OfflineHi everyone. I'm trying to find comps for a mobile home I found FSBO for $35,000. The property was built in 2000, needs no repairs, willing to owner finance, and VERY well taken care of. I'm pretty sure 35K is a decent asking price the motivated seller is asking for. But I cannot find any comps online, and the online home estimate websites like eppraisals.com can't find the property either. Does anyone have any suggestions on the matter? I'd hate to loose this deal because of this.
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Hi Hector, There are "blue books" available that value mobile homes based on their year of manufacture and condition much like the N.A.D.A or blue books for automobiles. This is applicable for mobile homes in parks or not permanently attached to real estate. If the mobile is on a foundation, basement or otherwise attached to a parcel of land, then you would use comparable sales reports from your realtor. You would only use other mobile homes on land for your comps. Mobile homes are never comparable to stick-built homes for valuation purposes. Markets vary immensely from area to area as to how well mobile homes are accepted and valued.
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