Calculate Mobile Home Value

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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?

Because 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 possible!)

You see, value is established when a willing seller and a willing buyer come to an agreement on price.

At that moment a value is determined for the home.

What you want to know is:

“What are other homes, just like mine, selling for right now, in this same park??”

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 comes to 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 for.

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 $75,000. What’s the difference??