first time seller of mobile home

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Mark Carter

first time seller of mobile home

Post by Mark Carter » Thu Jan 16, 2003 12:15 am

What is a fair commission that a realtor should be charging me for listing and selling my mobile home here in OC, California? I live in a mobile home in the center of an area known as "Lil' Saigon". The area is very popular with Vietnamese families to live and run their businesses. A local realtor has come and offered to list my home for $6000. This is a flat fee regardless of sale price and only collected upon the sale of our home. Comparison sales at our park put us in the market value of $40,000- $52,000. We are new to the whole selling thing and would like to know what to expect as far as selling.
Thanks, Mark

Anyone with information for my wife and I would be welcome.

John

Re: first time seller of mobile home

Post by John » Thu Jan 16, 2003 8:06 am

In every city I have sold a house in the rate was 6% of the selling price with one exception and that was in Chicago years ago where it was 7% to $50K and 6 over.
You didn't say if the home is on owned land and what was the housing market like.

Art Rigsby

Re: first time seller of mobile home

Post by Art Rigsby » Thu Jan 16, 2003 8:58 am

Mark,

The realtor is trying to screw you. Real estate commissions run 6% or less in California. I would look for a different realtor.

Art

Mark Carter

Re: first time seller of mobile home

Post by Mark Carter » Thu Jan 16, 2003 8:02 pm

As far as the market is concerned, the MHs in this area (Lil' Saigon) are selling like prok fried hotcakes! To give you an idea...a triple wide sold for $120,000, and two comparisons to my unit sold for between $40-$52,000, both of which were 10 and 15 years older than ours but in comparison ours is a 20X60 double wide and the other two were 24X60 double wides....
Again, thanks for any information you can provide.

John

Re: first time seller of mobile home

Post by John » Fri Jan 17, 2003 6:03 pm

If they are selling well why not go FSBO?

Mark Carter

Re: first time seller of mobile home

Post by Mark Carter » Sat Jan 18, 2003 1:23 am

I'm unsure of all the "things" that are required to sell a mobile home...credit checks, escrow, etc...
If someone could point me in the right direction I'd appreciate it.

Thanks, Mark C.

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