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However, it is advisable to have your mobile home appraised by a professional and licensed appraiser. The cost of appraising a mobile home is between $200 and $300.
Once you have determined the selling price, you should write an advertisement. This advertisement should begin with the letter “A” as newspapers tend to place ads alphabetically. This way your advertisement will get top position and it will be seen by more people. Make sure your ad mentions where the mobile home is located. You should be prepared to give people directions and timings to come and see your home.
It also helps to purchase a “For Sale” sign for the windows of your mobile home, especially the windows that are street facing. Buy another sign for the yard and make sure you put your phone number so that potential buyers can call you and easily find their way.
If you mobile home is less than 6 years old, the finance company will usually be willing to provide a home warranty should a potential buyer require it.
Before the first potential buyer comes, make sure you have the contract form and loan application available. This is especially for buyers who want to buy your old mobile home on the spot. Should a buyer want finance, have details of the mobile home banker handy so that you can refer them to the banker.
It is best not to let the buyer take over your current loan because if the buyer fails to make the payments, you will be held responsible until the loan is cleared off and this could adversely affect your credit rating.
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