How to Determine What the Mobile 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 mobile 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 mobile home with no regard to market value or to comparable mobile home sales. Below we have outlined ways of determining the correct market value. A1) Mobile Home is Located in a Mobile Home Park- When the mobile home is located in a leased lot community, the best way to determine the true market value is to determine what other similar mobile 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. We have limited our answers to personal p
