What Does Buying A Sarasota Mobile Home In “As Is” Condition Really Mean?

What Does Buying a Sarasota Mobile Home in “As Is” Condition Really Mean?

What does it mean when you are buying a mobile home and the seller states that the home is being sold in “as is” condition?

Although this question may seem very direct, there continues to be quite a bit of misunderstanding from both the Buyer and the Seller when referring to a home being sold in as-is condition.

With rising real estate prices throughout the area and nationwide, every Seller wants to take advantage of the hot market to make a profit off the sale of their mobile home.

One of the most common questions mobile homeowners will have is whether they should sell the home in “As Is” condition or fix every little thing wrong with the property to get the most money possible.

“As Is” condition means selling the home exactly as it sits. Nothing will be fixed, no warranties of any kind are provided or implied, and nothing in the purchase agreement requires the Seller to do anything to the property once it is sold.

To put it directly, in an As-Is mobile home sale, what you see is what you get.

Many times, Sellers want to sell their home exactly as it sits. If there are issues or repairs that need to be done or furniture that needs to be removed, they are not usually willing to do these actions.

This does not mean, however, that the home and price are both as-is.

Many times when a Seller states that the home is being sold as-is, they are usually willing to do some type of price concessions or discounts for items within the home that may be damaged or need fixing.

If you are selling a mobile home in as-is condition and have informed your sales agent of any problems you are unwilling to fix, that’s fine—just make sure your agent knows about them so they can inform the Buyer.

We at The Mobile Home Dealer always aim to provide a transparent experience for both the Buyer and Seller. We rely on the Seller to inform us of any and all issues within their home before taking it on as a listing. We will disclose all issues to the Buyer so that they know exactly what is going on before making an offer.

Most Sellers are not looking to put any more money into the property before selling. Some may clean it or do general upkeep, but if there are other issues such as broken appliances, windows that don’t shut, or soft spots in the floor, don’t expect those to be fixed by the Seller.

When you are buying a mobile home, it’s important to understand that when purchasing a property in “as is” condition, you agree to take on some of those repairs.

It’s a good idea, however, to work with the Seller on the actual price of the home if you plan to fix those items. A price concession or discount can often be negotiated.

We at The Mobile Home Dealer believe this straightforward, honest approach works best for both Buyers and Sellers.

We support selling homes in As-Is condition because many repairs the Seller may think they need to do will not translate into extra money at closing.

Many Sellers believe that fixing items will increase the sale price enough to cover costs and make a profit, but this is often not the case.

For example, a Seller recently rescreened their lanai expecting to recover all costs and make several thousand dollars more because of the upgrade—but this thinking is false and doesn’t help sell the home faster.

If there are issues with your mobile home, communicate them with your sales agent so they can properly present the property to Buyers. Being upfront helps agents explain both the pros and cons to potential Buyers.

Working openly and honestly will create a win-win situation for everyone involved in an as-is sale.

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

What Does Buying A Sarasota Mobile Home In “As Is” Condition Really Mean?