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Selling/leasing tiny home in Austin - questions

916 Views | 2 Replies | Last: 4 mo ago by Red Pear Felipe
Slagathor
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AG
My husband's mother outright owned a tiny home in Village Farm in Austin at the time of her death in February 2024. The title of the tiny home has since been transferred into my husband's name as the "executor" of her estate (she died intestate and this tiny home is her only asset). He would like to sell it for a fair price. We have been paying the lot rent at Village Farm and have not had any interested buyers since putting it up for sale. The Village Farm people recommended a specific "broker" as their preferred means of reselling so we went with her, thinking the tiny home would sell pretty quick. Well she hasn't done hardly anything to advertise - the only listing for the tiny home is on her own website, which is not easy to find itself. So it's costing hundreds every month, with no signs of selling. It's listed at about $150K right now (in line with other tiny homes in this community). We did sell my husband's family home pretty quick in December 2023 after my FIL died so we hoped this would go quick too. The broker is hesitant to lower the price, even though other units she has for sale at slightly lower prices aren't moving either. She just sent a long email about how they are upping their marketing and outreach efforts but I am skeptical of her initiative at this point.

At this point we are sick of paying the lot rent and would just like some feedback on the feasibility of getting a sale any time soon. It seems like the broker is stringing us along at this point.We haven't discussed with the Village Farm folks yet, but is doing a long-term rental/lease worth looking into while it's listed? At what point should we consider that?

Anyone have any insight on how to better market the tiny home or make it likely to sell? Should we drop the broker and do something different altogether?
Red Pear Felipe
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AG
Tiny homes really cater to a niche market. In many ways, buying a tiny home is similar to purchasing a mobile home in a mobile park. You may own the structure, but you're typically just renting the land it sits on. That's a big challenge in these communities: buyers still have to pay lot rent, which can make the property less attractive. A tiny home would likely sell much faster if it were on its own piece of land.

As for your broker being hesitant to reduce the price, remember they work for you. It's important they market the property effectively and listen to your goals. Keep in mind that with tiny homes, it can also be harder to list on major home search platforms like Zillow or Realtor.com. They may end up relying more on Facebook Marketplace, Craigslist, or their own website for exposure as you mentioned.
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Red Pear Felipe
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This is from Facebook Marketplace.


Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear RealtyAustin Monthly
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