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How to Sell a Rental House Trailer

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By eHow Contributing Writer
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House trailers are good rental property, but maybe you've become disenchanted with being a landlord, or need to sell your rental house trailer for some reason. If the house is currently occupied, you'll need to take your renters into consideration. Follow the steps below to get started on the right track.

Difficulty: Moderate
Instructions
  1. Step 1

    Gather documents you will need for the sale including title, inspections, insurance policy, tax and utility bills and any current rental contracts.

  2. Step 2

    Get a book value on the house trailer from your bank, local real estate professionals or use the resources listed below.

  3. Step 3

    Determine if the house trailer will have to be moved. Some trailer parks require residents to be screened by them prior to moving in. If you own the lot under the house trailer, decide if you will retain ownership or sell it with the house trailer.

  4. Step 4

    Make your renters aware the house is for sale. Offer the house trailer to your renters first. Give tenants advance notice when people will be inspecting the property.

  5. Step 5

    Clean the house trailer thoroughly and fix anything that needs fixed. If your tenants are not neat and clean, you may want to terminate their rental rights and get them out of the house, so it will stay in a clean condition for showing.

  6. Step 6

    Advertise the house trailer for sale in the local classifieds, on the Internet or list it with an agent. Check with the owner of the lot or trailer park before putting up signs, then place "For Sale" signs in the windows and in the yard where they can be seen from the street if there are no restrictions.

  7. Step 7

    Set the price a little higher than what you are willing to settle for, but not much over average market price. Some people won't buy unless they feel they are getting a bargain.

  8. Step 8

    Be punctual for showing appointments; in fact, get there a little early so you can do quick repairs if needed.

  9. Step 9

    Direct prospective buyers to a financing source unless you are willing to carry a contract, which is not advised. If you do take payments, check credit histories and screen applicants very carefully. Hire a lawyer to help you write the contract and set up an escrow to hold the title until all payments have been made.

Tips & Warnings
  • Never let someone assume your loan or take over payments that you may still owe on the house trailer. You are still liable for the debt and their non-payment could wreck your credit rating.
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