How To Best Secure The Sale Of Your Sarasota Mobile Home!

How To Secure The Sale Of Your Mobile Home?

When selling a mobile home in Sarasota, Florida, is there a way to secure the sale so that the Buyer does not walk out when the closing date approaches?

We have been asked this several times by Sellers who have looked to us, at The Mobile Home Dealer, to help sell their mobile home fast. I thought we should discuss this briefly today so that you all have a better idea of how to set yourself up for success when selling your mobile home.

When selling a mobile home on leased land, as we have discussed in the past, we are selling essentially a used car, as the mobile home carries with it a title and not a deed with the ownership of the property. As such, the closing can happen just as fast as the Seller and the Buyer want it to be completed.

We have seen that often times when the Seller looks to sell their home themselves they have a Buyer who will make an offer on the home that they will accept and then there is this really long time between the accepted offer and a closing.

Unfortunately, we have seen it happen many times that this long delay then creates a situation where the Buyer winds up walking from the sale and leaves the Seller holding the bag, in this case with a home that they haven’t sold yet!

What we do at The Mobile Home Dealer is something that very few, if any, firms in the area do.
We require a non-refundable $3,000 deposit be put down in the home at the time of the accepted offer.

Some other firms or independent agents will require a small earnest money deposit, if any money at all, of usually a couple hundred bucks, but we do not feel that this is enough of a commitment from the Buyer to the Seller when they are looking to tie up somebody’s house.

The $3,000 is applied towards the sale of the home and the Buyer has two weeks to get the rest of the money together for closing unless the Seller needs additional time to move out of the property, of course. If an immediate closing is available for both the Buyer and the Seller, we will push to do that for everybody involved just so it’s taken care of nice and fast.

By keeping this time frame as best as we can we can assure the Buyer that they will get into their new home in a timely manner while at the same time providing the Seller with assurance that they have a Buyer ready to purchase their home who already has some skin in the game right from the start.

Many times when Sellers look to sell their mobile homes they do not require any money down which then provides no deterrent whatsoever to the Buyer if they want to back out of the purchase.

Requiring a non-refundable deposit to be put down on the home forces the Buyer to act quickly with a larger sum of money further making them commit to the purchase of the home from the Seller.

If the Buyer backs out then the down payment is lost and we, at The Mobile Home Dealer, will split that $3,000 with the Seller.

I cannot suggest enough that requiring the Buyer to put down a non-refundable deposit is the way to go when selling your mobile home as by doing this you as a Seller are forcing the Buyer to commit to the sale before starting to pack your belongings or order that moving truck!

This is Mark Kaiser with The Mobile Home Dealer, and we help mobile home Buyers and Sellers get to a better place in life.
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