Who are the cash buyers for mobile homes?
Who are the cash buyers for mobile homes?
A mobile home buyer is an investor or investment company that specializes in the purchase of mobile homes with an intent to rehab, rent, or sell. These are fast cash buyers and can usually close a deal with a single meeting. The cash buyer for mobile home trailers should be able to answer your questions about the simple process.
Do you need a down payment to sell a mobile home?
When you sell to a payment buyer you will want to make certain you collect a large enough down payment to help ensure the buyers do not default on you and leave your home. Plus a buyer with cash to put “down” shows much higher quality, interest, and responsibility than a buyer with zero dollars in savings.
What should I do if I want to sell my mobile home?
If you are selling a mobile home in a park for all cash then you will want to verify the seller has all his/her funds available to close. This also makes certain the buyer is serious and not wasting your time. 6. Follow up with your buyer.
What kind of financing do I need for a mobile home?
Owner financing: If your buyer has the cash for a down payment but not the credit score (or willingness) to take out a loan, you can finance the purchase. The way it works is the buyer gives you a down payment, and you agree on repayment terms for the rest of the loan.
Can you use a mobile home buyer that pays cash?
Using a mobile home buyer that pays cash means you can skip home inspections, costly repairs, realtor commissions, and other expensive fees. Simply sell your house for cash. It really is as easy as that. Be careful though, because you can’t trust all-cash buyers.
If you are selling a mobile home in a park for all cash then you will want to verify the seller has all his/her funds available to close. This also makes certain the buyer is serious and not wasting your time. 6. Follow up with your buyer.
How big of a loan can I get for a mobile home?
You likely need decent credit, and rates might be higher than a mortgage — but the lender won’t care how you spend the money. Buy a mobile home even if it doesn’t conform to traditional mortgage standards, like being more than 400 square feet or it was built before 1976. Maximum loan amounts are up to $50,000, but can be as high as $100,000.
Who are the best people to buy a mobile home?
Mike, Bryce and Stephanie did an outstanding job on the purchase of my home. Mike was totally upfront and honest about what they could give me; and Bryce and Stephanie got on the paperwork and my payment in a hurry.