Relocation is a complex task that requires careful coordination. We get local Virginia mobile home sellers reaching out to us every week, saying, “I’m relocating and need to sell my mobile home in Virginia.” The good news is that we can help many of these sellers sell their mobile homes quickly (because we’re actively buying mobile homes in Virginia right now!).
There are countless details to manage, along with the stress of whatever is prompting your move—often a new job or a sick relative. The need to relocate typically comes with significant change.
So, how do you navigate this challenging situation?
Don’t Agonize – Organize.
You don’t want to end up paying to own and maintain a vacant mobile home for two years. That can become costly, and it doesn’t have to be that way.
While the market is relatively stable right now in Virginia, conditions can change in an instant. We’ve heard some serious horror stories over the years. Unless you have deep pockets, you probably can’t afford to wait it out.
So, how do you make the right choices when you’re relocating and need to sell your Virginia mobile home fast?
Relocating and Need to Sell My Mobile Home Fast in Virginia… Your Options and Steps
First…
- Find out what your mobile home is worth: You can contact a reputable real estate agent or connect with us for a no-cost, no-obligation valuation of your property. Knowing what your mobile home can sell for in the current market sets the foundation for how long you may be willing to hold onto it.
- Decide how quickly you need to sell your mobile home after relocating: This is crucial. We’ve seen professionals who moved out of state for a job leave their mobile homes on the market for over a year, ultimately selling for a much lower price than expected. Determine how quickly you need to sell your mobile home and how long you’re willing to keep making mortgage payments, insurance payments, etc.
- Find a reliable real estate agent before you start packing boxes: Get the process started early to avoid wasting time. Every month that you wait, or every month it takes to sell your mobile home, costs you money. If you prefer not to use a real estate agent, we are a reputable local mobile home buyer and would love to make you a fast, fair all-cash offer. Just fill out the form through this link to get started >>
- Calculate the value of selling your mobile home fast vs. “waiting it out” for a dream price: We all want to sell our mobile homes for as much as possible. However, many forget to consider the costs of holding onto the mobile home. These expenses include the mortgage (especially if you’re still in the first 10 years, where most of your payment goes to interest), insurance, taxes, maintenance, etc.
For example, let’s say you want to sell your mobile home for $200,000, with a mortgage payment of $1,200/month, taxes of $200/month, $100/month for insurance, and $100/month for maintenance (lawn care, repairs, etc.). Those expenses add up to $1,600/month in “non-equity building” costs.
If it takes you seven months to sell that mobile home through a real estate agent for $200,000, you’ll incur $11,200 in DIRECT “holding costs,” plus around $12,000 in real estate agent fees (assuming 3% for both the buyer’s and seller’s agents). That totals $23,200 in lost money. This doesn’t even factor in the value of your time, the stress of the property sitting on the market, or the opportunity cost of what you could have done with that extra money during those seven months. So the real cost to you could be closer to $30,000.
But what if you sold your mobile home next week and avoided all of that? Even if you sold at a discount (let’s say $175,000), you’d still be ahead by selling to a buyer like us now instead of waiting seven months for full price and incurring holding costs and real estate agent fees. Makes sense?
- Take action! Whatever you decide, make a choice and act on it. If you want to go the real estate agent route, great! Find a reputable local Virginia agent. If you’d rather skip the wait and avoid real estate agent commissions, consider selling your mobile home to us.
If you have plenty of time and an exceptional property, you might test the market by pricing it high. There’s a chance someone might fall in love and be willing to pay more—people do some crazy things for love.
However, most properties are fairly average, much like the people living near them. Unless your mobile home is truly exceptional, you won’t maximize your sale price by pricing it at the highest point.
You can also increase your chances by marketing your mobile home for rent and sale simultaneously to see what happens first. Maintaining control of the process is essential, as it can confuse even seasoned real estate professionals.
In some situations, we may partner with mobile home owners to secure lease-option agreements, allowing qualified buyers to rent before buying.
In other cases, we may assist in renegotiating a loan, making monthly payments, or conducting a short sale with a bank.
We love helping people solve complex problems. Creative solutions can bridge the gap to get you where you need to be.
Who Is True Prevail Ventures and How Can We Help You if You’re Relocating and Need to Sell in Virginia?
We’re investors dedicated to supporting our community by buying mobile homes from Virginia owners who need to sell quickly for various reasons.
The types of sellers who tend to work with us include those who:
- Need to sell fast (we can close in as little as 7 days if necessary)
- Want to avoid the hassle of listing with an agent
- Don’t want to pay real estate agent fees
- Are unable to sell their mobile home for one reason or another (we buy mobile homes in as-is condition)
- And many other reasons
We’re passionate about the Virginia community. We pride ourselves on being honest and straightforward. We’ll offer you a fair price and can close quickly with cash.
If you’re prepared to wait and can hire professionals to assist, you can manage the sale of your mobile home from a distance. In some situations, that risk can pay off.
We’re happy to help you find answers to your toughest questions about your Virginia real estate. Please feel free to call us at 703-540-0955 and chat with us anytime