2021 is the year to sell your Mobile Home!
You’ve heard the saying buy low, sell high? This is most likely the top of the real estate market and it probably won’t be more than a year before prices start to come down again.
If you want top dollar, this is the time to sell.
I’ve been at this for a long time, I’ve seen prices go up and I’ve seen prices so low you wouldn’t believe it. If you were one of those that bought in 2010 - 2014, the value of your Mobile Home at the Beach could have doubled, during those years I sold dozens of newer doublewides in great condition for $40,000 to $60,000. Those same homes are now selling for $80,000 to over $140,000 and some of the waterfront mobile homes are selling for over $200K
Inventory has never been this low in the 16 years that I’ve been a REALTOR®. Prices are also the highest I have ever seen. Like everything else, markets are cyclical, they go up, they come down. This one can’t go much higher before it pops. I don’t predict a major crash, but these prices can’t continue going up at this rate much longer. We’re due for a market correction.
Usually when people ask me if leased land mobile homes are a good investment, I tell them they are a good investment in beach lifestyle, however if you sell now, it actually was a good financial investment because you will be able to recoup what you paid for the house, all the ground rent fees you’ve paid and you might even make some profit on top of that. A few months ago I sold a mobile home that someone purchased in 2018 for $17,000 for $73,000. Last month we had a tear down mobile home in terrible condition go under contract for $34,000. It’s a crazy Sellers market.
At Coastal Mobile we make it easy to sell your mobile home. If you live out of the area, no worries. You don’t have to visit the beach to list your house. Just sign the paperwork on-line and send us a key or let us know which one of your neighbors has the spare key, or in many cases, which rock it’s hidden under and we’ll take care of the rest. If you can’t make it, or don’t want to attend settlement in person, that’s fine. It can all be done remotely and your proceeds from the sale can be mailed or wired to you.
Our fees are low and we don’t lock you into any contracts. If at any time you want out, you are free to cancel the listing.
Call or text Mike to get your home sold quickly and for top dollar.
Mike 302 258 4368