If you're a mobile home owner, the current slump in the housing market may be depressing you. If you want to sell your property, you may be all too aware that mobile homes can be the slowest-moving residential units on the market. Sometimes the buyers attracted to mobile homes can be on the low curve of the income bracket, making their credit approval more difficult by the bank or lending company.

One method you may be unaware of, which will move your property faster and give you more cash up front, is the technique of using a mobile home note buyer. How does this work for mobile homes? You, as the seller of the mobile home, must have a minimum of 60% equity in the property to be able to create a note that can be sold through a mobile home note broker. All notes are always purchased at a discount from the original principal amount. The realtor will not be able to assist in helping you create the note; however, the note broker will.

Seller financing is private financing. The buyer will be grateful for the softer lending standards and the flexible payment schedules available. Then, at closing, the mobile home note buyer will buy the mortgage from you, giving you instant cash.

Cash All At Once--Or More For The Future

You will have the choice of converting the entire note to cash at that time, or keeping part of the note to be cashed in at a later date. The advantages of this for your taxes and capital gains are obvious. You can spread the income from the sale of your mobile home over two or more tax years, all the while holding the rest of your mortgage note as a security. Mobile home note buyers are similar to private mortgage note buyers, and their expertise will help you and your realtor create the perfect financial strategy for your needs.