: Calculate Mobile Home Value
Calculate Mobile Home Value
How to find out the
value of your mobile home
Answers to common questions:
How to figure out how much someone will pay for your home?
Mobile Homes are like
cars in that there is a "Blue
Book" for these homes (called the NADA guide), BUT ask any Mobile Home
Appraiser and they will laugh if
you mention this. Why?
Mobile Homes are based on a Market Value.
This is due to the factors that are NOT in a
simple guide. The NADA guide will compare one home’s: size, room count,
manufacturer, and age against other homes. This makes sense if you are
only thinking of empty homes on a lot waiting to be installed.
But most people want to know the value of their
home today, on the lot the home is currently occupying, with the
current housing market factors, etc.
This is simply NOT available to anyone except a
Mobile Home Appraiser. They will check all these additional factors to
come up with a true-market-value (at least as close a guess as
You see, value is established
when a willing seller and a willing buyer come to an agreement on price.
a value is determined for the home.
What you want to know is:
other homes, just like mine, selling for right now, in this same
Location, size, age, condition, upgrades, room
count, etc. all will
have a factor in your home’s value.
So, here is how to determine your
home’s value: Find out what other homes like yours have sold for in the
last 3-6 months in your park (or your surrounding area).
To do this you may want to start with the manager
and/or a local Real
Estate Agent who normally handles Mobile Homes. If no agent
mine immediately, then look in the local Real Estate section of the
paper for Mobile Home listings and see which agent has the most – then
call them and have them give you an idea of what your home would sell
There is simply no way to answer a question of: “I
own a 1972
doublewide in good condition, what is it worth?”...Right now, there is
a 1972 doublewide worth $1,000,000
in Malibu, CA in a park overlooking the ocean, with private beach
access – at the same time there is another 1972 doublewide in Oxnard,
CA (probably no more than a mile or two from the ocean) worth less than
Additional Manufactured Home Info
Here are some additional topics, click on the
underlined words for more information.
Return from Calculate Mobile Home Value to the Home page