclosure, health issues, death in the family and wanting to upgrade to a larger house.

Selling your home to a cash buyer is just as simple as trading it in so, don’t be fooled by the quick and easy process of trading in your home.  Go the extra mile and get a second offer from a local company that will buy your mobile home for cash.

No Repairs

Repairs are time-consuming and can be expensive. You may decide to sell your house without making any repairs, but the manufacturer won’t take on trade in if it needs work.  You’ll be responsible for fixing it which means you’ll need the cash to pay for all of the repairs.

That’s why most homeowners work with cash buyers because they don’t have to pay for repairs and they don’t have to wait months to get their new manufactured home.

Common Repairs

1. Replace the carpet
2. Interior paint
3. Interior ceiling paint
4. New plumbing
5. New electrical wiring
6. Appliances
7. Window repair or replacement
8. HVAC replacement
9. Heat pump
10. Water heater
11. Odors or smells from animals, greasy food, or cigarette smells
12. Leaky roof

When you sell your house for cash, you can leave it as-is without making any major or minor repairs.

“My house had some major damage that I couldn’t afford to fix before I sold it. Luckily, EZ Mobile Home Buyer took it the way it was and I didn’t have to worry about a thing.” –Angela S.

No Application Fees, Moving Fees or Paperwork Fees

When trading in your home, you’ll need to factor in the cost of hidden fees which can vary between manufacturers.

But when you sell your home for cash, you don’t have to worry about any of those hidden costs.

“I talked to Jerred at EZ Mobile Home Buyer because I needed money for my house. The offer he gave was the amount I walked away with. I’ll definitely work with them again.” –Brian M.

Forget Long Wait Periods

Just like trading in your home, an all-cash deal offers the seller an easy and headache free way to upgrade your home.

When you sell your home to EZ Mobile Home Buyer, there are no waiting periods. Once the title is signed over we will present you with a cashiers check.

 

Cash Offer For Your Mobile Home

And yes, if you need to sell your mobile home fast, we can do that too. That’s because once you place a call into our office, we’ll dispatch a representative straight away to your property and assess your situation and work with you on the best way to proceed. If repairs are needed, we’ll handle that. Same with quick cash to avoid foreclosure an repossession. No problem is too big or small. We’re here to help.

And if you need more information on these topics or mobile home repossession laws in Texas, follow this link to our Resources Page.

So you want to sell your manufactured home, but you’re not sure where to start. You know you want to sell it the best way possible, the fastest way possible, and with the least amount of headache. But what now?

The first step is to determine whether your home is considered real estate or personal property.  A mobile home that sits on land that you do not own is considered personal property, whereas a mobile home that is properly secured to land you own is considered real estate.

 

Top 3 Ways To Sell A Manufactured Home

The differences are key to note as they determine how your home can be sold. A mobile home that is considered personal property is similar to selling a vehicle, while a mobile home that is considered real estate is similar to selling other single-family homes.

Selling Your Mobile Home as Personal Property

Those who own a mobile home but not the land are likely living in a mobile home park. When selling your home, the park owner will need to be involved as they have a major say in who you can sell your home too.  In addition, the owner has the right to the first refusal, meaning they have the right to buy your home by matching the price a prospective buyer has offered. If they don’t exercise this right, you’ll need to ensure that your buyer is capable of meeting the rules and regulations of the mobile home park.

Selling Your Mobile Home as Real Estate

When the sale of your mobile home comes with land, you don’t have the added burden of ensuring the next owner meets the rules and regulations of a mobile home park. However, the process is more difficult than selling your home when it falls under personal property.

Selling Your Manufactured Home to a Private Party

It’s possible to sell your mobile home to a private party, but be prepared for a lot of paperwork. If you’re selling the home on your own, you’ll need to take on the duties of a real estate agent.  That means handling the paperwork and advertising your home. Depending on the market, your
ability to advertise to the right people at the right time, and other factors, the timeline for selling your mobile home could stretch further than you’d like.

If you work with a realtor, they’ll bring experience and expertise to the situation. But realtors work on commission, and it’s human nature for them to prioritize other higher value homes they’re selling with a bigger commission. This, along with the market, may stretch out the
timeline for selling your home.

Tip: If you choose to sell with a realtor, find someone with experience selling mobile homes.  There are differences between the sale of mobile homes and frame homes, and a realtor experienced in mobile home sales will know these differences.

Selling to EZ Mobile Home Buyer

This is, by far, the fastest and simplest guaranteed way to sell your mobile home. EZ Mobile Home Buyer will purchase your home in its current condition wherever you’re located. You’ll receive an all-cash offer with no financing contingency, and EZ Mobile Home Buyer will close the sale within two to three days.

Worried about all the paperwork involved with selling a mobile home? Don’t be. EZ Mobile Home Buyer will handle all the paperwork on your behalf. And if you’re living in a mobile home park, EZ Mobile Home Buyer will communicate with your park owner to streamline the process and make things simpler for you.

Relying on the market, scrambling to make updates to your home, and worrying about advertising your mobile home making the process much more stressful. With EZ Mobile Home Buyer, you don’t need to worry about all the traditional pieces of selling a home.

If you want to sell your mobile home quickly and without headache, a cash mobile home buyer is your best option.

Life happens, and we can get behind on our home payments. Missing a payment or two isn’t great, but it’s not necessarily devastating. But if home payments get skipped long enough, you may be in danger of having your mobile home foreclosed or repossessed.

Mobile homes may be foreclosed or repossessed, but not both, it depends on whether your home classifies as personal property or real estate.

Is your mobile in a mobile home park or other location where you don’t own the land beneath it and it’s not secured to the land? Then it classifies as personal property and can be repossessed just like a vehicle. If your mobile home is on land you own and is secured to the land, it can be foreclosed on just like other real estate.

Repossession and Foreclosure of Manufactured Homes

Repossession

In many ways, repossessing a mobile home is like repossessing an automobile. Of course, each state is different, and you should research the repossession regulations in your state. Since mobile homes are more difficult to move than a car or truck, most lenders will sell a repossessed
mobile home in its current location.

Repossession is much easier than foreclosure and can happen quite quickly. In some states, as soon as a loan is defaulted on, the repossession can take place in as little as two months.

Foreclosure

Foreclosure is a process that allows the lender to take possession of your property and sell it.  There are two types of foreclosure: a judicial and nonjudicial foreclosure.

Judicial foreclosure

An attorney for the lender will file a lawsuit. You will receive around 30 days, depending on the state, to file a response. If you do not file a response within the set date, or the court decides on the lender’s behalf, the court will grant foreclosure and determine a sale
date.

Nonjudicial foreclosure

Depending on what state you live in, an attorney for the lender will mail you a notice of default detailing how much time you have to get caught up on your payments. Or they may mail you a notice of sale that details when your property will be sold.

How to Stop a Repossession

You can prevent repossession of your mobile home by filing for bankruptcy. Your property will then fall under the protection of an automatic stay, meaning all repossession activity is halted. The court will then determine how much you owe on your home by looking at its value, how
much you owe on your loan, and how long you’ve been paying your loan. They will then come up with a reduced payment plan that will help you get caught up on your payments.

Keep in mind that filing for bankruptcy is a decision that should be given a lot of thought.
Consider if the long-term ramifications of filing for bankruptcy are worth it.

How to Stop a Foreclosure

The only way to stop a foreclosure is to come up with cash. Depending on the state you live in, there may be a redemption period for a foreclosed homeowner. After the foreclosure sale, the homeowner can reimburse the buyer for the full amount paid at the sale, or repay the lender the full amount of their debt. Again, not every state has this option, so review your state’s regulations.

Tip: Before you get to the point of fearing a foreclosure or repossession, talk with your lending company. Let them know what’s going on and why you won’t make your payments. Many lenders are willing to work with you. It helps to be forthcoming and transparent with your company before you start missing payments.

Stop The Foreclosure Process With EZ Mobile Home Buyer

Once you’ve been notified that you’re behind on payments and repossession or foreclosure is possible, contact EZ Mobile Home Buyer.

EZ Mobile Home Buyer will purchase your property before a repossession or foreclosure ruins your credit and limits you from purchasing another home for 3 to 5 years. They will pay off the debt, interest, and any fees. In some cases, you may even walk away with more money than before, giving you a chance to get back on your feet.

Don’t worry, you have options.  We buy mobile homes in Austin, Dallas, Houston, and San Antonio on a monthly basis so that you can sell your home in a timely manner.