Thinking of selling your Montreal-area mobile home? In our latest article, we detail what advertising your mobile home or selling it to an investor at Montreal means to someone in your situation!
When it comes to selling your mobile home, you need to know what’s involved. It can take months to advertise your home with an agent, which will prevent you from making the profits you could by selling directly to a buyer. Below, we discuss the pros and cons of these two types of sales in the city of Montreal.
Advertise your mobile home
Pros
An agent will give you a hand – You won’t have to deal with marketing and visits alone. Your agent will take care of advertising your home online. However, it’s quite possible that he won’t be as invested in selling your mobile home as he would be if he were selling a single-family home, since his commission will be considerably lower.
A wider audience – Since your home will be advertised on a real estate agency’s website, it will be seen by a larger number of people, including agents who are looking for properties for their clients.
The cons
Wasted time – No matter what property is advertised, there are no guarantees when advertising a Montreal home for sale. You may have to wait several months before finding a buyer. What’s more, there’s no guarantee of the sale price. You may have to reduce the price of your home. Don’t forget to take this into account.
Expenses – When you list your home for sale with an agent, you’ll inevitably have to make some repairs to the house. These can be expensive, and you’ll have to pay for them before you even advertise your home. It also costs you money to own the house. If your property is advertised for a long time before you manage to find a buyer, maintenance costs will pile up. You’ll also have to pay your agent a commission and administrative fees.
Showings – When your home is advertised on the web, potential buyers will want to see it. This means you’ll need to keep it clean and ready to be visited at any time by last-minute visitors. It can be very inconvenient to have to pick up and leave the house every time someone wants to visit, but you don’t want to make potential buyers uncomfortable either…
Sales that slip through your fingers – If your buyer needs to obtain a mortgage in order to purchase your mobile home, an appraisal may be required by the bank. If the estimate is not high enough, the sale may be cancelled. This can be extremely frustrating for an owner who has already been waiting for months.
Selling your mobile home directly to a buyer
Pros
No wasted time – By selling your mobile home directly with Vendre Maison Vite, you won’t have to worry about wasting time. We can close the sale in just a few days if that’s what you want.
No expenses – You won’t have to renovate, pay expensive commissions or spend money promoting your property on the market. What’s more, you won’t have to pay your mortgage, electricity, insurance or any of the other monthly expenses associated with your home.
No visitors – You won’t have to prepare your home for visitors. In fact, you won’t even have to clean up. We want to make selling easier for you. We’ll take care of everything.
A guaranteed sale – By selling your mobile home directly
à Vendre Maison Vite, you won’t have to worry. We already have the money in hand and can buy your home quickly. The sale is therefore not dependent on the granting of a bank loan.
A specific closing date – When you agree to sell us your mobile home, we’ll offer you a specific amount, and together we’ll choose the date that suits you best to complete the transaction. So you can plan what’s coming next.
The cons
A lower selling price – People are sometimes reluctant to sell to an investor because they believe the selling price will be too low. However, if you take into account all the savings you’ll make, the difference is negligible. Remember, we’ll take care of everything, renovations included. This will save you a lot of time and money. What’s more, our offers are always fair and equitable!
In the end, a direct sale guarantees a sale price and a closing date, which a traditional sale does not. A traditional sale could net you a higher amount for the sale of your home, but the cost of renovations, commissions, closing costs and expenses related to promoting your property will probably cancel out this bonus. What’s more, it would cost you a lot of time. For some Montreal mobile home owners, advertising the house just isn’t worth it.
Before deciding which route to use to sell your Montreal mobile home, do the math to determine which is the most advantageous for your situation. We simply want you to be able to make a well-informed, well-considered decision. Take the time to research your options and let us know how we can help! We’ll be happy to give you a no-obligation quote for your Montreal mobile home!
