If you’re considering selling your mobile home, then you are probably trying to determine your selling price. Part of that process is getting an appraisal (or valuation) on your home. So, if you’re wondering, “Can appraisals affect the selling price of a mobile home in Lafayette?” then keep reading…
When selling your mobile home, you’ll be juggling a lot of numbers!
- There’s the asking price – the price you WANT to sell your mobile home for
- There’s the appraisal or valuation – the price that a real estate professional thinks you should try to sell your mobile home for
- There’s the selling price – the price that someone will ultimately pay for your mobile home.
Can Appraisals Affect The Selling Price on a Mobile Home?
Here’s the answer:
An appraisal should probably affect your asking price but it won’t affect the selling price. Here’s why…
An appraisal is an educated guess. When you want an appraisal, the professional who gives you the appraisal will usually find the number based on what other comparable mobile homes in the area have sold for recently.
They’ll look at several factors (including, but not limited to the number of bedrooms or bathrooms, whether the basement is finished or not, etc.). Of course, it’s just an educated guess based on research, and other factors may influence the price beyond the appraisal.
The appraisal will highlight things you want to be aware of. It will show you what other people are willing to pay for a mobile home and often what they consider to be important factors in the area.
The appraisal will then help you select an asking price that potential buyers seem willing to pay. For example, you might choose an asking price that is higher than the appraisal because your mobile home is a better mobile home, or you might choose an asking price that is lower than the appraisal because your mobile home needs some work.
The Bottom Line
The appraisal is a guide, an educated guess. However, you should also be aware that appraisals are not always correct. There are many factors that determine the sale price of a mobile home and an appraisal is only a starting point. Therefore, it won’t likely influence the selling price.
Are you thinking about selling your mobile home?
Can appraisals affect the selling price of a Mobile Home in Lafayette? It won’t likely, but why bother with showing your mobile home to a bunch of strangers, and waiting a month while they decide whether or not they want to buy? You can get a fair all-cash offer from us to buy your mobile home fast and then you don’t have to worry about getting an appraisal, listing the mobile home, showing your mobile home, or negotiating. Just pick up the phone and give our team a call at 337-508-0795 or click here now and enter your information into the form.
- Are you worried about repossession?
- Does the mobile home need more repairs than you can make?
- Did you inherit a mobile home you don’t want?
- Are you tired of expensive lot fees?
- Are there bad tenants you can’t get rid of?
- Do you own a mobile home that is sitting vacant?
- Do you have liens on the mobile home?
- Do you need to sell your mobile home fast?
For those considering DIY, we recommend checking out this helpful Book for guidance, as well as our picks for the Best Mobile Home Parts and Supplies and the Best Tools for Mobile Home Repairs.
No matter why you need to sell your mobile or manufactured home in Lafayette, LA we can help you! Get a cash offer today.
Or if your mobile home needs to be moved. Get a free quote now.
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Our Values…
Return phone calls and close on time.
INTEGRITY: We do what we say we will do. No surprises at closing!
SPEED AND CONVENIENCE: If you need to sell quickly and are willing to take a reduced price for speed and convenience…WE CAN HELP YOU! If you want the total retail value of your home and can wait to sell it…a better option is to get a realtor. Our specialty is speed and a hassle-free buying process!
We get things done! Our team is proactive, anticipating and solving problems.
Place a high premium on transparency and accountability.
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