Mobile home book value reports cost based valuations datacomp. This book value request is for a free value report based on information supplied by you. It allows those who are interested in buying a manufactured home know what they should be expected to reasonably pay for a home and allows. Is there something like a kelley blue book for mobile homes. Unlike the mobile home, which will likely depreciate over time, the land actually has the potential to increase over time. The cost approach is used to calculate the average depreciated retail value. Whether you are a seller who wants to make sure you charge a competitive price or a buyer who wants to make sure the price being quoted is fair, or even a professional who needs to sign off on a loan, this is an. An appraisal takes into account all kinds of information from various sources and is. Obtaining a book value for your mobile home is one way to get a quick. These companies also release information and books yearly with regard to fair market prices concerning new and used manufactured homes. Book value of an asset is the value at which the asset is carried on a balance sheet and calculated by taking the cost of an asset minus the accumulated depreciation.
Calculate mobile home value mobile homes tons of free. Free texas mobile home book value jcf lending group is pleased to offer a free texas mobile home book value to any of our existing customers. Many people look for the kelley blue book blue book or nada value, but to get a good value on all the specifics of your home, you may have to purchase a book for just one time that youll never use again. The first is the appraisal which takes into account the land and the home and is what we have been discussing so far in this article. Mobile homes sell for various prices which are affected by the mobile home itself, the lot, the condition, the park, the community, original manufacturing standards, the size, category, and even whether youre including furniture in the sale. This image has dimension 600x312 pixel and file size 0 kb, you can click the image above to see the large or full size photo. Land appreciates, but mobile homes depreciate, much like cars. Yes, while the book resources typically dont take the value of land and other.
Nada can give you an estimated value, or book value, for your homesimilar to finding the book value of a car. Clayton studio mobile modular manufactured homes for sale. The blue book essentially lists the most reasonable value of various commodities. The texas mobile manufactured home book value you receive reflects the value that jcf lending group would give on the information provided, in conjunction with n. To discover many pictures inside top kelley blue book mobile homes images gallery please. Complete this basic version of the online request form and receive a standard value report for a used manufactured home in seconds. The basic book value should never be solely relied on for a large financial decision. However, if you are selling your mobile home along with land it sits on, then you need to account for the lands value. This guide is what the professionals use to determine the value of a mobile or manufactured home. Datacomp uses a method of comparable sales similar to the method used in traditional real estate. Here are three options for getting a mobile home value. Are there other manufactured home blue book values mh village a leader in the manufactured home and mobile home marketplace. Depending on the type of report requested, most reports include an industry formula for possible value options that may be present in the home. When it comes to manufactured homes there are two different methods used to get a homes.
The calculator does not provide insurable values which the underwriters will accept nor does it replace the nada tables. Free mobile home value used mobile home book values. May 02, 2017 while there are many manufactured home retailers that gladly take used mobile homes or manufactured homes as tradeins, there are some that do not. A guide to used manufactured home prices by mhr one of the most attractive aspects of mobile home ownership for many american consumers is the comparatively lower price points that such units are available at when compared to singlefamily homes. In this article, well show you how you can use the mobile home blue book by the nada to get an indepth breakdown of your home s potential value. We want to remind you that this is a free service for our mortgage customers, who can receive a maximum of 3 free book values in any calendar year.
Please take your time and be as complete as possible. How to make money buying, selling and renting mobile homes velvel, zalman on. Apr 02, 2014 to aid in selecting the correct model on kelley blue book, be sure to know the number of axles on the motorhome of your choice as well as the weight, length, and width of the vehicle. If youre looking to resell or buy a used mobile, or manufactured, home you need to know its value. So whats the best way to discover the value of your mobile home. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Tabs listed on the side of the webpage can be used to guide you to the motor homes section of the website. Many people look for the kelley blue book blue book or. The values indicated on value reports generated by our manufactured housing online request form and mh connect for used homes are intended to be used as guidelines only. How to figure out how much someone will pay for your home. Probably the easiest way to calculate the resale value of a mobile home is to look up its book value. If you are looking at buying a used mobile home in texas, there are some basic things you need to know before you sign on the.
Because data is not stored on the sale of these homes, like it is with real estate, its often difficult to assess the true value of mobile homes. The blue book value of a mobile home is exactly what it sounds like a numerical value found in a book. Apr 06, 2007 there book out request form is the most complete i found. Mobile home book value free used manufactured home book value free find the value of your mobile or manufactured home. I was quite impressed, 5 pages of information about my home. These types increase in cost as they increase in size, meaning a singlewide costs the least and a doublewide costs the most. Used double and triple wide homes can sell for significantly more, as they hold their value better, but are often more difficult to sell because the asking price is. The value of a used mobile home is not calculated the same as it is for a used vehicle.
Mortgage companies often get reports to assign rough values to mobile homes when approving loans. At the customers request, we will calculate the book value and use it as the cost approach for a marketbased mobile home appraisal. Mobile homes are like cars in that there is a blue book for these homes called the nada guide, but ask any mobile home appraiser and they will laugh if you mention this. Free manufactured and mobile home values bluebook price. Where can i find a mobile home value or mobile home blue book. Previous photo in the gallery is our complete guide values bluebook value pagebluebook. Its a complicated process that takes into account the home s age, condition and other characteristics, but it starts with the book value. This resource is comparable to the kelly blue book. This can be used by sellers, buyers or even mobile home dealers. All book values are calculated by certified manufactured home appraisers using the official nada manufactured housing cost guide. In the case of manufactured homes, the blue book value is the most important value home buyers and owners can collect. When it comes to manufactured homes there are two different methods used to get a homes value. This makes it difficult to sell, purchase, or even finance previously owned homes. Free manufactured and mobile home book value when you list your home on mhvillage.
Orange book value helps buyers to understand the fair value of a used car, bike or scooter. Please go to nada guides to get your mobile home book value reports. How to make money buying, selling and renting mobile homes. A simple modernizing of the bathroom andor kitchen areas can do wonders to the value of your mobile home, with an roi of anywhere from 70 to 80 percent. Feb 11, 2019 2 mobile home type there are three types of mobile homes. You can compare your home to other mobile homes that have sold in your area recently. Jul 24, 2018 if the owner of a mobile home doesnt own the land the house sits on, that greatly affects the home s value. The basic book value is for consumers with limited knowledge of the mobile or manufactured home, giving a snap shot andor a general idea of the homes possible value. It is not free you need to have a mortgage with them or pay. To properly value a mobile home, an appraiser must first visit the dwelling and determine its overall condition and any repairs needed. Calculate mobile home value how to find out the value of your mobile home.
How to calculate the value of a used or new mobile home sapling. Mobile home prices how to find blue book value of mobile homes. After that, you will get the exact valuation of your vehicle through orange book value. Mobile home bluebook value kelley blue book mobile homes. Manufactured homes the mobile home tradein process. Online value report for manufactured, mobile and modular homes from nadaguides.
Jun 26, 2019 the professional version also offers a more comprehensive list of additional features that can be used in estimating the value of a home. Kelley blue book manufactured housing used value guide. Free mobile home values get a instant online report now. Typically, the dealer will use a combination of wholesale book value as determined by n. The advantage in having the cost approach done by someone who understands the home and home terminology allows for assurance of. Use this professional version of the online request form to generate an indepth value report and get the most complete and accurate representation of what a manufactured home is really worth. If the owner of a mobile home doesnt own the land the house sits on, that greatly affects the home s value. The book value for a manufactured, mobile, or modular home is considered a depreciated replacement cost in retail dollars.
This image has dimension 1650x1275 pixel and file size 69 kb, you can click the image above to see the large or full size photo. Today, there is only one book that contains the blue book value of mobile homes. Kelley blue book mobile homes is one images from mobile home value estimator of photos gallery. There is a mobile home lender that allows you to get an advanced mobile home book value online. Nada national automobile dealers association has a guide blue book you can purchase from them that lists the value of the price of the a manufactured and. The market value of your used bike, car or scooter will highly depend on the condition of the vehicle and the kms driven. Used car values are derived from averaging the sales of many cars, while used mobile home values are represented as the depreciated replacement cost in retail dollars. Kelley blue book mobile homes is one images from mobile home values nada of photos gallery. We provide the best deals in manufactured housing, with wholesale pricing that. Those that do take trades dont necessarily estimate the value of tradein allowances in the same manner. And, thats how you use the nada mobile home blue book to get the value of your mobile home. We currently not offering book value reports for mobile homes. It is merely a tool for a quick approximation of the insurable value range for obtaining a quote.
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