Selling a mobile home involves a lot of people. You could find yourself working with a lawyer, real estate agent, and even your park’s owner. But the most important partnership in a sale is the one between you and the buyer. It’s important that both you and the buyer come to an agreement at some point.
The give and take, and even the small compromises, that you engage in with your buyer will eventually lead to exchanging money and a title deed.
Today, we’re going to share what we know about partnership with your buyer. Plus, we’ll dive deeper into how to spot warning signs and get out from under a bad partnership.
A partnership is mutually beneficial, and it must involve the combined efforts of two or more people. Those efforts have to be genuine, or no partnership exists. You’re working together toward a common goal. So what does this mean for you as a mobile home seller?
Why partnership is important when selling
A partnership doesn’t necessarily have to be within the context of a business. But you can kind of think of it in a similar way. When you’re selling your mobile home to another person, you’re engaging in a business transaction.
In other words, selling a mobile home to someone is a big deal because you’re dealing with property that’s worth a lot of money. In order to ensure you’re selling it to the right person or company, you must be confident that they’re honest, motivated, and willing to put in the work. And this applies even if you’re selling to a buying company, not just an individual buyer.
If you’re going to sell your home, you’re going to engage in a partnership with your buyer. And that partnership needs to have a few key characteristics.
Partnerships: What they should look like
You and the buyer must be willing to compromise on the small things and stand firm on the big things. You shouldn’t be easily swayed, but you should be understanding and level-headed. These are some of the characteristics of a good partnership. Let’s take a look at a few more.
Honesty and integrity
At EZ Homes, we try to stand out from the crowd. How? By being honest and having integrity. That’s what we look for in partnerships, and that’s what we want you to find.
When a buyer – an individual or a company – makes you an offer, they should be sincere. This is especially important to look for in a buying company. So often companies take advantage of individuals because they’re just “easy pickings.”
Know your home’s value and don’t accept scammers into a partnership. Pick your buyer’s brain – or their real estate agent’s brain – for their goals and motivations. Why are they buying your mobile home? This is especially important if you’re working with an investor or buying company. The answers to the questions you ask can tell you a lot about their integrity.
You and your buyer should communicate often and well. If both of you are polite and respond to each other promptly, you’ll create the groundwork for a good partnership. Working together to strike a bargain is your highest priority. Make that process easier with excellent communication.
Caring about the other person
Like we said before, partnerships are all about working toward a common goal. If you and your buyer genuinely care about each other’s needs, then working together to sell your home will be a great experience. If either person is selfish and won’t listen and care, then how will the end goal come to fruition?
Signs of an unhealthy partnership
Now flip all of these elements of a good partnership on their heads. What does that look like? It looks like a bad partnership. Here are some warning signs that you shouldn’t partner with a buyer:
- If they’re in a bad financial situation or have been in one in the past. Check out Investopedia’s article to help you think about when it’s good to give your buyer a leg up. But, at the same time, don’t be taken in by a scammer!
- They complain.
- Communication is scarce, or if they’re reluctant to communicate.
- You’re putting the work in, but they’re not. If your buyers are all too content to let you handle the difficult things and aren’t pulling their weight, that’s a sure sign of a bad partner.
- They’re not respecting your time or needs.
Searching for a partnership?
Partnership matters when you’re selling your mobile home. It’s essential to a successful sale, so choose your partner wisely! It doesn’t matter if you’re selling to an individual buyer or a buying company like us. Partnering up is the key in any situation.
We’d love to partner with you to sell your mobile home. Whether you’re looking for advice from the experts or for a company to sell your home to, we have something for everyone here at EZ Homes. Check out our blog archives for great mobile home info, like this frequently asked question: Can you negotiate on mobile homes?