When is the best time to purchase a mobile home? Do this question matter to you??
Many people don’t think of the best time before purchasing a mobile home. Though this is a very important factor in the whole process. However, pre-research time and buying time play a significant role in my working experience as well as my final price.
But this is not the only important consideration before purchasing a mobile home. There are numerous other questions (especially new) potential mobile homeowners have in their minds. They eventually need answers to those questions. If only they want to make quick decisions regarding the purchase of a mobile home.
If you feel Illinois real estate is the industry for you, check out Illinois Brokers Academy. We offer pre-licensing and post-licensing courses, as well as state exam prep dates. Do check our updates now for more information.
THE BEST TIME TO PURCHASE A MOBILE HOME
Amazed to know that even the real estate industry is seasonal? Good for me to believe it! We, human beings, are the comfort creators and habits which are mostly to blame for the changes in the real estate buying market throughout the year.
Before I get to the yearly seasonality, it’s worth mentioning that. In general, NOW it’s an exceptional time to purchase a mobile home. The U.S. is currently facing a low-key housing crisis. The approx one-third of the population doesn’t earn enough to afford the average rent. The average rent is based on the suggested 33% of my earning income going to real estate.
That makes mobile homes a magnificent choice and an achievable option if I want a slice of the American dream house at a bargain price. If my idea about the best time to purchase a mobile home is “whatever time of year, I will get the lowest price?”, then winter is my best bet! It is also the least competitive.
Looking to start your real estate school? At Illinois Brokers Academy, we always work on adding new real estate courses and updating existing ones. We provide real estate agents, brokers, and REALTORS® the education they need to remain compliant with state laws.
KNOW WHEN COMPETITION IS AT FIERCE
The most cutthroat time of year for purchasing a mobile home is during spring and summer, with peaks in June/July. The reason is most people prefer to go outside and search for a new mobile home then.
Another important factor to consider is that most potential mobile home buyers are in the market for a family home. They also intend to take their youngsters with or involve them in the shifting process. Summer break is the most prolonged period with no school and is a natural choice.
This indicates the market is very aggressive and I might have to face inflated prices. However, during winter, and specifically January, I won’t find myself in a race to purchase a mobile home as I can rely on everyone who is safely snuggled at their mobile home.
The mobile homes left over at this time also have desperate and committed sellers who want to sell out their properties as soon as possible and surely can’t wait until the next season.
Don’t miss the golden opportunity to learn real estate with our top Illinois real estate courses. Get in touch right now to just get started.
What is your action plan now?? I’ll suggest you brainstorm, plan carefully and carry out your actions. Good luck, and happy mobile home shopping!