How Much Will Listing Your Mobile Home Really Cost in Grand Terrace?

If you plan on listing a Grand Terrace mobile home, there are costs to think about before you list, during the listing process, once an offer has been made and when you find yourself at the closing table. In our most recent post, we will take a look at some of these listing costs so you can decide if a direct sale of your property would be the optimal choice for your situation. 

The price to sell a manufactured home in Grand Terrace can fluctuate greatly. It all comes down to the propperty itself, the needed repairs, the location, etc. Each agent will work a bit differently. Some will charge you for things, while others are “all-inclusive.” Before you commit to an agreement, find out what listing your mobile home in Grand Terrace will really cost you!

Upfront Costs

Before you even talk to a realtor or get started on a listing, you will need to take care of the following items. Some you can do yourself, while others you might have to pay for. You might not need all of these things, but they are all important to think about.

Cleaning

To create an environment that is attractive and welcoming, you will want to make sure the house is clean. You can do a decent job yourself, but bringing in a professional to do a thorough cleaning of the house from top to bottom, can make the whole property look different. If you aren’t replacing the carpets or flooring, you will want to pay to have a professional clean those as well. Don’t forget about the lawn maintenance outside.

Storage

While cleaning the home, it is a great time to pack away all of your unnecessary things. People don’t want to see personal possessions or clutter when touring your home, so you will want to be certain that everything is packed away. You might need to consider an offsite storage space or pod to hold your items until you have moved into a new house.

Repairs & Upgrades

You will want to repair anything visibly broken or worn. This includes fixing and painting walls, replacing cracked tiles and smoothing floorboards. You might also take this chance to make minor upgrades such as new fixtures or hardware. Spending money on these things can help improve the value of your home. You just need to be comfortable paying upfront costs.

Landscaping

You can’t have a beautiful listing with an ugly yard. The front yard is the first thing people will look at. This should not only be cleaned up but also used to showcase your home. Many people will add plants, flowers, new doors or fencing to make their curb appeal jump out at people.

While The House Is Listed

While the property is on the market, you will still find yourself paying to have it for sale. There are many expenses you will be paying during this time that you could avoid with a fast and direct sale upfront.

Monthly Costs

While the mobile home sits on the market you will still need to pay the monthly utilities and space rent. Even if you have moved out of the house, you still need to keep the water and electricity on for people viewing the home. You will also have to continue paying the homeowner’s insurance and property taxes up until the day of closing. You will also need to continue taking care of the cleaning and routine maintenance of the home. With many properties sitting on the market then having to go through escrow, it could be months until the manufactured home has officially closed. During this time, you could be out thousands of dollars you could have otherwise kept in your pocket.

Marketing

Some agents will include great marketing, while others will not. To successfully list your house, you will want to ensure there are great listings and great photography of the home. Some people are even paying drone photographers to capture their homes from above.

After An Offer Has Been Made

Once an offer has been made, and accepted, you will still be responsible for the insurance, utilities, and taxes up until the day of closing. Depending on the lender this could add several weeks to your timeframe. In turn, adding more money you are paying to still hold on to the home. Most offers are contingent on an inspection and appraisal process. You can avoid the below costs with a direct offer from a company who purchases as-is.

Negotiated Repairs

Once the inspection has been completed, you might have to negotiate repairs based on how vital they are. If there is a major problem with the house, the potential buyer will likely request it be fixed before going through with the sale. (The bank isn’t likely to fund a loan for a damaged property either.) If your buyer decides to cancel the offer, you will need to disclose the needed repair to all possible buyers going forward.

At The Closing Table

Commissions

Once you are signing final sale paperwork, it is also time to sign over a check to your agent. This will typically run about 6% of the final sale price of the home.

Closing Costs

Many extra fees are lumped together as closing costs. These consist of document filing, title search fees, credit check costs, transfer taxes, property taxes and more. On average, this will run you another 2% of your final sale price.

Once you add up all the costs, you can see that listing may not be the right option for every property. Many people find greater benefits by choosing a direct sale! Run the numbers for yourself, and choose the option that works best for you!

Interested in selling without the traditional listing costs? We can help! Send us a message or give us a call today! (909) 255-9212

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