Are you thinking about selling your home in Waterfront Communities C? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.
The most important PRO for selling your home yourself in Waterfront Communities C is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.
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In turning around a mobile home park project, it is necessary to bring in mobile homes and be able to sell them. It is very important to get your message out to the public to let them know that you have affordable housing in your park and that you have really easy terms, low down payments and affordable monthly payments so they can realize the American dream of purchasing and owning their own home.
One way to market and advertise your park to sell the homes is to use a billboard which will give you more exposure so that people can become familiar with your property. We have implemented billboards in Texas to garner exposure for the three mobile home parks that we have in a small town of 100,000.
You can also use door hangers and flyers. A really good target for door hangers would be apartment complexes. Hanging the door hangers on people's apartment doors will let them know that for the same price or less that they are renting an apartment, they could go ahead and buy a mobile home. You could also put flyers on cars in busy shopping malls. These are two of the best ways to implement door hangers and flyers.
Bandit signs are a helpful way to advertise and sell as well. Bandit signs come in 18" x 24" or 12" x 18" sizes. They are inexpensive (about $1.00 - 3.00 per sign) and are meant to put along a busy road or attached to electrical poles. By putting signs along the road leading into the park and also in key traffic areas within town, you will let people know that you have affordable housing at your mobile home park. Make sure and contact your local city or county to know the rules about bandit signs (as well as real estate signs). In one city that we have a mobile home park, we are only allowed to put bandit signs out from 5pm on Friday until Sunday at midnight. At another mobile home park, the city will only allow us to put out a maximum of 5 bandit signs at any one time.
Another method is to try using television and radio spots. In West Texas, we purchased 30-second TV spots for as little as $1 to $5 per spot. (The $5 was actually a national TV station and the $1 was spent more for the local cable stations.) That worked well for exposure. Radio spots are priced reasonably and for maximum exposure your spot should be aired during drive times (6am - 8am and 4pm - 6pm).
However the most cost effective and greatest results come from placing classified ads in the Thrifty Nickel, Greensheet, and Pennysaver. The cost is about $5 to $15 per ad per week. You can place classified ads under the "Apartments for Rent" heading. Most people who are looking to rent apartments are really good candidates to buy a mobile home because for the same price they are renting an apartment, they can own their own home. You can also put classified ads under "Mobile Homes for Sale".
Marketing and advertising will be the key for getting homes sold and filling up your mobile home park quickly!
I'm sure you've seen these advertisements on bandit signs by the highway, or in the real estate section of the newspaper. Perhaps you've wondered if they are realistic - or are they just a scam?
Well, the truth is that the better ones are genuine. They are placed by private investors who have immediate access to funds and can afford to close on your property quickly. They will often cover the closing costs, and will certainly arrange all of the paperwork. Sounds too good to be true? Well, it isn't, but there is a snag - I bet you guessed that!
If someone is prepared to buy your house, for all cash, and close in 7 days, they are not going to pay retail market value. That's a fact - they can't afford to. These people are not philanthropists - they do this to make a profit (although the reputable ones also like to think they are helping people in distress). So, somewhere below the retail market value is what you can expect to see on their offer. How much below market value? It depends on the condition of the property, its location, and a number of other factors, but it could be around 70% of the retail price.
Of course, you can try to sell the property yourself, saving the cost of an agent, but market statistics show that over 80% of FSBOs (For Sale By Owner) end up using an agent anyway, and those that do sell the house themselves, achieve a lower price than the agent would have done. This is partly because the buyers know that the seller is saving agency commissions and discount that from the offer price.
When a private investor talks about buying your house in 7 days, this is just one of the ways in which they can do it. But as you can see, although at first glance the offer may not seem to be very generous, once you take into account the variables we have discussed, it can start to look like a good deal.
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