| When selling a recreational vehicle, whether it is a | | | | There are RV brokers that will sell your recreational |
| motor home, fifth wheel, travel trailer, folding or pop | | | | vehicle for you, and you pay them a small |
| up camper, truck camper or any other type of RV, | | | | percentage of the selling price once it is sold. Even if |
| establishing it's real value will directly affect how | | | | you don't want to go this route, I suggest that you |
| quickly it sells. I think we all feel that our recreational | | | | contact a couple and ask them what is the real price |
| vehicle is worth what we want it to be worth, in | | | | that you can expect to get, since they get paid a |
| many cases at least what we still owe on it. The | | | | percentage, they want you to get the most for it, |
| reality is that the real value is what someone else is | | | | and will usually give you the most accurate estimate |
| willing to pay for it. | | | | of its value. Be open to what they have to say, and |
| The value is definitely affected by the condition of | | | | realize they are in the business of selling RV's and |
| every part of your RV, the closer it is to new | | | | they only get paid when they sell one, so they are |
| condition, the higher it's value should be. Something | | | | experts at determining the value that it will sell for. |
| that can be difficult to swallow is that it may not be | | | | It is one thing to ask a little more than you are willing |
| worth what you still owe on it, and you might have | | | | to take, but be careful not to make your asking price |
| to pay something out of your own pocket to the | | | | so high that it scares away prospective buyers. If |
| mortgage company when you sell it. With a twenty | | | | you are advertising on a few classified RV web sites |
| year mortgage, the first few years you are not | | | | and you are not getting calls, I would suspect that |
| reducing the principal very much, and your RV is | | | | the price is a factor. The more web sites that you |
| depreciating at a higher rate the first few years. | | | | advertise on, the more exposure you will get, so if |
| Unfortunately many people don't realize that until | | | | your price is competitive, you should get interested |
| they try to sell their recreational vehicle for what | | | | callers. Price is not the only factor, however it has a |
| they still owe on it, and don't have much interested | | | | direct affect on how quickly an interested buyer |
| traffic or any success selling it. | | | | picks up the phone and calls to get more information. |
| Before you decide what the right price is, you really | | | | I suggest that you call your mortgage company and |
| need to spend some time on the Internet comparing | | | | see if they will be willing to offer a loan to the new |
| what others are asking for, and selling comparable | | | | buyer, and if they will, advertise that in the ads. Most |
| RV's for. You can't really compare what a dealer asks | | | | of the classified RV web sites also have links to |
| or gets because they can provide financing, warranty | | | | financing, check them out, so you can tell any |
| and customer confidence which all equal money in the | | | | perspective buyer what is involved in obtaining a loan |
| form of a higher selling price. You can look up the | | | | for your RV. The loan value will have an affect on |
| average value on the NADA website or the Kelly Blue | | | | how much you can get, and how quickly it will sell. |
| Book website, just realize they are only averages, | | | | As difficult as it is to swallow, the longer it takes to |
| and in many cases designed to be more of a guide | | | | sell your RV, the more money that it is costing you. |
| for dealers, so you should expect to get a little less if | | | | You are still making the monthly payments, and the |
| you want to sell it quickly. The most accurate | | | | actual value is going down every couple months, so |
| comparison is to search the classified RV web sites | | | | you might get a few hundred or even a couple |
| for RV's that are the same as yours. Find at least 25 | | | | thousand dollars more by waiting, but if you made |
| and see what the ones that are closest to the same | | | | more in monthly payments, you might have lost |
| options and condition as yours are being advertised | | | | money. If you can price your RV reasonably accurate |
| for. If you see any that say sold, try to contact the | | | | as compared to what they are selling for, you should |
| seller and ask if they would mind telling you what | | | | be able to sell it fairly quickly. Advertise it on as many |
| they sold theirs for, explain why you are asking. | | | | classified web sites as you can, have lots of pictures |
| They will be the most accurate comparisons, since | | | | and help line up financing will all reduce the time it |
| they are what someone actually paid, and not what | | | | takes to sell your recreational vehicle. |
| they were asking. | | | | |