Posted by Tony in New Jersey on September 30, 2004 at 14:07:10:
Tracy,
Stop in to see a dealer of new mobile homes. they will have a NADA book and will be able to look up the retail price in the NADA book for you. Be sure to have the width, length, year, make and model.
Tony
Valuation Methods for Manufactured Homes - Posted by Tracy
Posted by Tracy on September 29, 2004 at 16:39:03:
I’m a realtor who represents both sellers and buyers in manuafactured home transactions. What is the most common method used in placing a monetary value on these?
Thanks.
Re: Valuation Methods for Manufactured Homes - Posted by I.R.
Posted by I.R. on October 04, 2004 at 11:06:33:
With MHs in MHPs, the smart seller is selling opportunity to buy “this nice home” on a note…while the smart buyer is "willing to pay a few dollars cash for your “tin can on wheels”.
In my experience comps mean little, on older MHs in MHPs, as the MHP, the setting, location, management, all make a big difference.
And as any shopper can quickly tell, MHs can be found in all price ranges, and a true market value, such as exists in real houses, rarely exists in MHs.
Oh, sure, according to the dealers, the NADA Book and comps are meaningful, but I’m talking about real deals in real world, with real buyers and sellers…NOT “salesman/dealer double-talk”.
Re: Valuation Methods for Manufactured Homes - Posted by JP(SC)
Posted by JP(SC) on September 29, 2004 at 16:43:25:
Do you work with homes permanently attached to land, as in real estate, or the sale of homes where no land is included?
Re: Valuation Methods for Manufactured Homes - Posted by Tracy
Posted by Tracy on October 04, 2004 at 11:40:39:
Dear I.R.,
Thanks for the input!
Re: Valuation Methods for Manufactured Homes - Posted by Tracy
Posted by Tracy on September 29, 2004 at 19:52:08:
Well, both actually but, the two pending transactions I have going are NOT on foundations/attached to land; in Idaho this is the criteria which differenciates between real property and personal property. They are both being sold as personal property and I don’t really want to pay for an appraisal. Ideas?