Although this is a considerable undertaking, many park owners attempt to make the process easier by selling their mobile home park brokers. While every seller wants the best deal, they don’t always use all their resources, particularly mobile park brokers. The buyer may lower the price, hold the park for months, re-trade it, or walk away without feedback.
It can be overwhelming and frustrating. This could have been avoided if you had a good broker. Brokers are trusted professionals who know the market and how to close the deal. They can be a valuable partner when you sell your park. Here are four reasons why sellers should work with a broker to sell a mobile park:
#1: You will be exposed to a unique, qualified buyer network
Trade brokers bring a list of qualified buyers to each listing. Glenn has sold 36 mobile home parks in 2018 and has more than 8000 MHP buyers waiting for a deal. The network of brokers includes first-time buyers and publicly traded companies. Some brokers can generate multiple offers within the first few weeks of listing a park and create a highly competitive environment around it. Depending on the listing and your broker’s network, getting three to seven offers for a typical deal is possible. Sellers will feel more confident knowing they will close a contract with a great deal.
Mobile home park brokers can connect you to buyers you won’t see on multiple listing sites. They are open to extending their offers in your favor. Glenn is a primary focus on these buyers and has more access to them than any other MHP broker!
#2: Mobile Home Park Buyers to be Carefully Vetted
Brokers have a strong network and are familiar with the backgrounds of all buyers they have worked with. This allows them to know who is qualified and who will be able to close the deal. There’s a chance you will end up working with buyers that aren’t qualified and waste your time, and could be unable to filter them for you.
#3: Get the Best Price Possible for Your Mobile Home Park
Brokers should be paid for their services. The qualified purchasers that brokers bring to your home are very different from the ones you find on MHP Store or LoopNet. Broker-vetted buyers are likelier than unqualified buyers to agree to your selling price.
#4: Eliminate MHP Selling Headaches
Unexpected surprises are the fastest way to end a deal. There are many surprises in a typical mobile home park deal. But the more you learn about the “how-to” behind mobile park deals, you’ll be more aware of how complex these deals can be. You can’t guarantee that you will find the right buyer even if you have spent a lot of time learning how to sell your mobile home park. You can avoid the headaches and pitfalls of an MHP deal by being well-managed.
#5: Mobile Houses Are Sold
Finding the home of your dreams is made more straightforward for you by our extensive range of listings. We promote mobile homes both on and off the land to provide our clients as many options as we can. With the aid of our comprehensive financial expertise, you will be able to locate the residence you desire. You may browse through our selection of mobile homes on the internet and arrange a showing whenever it suits you.
Conclusion
Selling your mobile home park correctly is the most challenging task. We can provide the expert guidance and partnership that you need to make this complicated process easy for you if you are a mobile park owner.
