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Where do I find the value of a mobile home?

14x74 mobile home 2 bath 2 bedroom structure hood but need slot of cosmetic/updates on large wood lot in park has a nice lumber shed with it

Asked By Pam O. | Lowville, NY | 633 views | Tips Advice | 3 years ago

Answer(3)

Novice

5 Answers

Shane Keyes

McKee Realty

(13)

Mobile home sales can vary from state to state but there is a used mobile home price book similar to cars. Usually, a lender will have to submit the info to get them a price. With that being said, a good local Realtor should be able to do a CMA (Comparative Market Analysis) for you. This will give you comps on recent sales in your area of similar-type properties. A good Agent will have no issues in presenting you a CMA at no cost to you in return for being allowed to list your property. The Realtor can recommend what updates you should consider doing or advise you if they may be able to sell it as is.

Novice

2 Answers

Hi Pam, The best bet is to either contact a local real estate professional to provide a BPO (Broker Price Opinion) or a CMA (Current Market Analysis), or a licensed appraiser to come perform an appraisal on the property, or contact the park management company and see if they have anyone willing to make an offer. You can also do some research yourself to find other similar comparable homes that have sold in the last 6-12 months that are the same type of property.