Many homeowners are emailing me with the questions, “How much is my mobile home worth?” Often it is because they are looking to refinance or sell and they have no idea how to determine the value of their property.
The best way is call mobile home lenders, your local bank or credit union to get a free mobile home blue book value quote. Banks generally have the N.A.D.A manufactured housing appraisal guide in their office because they often give out loans for these types of manufactured houses.
A local bank or credit union that you’ve done business with in the past is a great way to get a free mobile home blue book value.
One of the best things you can do is find out what other manufactured homes similar to yours has sold for recently. This is actually the most accurate way to find your home’s value. You can do this by speaking with a local real estate agent that is experienced in selling mobile or manufactured home sin your area or park to find out what your home may be worth.
The facts are that different manufactured houses will be worth different amounts, even in the same park. Also, if you are thinking of selling, the agent can see any and all improvements you’ve made to the house, which can improve the homes value.
Another thing you can do is educate yourself by visiting various no cost websites out there that will help you determine what your mobile home is worth.