Park home/cash home buyers

Rvsbf_104

We have a park home on a residential site to sell left to the family by an elderly relative. We are thinking about using a 'sell your home quickly for cash' company for ease and speed. Yes, we understand it won't be full market value, but it would suit our circumstances in some ways. Do they buy park homes? Are there any companies to recommend, and, equally importantly, avoid?
Thanks.

GDB2222

No idea, but it might be worth checking with the park owners too.

As there’s a commission of 10% paid to the park owners on each sale, in addition to all the other buy/sell costs, it makes it very expensive to flip park homes.  A quick google search doesn’t show any firms interested, but maybe you can find a company? 

mi-key

Rvsbf_104 said:

We have a park home on a residential site to sell left to the family by an elderly relative. We are thinking about using a 'sell your home quickly for cash' company for ease and speed. Yes, we understand it won't be full market value, but it would suit our circumstances in some ways. Do they buy park homes? Are there any companies to recommend, and, equally importantly, avoid?
Thanks.

If you can find one of those companies interested, expect them to offer at least 40% below market value and another trick they do is to wait until you are just about to complete, then reduce their offer even more for no reason.

The really are a scam, and only there for people who are in trouble and desperately need to sell quickly

macman

Why the rush to sell?

km1500

I have seen them.on rightmove so maybe also try a local estate agent ?

lincroft1710

macman said:

Why the rush to sell?

It will be accruing site rent and also possibly council tax if more than 6 months has elapsed since probate was granted.

user1977

The "we buy any home" operators will just aim to re-sell quickly (e.g. buy from the desperate/gullible at 40% below value, sell swiftly at 10% below value) - so you may as well look for the ultimate buyer and sell conventionally at an attractive price, rather than take a big hit. 

mi-key

I agree with selling via a normal agent. There are a few park homes near me ( I live on the coast, so they are popular with retirees ). They never seem to have any problems selling them pretty quickly 

Robin9

Rvsbf_104 said:

We have a park home on a residential site to sell left to the family by an elderly relative. We are thinking about using a 'sell your home quickly for cash' company for ease and speed. Yes, we understand it won't be full market value, but it would suit our circumstances in some ways. Do they buy park homes? Are there any companies to recommend, and, equally importantly, avoid?
Thanks.

Do the site owners not have first refusal ?

devoncop22

The Park Home owners used to be able to block sales and also have first refusal but that has not been the case since the Mobile Home Act of 2015.

They are still due 10% of sale price at time of writing though a Select Committee is also reviewing this.

Francis63

Rvsbf_104 said:

We have a park home on a residential site to sell left to the family by an elderly relative. We are thinking about using a 'sell your home quickly for cash' company for ease and speed. Yes, we understand it won't be full market value, but it would suit our circumstances in some ways. Do they buy park homes? Are there any companies to recommend, and, equally importantly, avoid?
Thanks.

I'm interested in buying one, depending on where your site is and if dogs are welcome. I need it in the next two weeks!
Could you message me and let me know?