When it comes to finding a mobile home value you might find that there is limited information out there. The stuff that you do find just seems to take you around in circles. The information provided on mobile homes is difficult to understand and you need basic information on the value.
You need answers and you need to know what your mobile home value is. I get many calls everyday from sellers looking to sell their mobile home. They just have no idea what the mobile home is worth.
You might have owned the mobile home for years. Maybe you just inherited it so you are looking for a value for the mobile home. I also get calls from attorney offices and realtors looking to get a value on a mobile home. They are typically looking to settle an estate for probate court because someone passed away and owned the home.
Mobile Home Prices: Determining the Value of Your Mobile Home
Mobile homes vary in price greatly depending on a number of things. If the home is a singlewide vs doublewide, the model, make and features. Things such as: windows, kitchen cabinet style, to how many beds and baths the unit is play a factor in the value. One of the biggest factors that play an important part when it comes to your mobile home value is: is the mobile home hooked to private land, is it in a mobile home park or does it need to be moved from private land.
Whatever the reason is that you are looking for a value for your mobile home, we can help. There are ways to find out what it is worth and it doesn’t have to be so hard.
The very first question to ask: is the home in a mobile home park or is it on private land? If it is in a park and you are just looking for a resale value. There is a report that you can get here that will help to tell you what other homeowners have asked for their mobile homes in your particular area. That is provided down below.
Mobile Home Value: Private Land
If the home is on private land there are a number of different things that can have an effect on the value of the mobile home. First, do you have title to the mobile home because if you don’t there is some investigating to do? If there is a title to the mobile home and the home needs to be moved? That also can significantly affect the price of the home.
If you discover that the home is worth $25,000 and it needs to be moved…you are going to have a tough time finding someone who will give you $25,000 for the home. The new buyer would have to pay to remove the home from the land. The cost to move these mobile homes can be anywhere from $4k to $12k. As a result they are not going to pay you the $25,000 plus the cost to move the home.
The moving price varies depending on the size and how far the home has to move. So realize that that does affect the amount of money that can go towards the mobile home.
No title to your mobile home: The mobile home sits on private land
If you do not have a title and you purchased the mobile home with the land, then there may be no title. You may check at your county courthouse to see if the title has been abolished (a fancy word for destroyed). If the title has been abolished the home would be considered an affixed mobile home.
When mobile homes are affixed to a foundation they tend to be a bit tougher to move. These situations where the mobile home is affixed are more time consuming, but usually not impossible. To get a mobile home title you would simply have to file for a new title through your courthouse. This is typically the case in many states so start there.
Mobile Home Value with the Land
However, if you are looking to sell your mobile home with the land you won’t need the title. If you are just looking for a mobile home value with the land attached you have some options. This would be the case if you have no title and just a deed to the mobile home. Just pick up the phone or go online and check with a local real estate agent. Your local area realtor will be experienced with home values and this home would be treated as regular real estate. These type of homes are treated just like a stick built home and they tend to be worth more than the mobile home just by itself.
There are ways that you can abolish the title by yourself so that the home may be to be financed through a bank as well. Again your first option in this process is going to be to check with your local county courthouse they should be able to help you.
Should I sell the mobile home with the land: I could just move the mobile home
I do get many calls from sellers and they are trying to figure out if they should move the mobile home off from the land or sell it with the land. Even if it is small tract of land …not the full parent property they usually are worth more than if you were to pull the mobile home and try to sell it. Again if you get rid of the title and attach the home to the land you might come out better in the long run.
Having my mobile home moved off from my land:
I need the title
Now we do have some sellers who are selling their mobile home and need it moved off from the land. Many times sellers want to build on the existing foundation or crawl space. If you do not have title to the home you need to talk to your local county courthouse. Ask them if they show a record of the title being abolished.
If they do then ask how you can reinstate the title. This will probably require some work on your end and some paperwork. However, it is not unheard of for it to take 2 to 3 months to get title reinstated to the mobile home. Once you have title you can move the mobile home from the land. So, if you are having a hard time figuring out if you have a mobile home deed or a title to the mobile home you can learn more by clicking on the blue area.
Should I hire an appraiser: Appraisers the plus and minuses
Many people want to hire appraisers to find out what their mobile home is worth and many times they are not specialized in mobile homes …they are more suited to tell you what a stick built home is worth.
If you have a mobile home that is attached to the property (the title is abolished) a appraiser might be able to do a pretty decent job of giving you an appraisal on your mobile home.
Realize that if you have an appraiser or a real estate agent tell you what your mobile home is worth they are going to appraise it with the value of the piece of property as well. They typically will not separate the 2 to give you an idea of what the mobile home is worth by itself.
That is why it is hard to even get an appraisal for a mobile home that sits in a mobile home park. You do not own the land in a mobile home park you just own the home. The land in a mobile home is rented.
Mobile Home Value Reports: Blue book / NADA
My business partner and I were tired of the fact that there was no real easy program out there to obtain a value report on your mobile home. So we designed and built a program that can give you just that. Click here to get your report mobile home value reports.
You simply fill in the information about your mobile home and it will generate a full color report. This report will tell you what others have asked for a home similar to yours in that area. It will at least give you an idea of a resale value for your mobile home.
Also the report gives you national level information on your mobile home. You can compare the 2 prices (local and national) to get the best one that will work for you.
If you click on wholesale information it will also tell you what the company will buy your mobile home for right now.
This report is a live report so as the years continue to tick by you can refer back to this report. You will be able to see how time has affected the price of your mobile home. This is similar to the Kelly Blue Book of mobile homes.
Above is an example of just part of the graph report. You will receive this colored graph on your mobile home value report to tell you the value of your mobile home.
In conclusion, do your homework and find out what your home is worth. Don’t just sell the mobile home on a hunch you could be selling yourself short.