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finding used Manafactured Home Values...Any Realtors out there ???

Discussion in 'Random Ramblings' started by chickenzoo, Jun 14, 2011.

  1. chickenzoo

    chickenzoo Emu Hugger

    i am trying to learn how to decode our county's Property Appraiser forms online and find out what this property is worth that we like. It has a 2000 double wide MH on it that is 1900sqft+9 of (Unknown name). I'd like to find the aprox value of it. realtor says it's about 25- $30,000..... seems a bit high to me, and some widows and part of a wall need fixing....... I have no clue. HELP

    [​IMG]
     
    Last edited: Jun 15, 2011
  2. chickenzoo

    chickenzoo Emu Hugger

    [​IMG]
     
  3. areyoumymother

    areyoumymother Chillin' With My Peeps

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    Apr 9, 2011
    Ask a local realtor in your area to do a BPO (brokers Price Opinion) also known as a CMA (Current Market Analysis), this is a standard 'service' they are used to being asked to do and they should not charge anything, If you come across a realtor who wants a fee move on to the next.

    Basically what they do is find 3 listed similar properties and 3 recently sold similar properties and the prices they are listed/sold for, then they use simple math (add all 6 and divide by 6) and also adjust for certain deficiencies or upgrades one may have over another to come up with a valid market value, they will sometimes provide you with a print out or a 'report' with this info.

    It is similar to the formula an appraiser may use to come up with a value on the home but much less work, usually completed on a more general info basis where as an appraisal is more analytica and detailed.

    You can also do some research yourself by going to realtor.com and look up similar properties in your area that are for sale to get an idea of what MFG homes on certain acreage are selling for in your area. This will give you an educated knowledge to analyze the BPO/CMA from the realtor for accuracy.
     
  4. debilorrah

    debilorrah The Great Guru of Yap Premium Member

    You can also go to zillow.com and type in the address. They give the current market value.
     
  5. Spookwriter

    Spookwriter Overrun With Chickens Premium Member

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    Feb 23, 2010
    Ohio
    The real important question is what is it worth to you?

    That's the bottom line...what is it worth to you. I assume we're
    talking about a home you, you family, would be living in. So look
    at it well, discuss it, pro's and con's and make your offer.

    You say the realtor says $25-$30,000? But you say it needs some repair?
    Things you can do, things you need professionally done? You've looked at
    it. Tell us what you feel it's worth to you as-is.

    Make the realtor a realistic offer.
     
  6. chickenzoo

    chickenzoo Emu Hugger

    Well it is on almost 30 acres, right off a main paved road. I've never lived in a trailer before, so I have no idea it's worth. The owner said they will make any repairs we need with a reasonable offer but I know in order to get the house past inspection they would have to fix it anyway. Otherwise for the few issues, it looks like a nice trailer. Zillow had no info for it...... I did find some info on the appraisers site for the property itself.

    In 2009 the trailer was worth $49,000 so how much do they depreciate?

    Then their is Just Value, and Assessed Value of the property with everything in 2009 and a Sale price of last sold I think...... trying to figure it all out...
     
    Last edited: Jun 15, 2011
  7. mangled

    mangled Chillin' With My Peeps

    We bought our doublewide in 2007, for $48,000 new. It's in good condition with no need of repairs and still has a market value of $36,000. It's depreciated $12,000 in 4 years. We've made no improvements beyond adding a wood burner, which did add a bit to the value. Our doublewide is situated on our original 13 acres and is 1300 sq feet. All I would need to do is clean it if we were to move out and sell.

    I'd say $25-30K might be pretty fair, unless the damage is extensive. You're looking at a depreciation of almost $20K in 2 years.

    I'm no realtor, though. [​IMG]

    Hope this helped.

    Blessings-
    Em
     
  8. chickenzoo

    chickenzoo Emu Hugger

    Thank you, any info helps............... [​IMG]
     
  9. Spookwriter

    Spookwriter Overrun With Chickens Premium Member

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    Just curious...what's the value of the land in Florida?
    30 arces m/l has to be worth something.

    I'm was looking at 10 acres here (Ohio) but at $100,000.00
    I think the owner bumped his head. Granted, it is flat and it
    is on the four-lane highway. But still way too much. Just a big
    hayfield right now.
     
  10. chickenzoo

    chickenzoo Emu Hugger

    Not sure, it just depends where it is. I've looked at 44 acres of cow pasture( no well etc.. ) and they were asking $157,000 for it and it's been posted for at least a year. It was pretty but off a bad road.
    Other places want that for just a small section...... or $100 for 10 acres of woods. Just depends.
     

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