I know someone asked this already, how do I comp a Mobile Home

4 Replies

I need to know how to run a comp on a mobile home. I'm referring to mobile homes that are within a park like a trailer and not a manufactured home.

I tried Kelly blue book and it didn't help me with anything.

It was no data. If I need to look at the homes that sold in that park, how would I determine that because I used MLS data and nothing came up.

I'm at a lost with this one 😂

Ideally you'd have MLS comps in the park, if you don't your best bet is to look at similar parks, with (and this is very important) similar monthly space rent.

@Tenisha Walker You may want to talk to a few park managers and mobile home dealerships in the area. They may be able to give you a better idea of what homes are selling for depending on the age, type, and condition. You may also want to talk to the residents in the areas you want to buy. They may be able to give you some insight on what other mobile homes have sold for in their neighborhood. Hope that helps!