We buy houses in Grayson Georgia and provide residents with the ideal way to sell their homes fast by offering cash for houses in Grayson GA. Are you thinking about selling a mobile home in Grayson GA? If so, you will need to determine the value of your mobile home. Learn more about how to determine what it’s really worth in our latest post!
Estimating the value of your mobile home or manufactured home is a bit different than determining the value of a single-family property. As homebuyers in Grayson GA, we give you our tips below. Even someone not in the real estate industry will be able to come up with an approximate value.
Inspect the Inside and Outside of Your Grayson GA House
It’s important to know as much as you can about the property you are selling. There will very likely be repairs needed that you hadn’t previously been aware of. Make yourself a checklist and carefully inspect every square inch of the house. On the inside, take a good look at the electrical system and make sure everything is in working order. Make sure all the switches and outlets are in working order. Check the walls to ensure stability as well as any damage from water getting in. Do the same with the roof, keeping an eye out for water staining on the ceiling and walls. Check the flooring to make sure there are no soft spots or holes. This a common problem mobile owners face that single-family owners typically wouldn’t need to worry about. Check out the plumbing to ensure all faucets work properly and that there aren’t any leaks.
Outside, you’ll want to look for any visible signs of damage to the siding and roof. Make sure there are no dents or places water can get in and that there are no soft spots or missing shingles up on the roof. You’ll want to also take a good look underneath to make sure there is no damage or pests living under the home. Look for any loose wiring or insulation and repair as needed.
Research Recent Sales in Grayson
Take a look at what other mobile homes in the area are actually selling for. Don’t take into account the ones that are listed; focus on the ones that have actually sold recently. The mobile homes need to be comparable in year build, size, and condition. Specifically look at mobile homes within 0.5 miles if you are in the city, within 1 mile if you are in the suburbs, and within 5 miles if you are in a more rural area. You can also take a look at what the county property assessor has valued your home at. While their numbers can oftentimes be lower than the market value, it can give you a good jumping-off point.
Consider the GA Neighborhood
Yes, mobile homes are mobile, but you should consider where they are currently located, especially if you own the land the mobile home is currently on. When calculating the value for your mobile home, factor in local school ratings, crime statistics, accessibility, businesses, and other amenities in the immediate area. A mobile home in a nice area will sell for more than the same mobile home in a not-so-great area.
Consult the NADA Manufactured Housing Appraisal Guide in Georgia
The National Automobile Dealers Association creates a pricing guide for manufactured homes. This is like the Kelley Blue Book of mobile homes. You can either check with your local library for a copy of the physical book or request a report online. To get a report online, there is a fee, but it will greatly help you if you are unsure of the value of a mobile home. There are multiple reports available at different price points, so you can be sure you are only paying for the information that is important to you. This report will not take into account the value of your land, only the structure. The land your mobile home is sitting on can sometimes even be worth more than the mobile home that sits on it. Be sure to do your own research as well, without solely relying on the report, especially if you own the land underneath it.
Hire a Pro in Grayson, Georgia
If you choose to hire a professional appraiser for your Grayson GA mobile home, make sure they are well experienced. Appraising a mobile home can be very different than appraising a single-family home, so you will need to make sure they know what they are looking for. Just like any other real estate, your appraiser needs to be accredited. Once they have looked over your property, be sure to review the report independently to ensure nothing was missed!
Sell My House in Grayson GA
Sell your house in Grayson GA directly to Resideum, LLC. We are local Grayson GA home buyers and we can help you determine the value of your mobile home and make you an offer to buy it. While the price may not always be retail, you will save on repairs, marketing, agent fees, commissions, and other costs you will incur when listing.
To learn more about determining the value of your mobile home, send our team a message or give us a call! (678) 710-6130
Greg Kurzner, is CEO of Resideum, Atlanta’s Professional Homebuyer company. Greg has been a force in Atlanta real estate for over 30 years. He has been involved in the sale of over 1 Billion in real estate transactions in his career and consistently ranks #1 in sales by units by Atlanta Realtor Association. In addition to Greg being a licensed real estate broker, he is also a licensed general contractor and a nationally-recognized expert in investment real estate.