As a snowbird retreat to escape the bitter winters, a summer getaway to escape the heat, or as a principal home to enable you to put money in the bank, living in your mobile home has given you a comfortable, modest lifestyle. However, you may be prepared to move on and are starting to wonder how to sell your mobile home in North Carolina.
Whatever the reason, in order to achieve the maximum return on your investment, you must be clever and strategic in your approach. To maximize the likelihood of a successful sale of a mobile home in North Carolina, abide by following professional advice.
To Sell Your Mobile Home as Personal Property, Gather These Documents
You’ll need these papers when selling a mobile home as personal property:
- Change in Title: You will apply for a transfer of title and sign your current title on to the buyer. If you’ve misplaced it, you’ll need to request a duplicate or replacement title from the tax collector or DMV.
- Sales invoice: In order to sell a mobile home, your town and the buyer’s lender often require a bill of sale.
- Lenders typically want a notarized title transfer with both the seller and the buyer in attendance at the time of signing. For more information on requirements, contact your local tax collector or department of motor vehicles.
- Taxes: When you sell your mobile home, you’ll need to show proof that all of your taxes have been paid in full. In Georgia, owners of mobile homes must pay a personal property tax, whereas, in other states, there is an annual registration charge for personal property.
- You must present a Certificate of Occupancy (CO), which serves as evidence that your house conforms with all applicable laws. The CO also certifies that the electrical wiring complies with all fire codes through a fire safety check.
Work With a Top Nearby Agent Who Has Sold Mobile Homes Before
Working with a top local real estate agent can help you get through problems like contract repairs, negotiations, disclosures, upgrades, necessary housing improvements, and marketing so that you can quickly reach the closing table, even though selling a mobile home has its own unique set of difficulties.
Based on the Neighborhood and Potential Buyers, Choose Your Home’s Price
Because a mobile home is 50% less expensive per square foot than a stick-built home, consumers may afford your mobile homes.
However, the housing market’s lack of supply has contributed to mobile home values rising, which is excellent news for sellers. The average cost of a manufactured home climbed from $81,900 in 2019 to $87,000 in 2020, according to the U.S. Census Bureau.
Understanding your customer base is important, particularly when it comes to marketing. Retirement residents who reside in 55+ communities or families that reside in all-age mobile home parks may be drawn to leased and land-owned park communities.
How to Finalize a Mobile Home Deal
It will be time to close once you find a qualified buyer, go through the inspection procedure, and secure money. Your closing procedure will resemble that of a regular home if you are selling the house as well as the land beneath it; if you are simply selling the house, it will be more like selling a car.
In either event, once the money has been exchanged, you will transfer the title to the new owner. When the title is transferred, if you are performing owner financing, make sure your name is listed as a lien holder. The lien will only be removed once the debt has been paid out in full.
For many people, selling a house in North Carolina can be difficult, especially if they don’t know how to do it correctly. Making a mistake could make the procedure more difficult and time-consuming.
If you follow the steps necessary before selling your mobile home, it can be simple and quick. Before you list your mobile home for sale, take care of any maintenance concerns, talk to experts who are more knowledgeable about selling mobile homes, set an affordable price for your property, and make a plan. You can sell your mobile home quickly by taking part in online auctions, selling through a real estate broker, or marketing it both online and offline.