Selling a Double Wide Mobile Home: A Comprehensive Guide

A double wide mobile home typically loses value as time goes on, which can make it difficult to sell, particularly if you are still making payments on the loan. A variety of other factors also come into play, such as the lot rent or private land that the home is on and the neighborhood in which the double wide sits. Focus on your home's good qualities in order to sell it.

Step 1

Repair any problem areas. The low purchase cost of a double wide when compared to a stick-built home tends to mean that the builders used lower-quality materials. A relatively young home may already have problems like weak spots in the floor or discoloration in the counter tops. No buyer wants to deal with these problems. Make your home move-in ready.

Step 2

Highlight your home's good qualities. Each double wide home has properties that can make it attractive to a buyer. For example, it might be in a park with the lowest lot rent in town, may be located in a desirable school district or may be on its own land instead of in a park. Bring these qualities to the attention of potential buyers.

Step 3

Hire a real estate agent that specializes in mobile home sales. Not all real estate agents will take on a mobile home because you don't own the land that it's on. However, there are some who will sell it for a commission and market the home for you.

Step 4

Price the home based on market value. When you still owe money on the home, you may be trying to sell it at a price point that allows you to pay off the balance of your loan. If this is higher than the going rate of double wide homes in your area, you'll have a hard time selling it. Research the prices of other double wides for sale in your park or town and price your home accordingly.

Step 5

Consider owner financing. Buyers may have a particularly hard time getting a mortgage for a used mobile home, which can deter them from purchasing your home. If you don't need the money upfront, offering financing to the buyer can allow you to make interest money as well as the purchase price, though there is a risk that the buyer won't follow through making payments. If you go this route, be sure to hire a lawyer to handle the paperwork.