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Updated almost 8 years ago on . Most recent reply

User Stats

49
Posts
25
Votes
Todd Schmitz
  • Investor
  • Aurora, CO
25
Votes |
49
Posts

Best way to value an older mobile home

Todd Schmitz
  • Investor
  • Aurora, CO
Posted
Looking at buying a mobile home in ND as I have connections there. What is the best way to value an older mobile home? 2000? 1997? Thanks for your help.
  • Todd Schmitz
  • Most Popular Reply

    User Stats

    21
    Posts
    8
    Votes
    Tristan Thomas
    • Investor
    • Bangor, ME
    8
    Votes |
    21
    Posts
    Tristan Thomas
    • Investor
    • Bangor, ME
    Replied

    John Fedro said it best. Went something similar to: When trying to find the value of a mobile home in a park it depends hugely on the motivation of the seller. If a family loses their job and needs to move asap then the value of the home is much less due to their need to sell. If a family has savings and can sit on their home waiting for a better price then it's worth more. Basically saying it's all depends on the motivation of the seller. Granted this is a method used for mobile homes in parks. On land a simple comp would suffice.

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