How to Determine What the Manufactured Home is Worth?
There are several ways to determine this. It is not an easy question, as there are many variables. We also want to point out that many people believe that because a manufactured home is listed with a realtor, that the asking price must be an accurate determination of the market value. In many cases this is false. The realtor simply listed the manufactured home with no regard to market value or to comparable manufactured home sales. Below we have outlined ways of determining the correct market value. A1) Manufactured Home is Located in a Manufactured Home Park- When the manufactured home is located in a leased lot community, the best way to determine the true market value is to determine what other similar manufactured homes have sold for in the last Six (6) months within that park or community. Many parks and communities have extremely high location and/or community values. The selling price in these communities is dictated by supply and demand. Here are some ways of determining value.
