Now is the time to sell your unwanted manufactured house in Charlotte to take advantage of the low-interest rates!
The number one thing that will sell unwanted trailer is to offer it for sale at an appropriate asking price. Spend some time and research the recent comparable sales in the close area to the trailer. Make sure to analyze all aspects of the trailer: whether or not it has a pool or access to a body of water or canal, the year the trailer was built, the proximity to shopping plazas, grocery stores, or other points of interest in the neighborhood. Determine the appropriate asking price by using the most recent sales possible, preferably in the past 6 months. If there are no recent comps in the offer, consider using other properties in the area and subtracting or adding value based on features that your trailer does or does not have. If you offer the trailer for sale too far below market, then buyers might believe there is something wrong with the trailer.
Sell to a Mobile Home Buyer
If you are in an urgent need to sell your manufactured house in Charlotte, selling to a professional mobile home buyer might be the option for you. They usually provide cash offers with an extremely quick closing time frame and may or may not require an inspection first. The mobile home buyer will usually have a large network of investors with multiple portfolio types and can easily add your trailer to it. You can use this quick cash to have your down payment for your next trailer to take advantage of the low-interest rates.
Offer Mobile Home Owner Financing
There are many future buyers that are looking for a lending alternative who may not have the best financial history on paper, but are honestly trying to improve their situation. Offering rent to own might be a great option to open up your manufactured house to more buyers, just make sure to do a background and reference check. Owner financing would also be a great option if you are looking for long term monthly payments. This would be a great option if you already have the down payment for your new manufactured house.
Find a Trailer
It is important to do research on your next purchase before jumping into something to take advantage of the low-interest rates. Check out the schools, entertainment, access to shopping and groceries. Check that the taxes are paid, check the zoning, verify if the trailer is in a trailer owners association, this will cost you over time and eat into your rental profits. Make sure you conduct an inspection of the manufactured house you are interested in, most lenders will require this anyway. You want to make sure you pick a manufactured house with a good structure, a comfortable floor plan, and some curb appeal.
Find a Mortgage
The mortgage rates are at a low point right now, take advantage of this opportunity! Lower interest rates mean the lenders are more willing to originate loans. Shop around different mortgage companies to find the best rate you can get with your financial situation. Keep your credit score in mind, and contact multiple lenders to see what they can do for you. Choose the lender that has the lowest interest rate with the length of payment and type of loan that works for you and the trailer you plan on purchasing. Having a pre-approved letter in hand will give you the advantage when making an offer on your new manufactured house.