How do you decide whether you should be selling your manufactured home alone or with a realtor specializing in those types of homes? There are pluses and minuses to each approach. Let’s look at some of the key ups and downs. Only you can decide which approach has the most pluses in your situation.
Why go FSBO?
FSBO stands For Sale By Owner and tells buyers you are not using a realtor to represent you. The biggest upside to going FSBO is you save money in realtor commissions when you sell the property. This may seem obvious, but the savings are very real.
The downside to going FSBO is it takes your time to market and show the property. (Youll need to prepare your property for sale in either case, but that’s a whole separate topic.) You also need to be familiar with how the real estate sales process works in your part of the country. It isn’t necessary to be an expert; just make sure you understand what things one must generally deal with a real estate sales transaction.
Also, its important to have access to the helpers you need. Examples include a lender who is willing to qualify your prospective buyers, someone qualified, and willing to draw the sales contract and a person or firm qualified to close your sales transaction. Fortunately, there are many lenders and settlement offices willing to work directly with the principals to a transaction. And, for the brave and hopefully, very experienced, there are on-line, fill in the blank, sales contracts.
Why use a manufactured home real estate broker?
Does the above discussion leave you feeling insecure instead of alert, thoughtful, and excited? If so, you probably want a real estate broker to sell your manufactured/mobile home for you.
Other instances when you may want to use a manufactured home real estate broker include:
- Inexperience – If you have not had much experience buying and selling manufactured/mobile homes, a broker may be the answer.
- Local Conditions – Are you aware of the unique issues and regulations of the geographic location? Its possible you may want a broker.
- Time, Time, Time – If your profession provides for you and your family very well, but takes up enormous amounts of your time. Then its possible you may want a broker to handle all aspects of the selling process.
- Marketing – If you not sure about how you’d go about marketing your home using the Internet, magazines, newspapers, bulletin boards, brochures, signs, word-of-mouth, etc., a manufactured/mobile broker can get you the marketing exposure you need.
The Right Choice?
Selling Your Manufactured Home Alone or with a Realtor? There is no one right choice. Only you can decide what’s best for you. Hopefully, this short article provides a few of the pros and cons that will get you thinking about what works best for you.
