So you’re in the market to sell your mobile home and trying to see how much you can get for it?
This article will hopefully help explore the prices for mobile homes in Colton .
“What price can you sell your mobile home for in Colton ?”
Pricing a mobile home can be a little challenging; harder than a single-family residence.
With a regular house, there are free resources that can provide you good estimates like Zillow, Redfin, and Trulia. One can find mobile homes in these websites, however, they are not very accurate and most people in the mobile home business rely on it.
Why is it difficult to price a mobile home?
Here are some components to start this article out; factors to help determine what our manufactured house is worth.
Mobile home values are greatly dependent on the community that they are in. (If it’s not in a park and on land, that gets even trickier).
You can have a mobile home park with a property for sale priced at $40,000. And then across the street (at a less desirable park), you’ll have another comparable home priced at $15,000.
And if it’s on land?
There are some variables you have to consider.
Are you looking to sell the land with it? If so, that requires a whole different piece of writing on valuing land found here and really what you’re trying to sell is land. The mobile home is just a feature UNLESS your mobile home is on a permanent foundation.
Another reason why mobile homes are a little difficult to value is that they don’t usually increase in value but decrease as they get older. You could have paid $80,000 of a mobile home 10 years ago but it may only be worth $40,000 now.
Few people understand
Another tough task is that very few Realtors know how to value a mobile home.
Tread lightly if you go to one.
They may compare your property with a single family house that sold nearby which is a HUGE mistake. He/she may have overpriced your home and that means that it’ll just sit on the market not getting any serious offers.
So that means that if you ask around, make sure you ask the correct professionals. Your family and friends may have no idea what it’s worth but will give their opinion anyway.
Let’s just be upfront with ourselves. Almost everybody overvalues their home and undervalue the cost of repairs.
That’s why it’s important to open your mind and get a full understanding of the condition of your property. Don’t assume that because you’re residing in it that it’s better than the house next door.
It may very well be in excellent condition, but the point I’m trying to show is to be honest with the damage evaluation of your house so that you accurately value your home. If a home up the street that is exactly the same size, bedroom, and age, sold for $40,000 but your’s requires $20,000 dollars worth of work because of water damage. Then your property is worth more like $10,000-$18,000.
Why do I go below the estimated repair amount?
Because most people don’t look at the numbers. They don’t see, “Oh it needs $20,000 worth of repairs so I’ll just subtract $20,000 from the retail value”… Instead, they see, “Oh wow, this house needs a lot of repairs and I don’t want to deal with, I think I’ll pass or offer something extremely low.”
Now A Look Into What It’s Worth
Now that we’ve looked at a few elements that can affect price, we should study the most accurate way to determine the value of your home…
Check out what “similar” mobile homes sold for in the last year will determine what to set your sales price at.
But how do we do that?
- Ask your neighbors
- Look on Craiglist.com
- Ask the park manager
- Look on www.mhvillage.com
- Ask a Realtor that specializes in mobile homes to do a comparative market analysis
Don’t just do one of these…. actually do all. This will help you in determining an exact and reasonable price for your home. And keep in mind all the other factors of age, location, and condition to set that price at a better comparative value.
If you don’t have the time to do all that work because of some kind of stressful hardship (maybe you’re about to be evicted, you can’t keep up with the payments any longer, or don’t want to deal with the hassle) and you’re saying, “I want to sell my Colton mobile home quickly!”…
… then contact us asap for a fair cash offer!
Just fill in your email and phone number on the right (or below) and we’ll get back to you immediately!