Finding comps for manufactured homes

3 Replies

I have  come across a very motivated seller that keeps calling me back wanting me to come out and see her property and the manufactured home/ trailer she is selling. Her husband just passed and she is looking to move out quickly and head to FL closer to family. So I will be heading out tomorrow to take a look and hopefully make her a fair offer.

I have started looking for comps but can't find many similar units that have sold in the past 6 months. She is out in a rural area on about an acre of land, it's not a park. How would I determine a starting point or ball park. 

I am still new to REI and only have experience with single family homes at this point. Any help is appreciated.

My goal is to wholesale or if I can get her down low enough I will pay cash and either flip it or rent it out.

Expand your search criteria to 1-5 miles.  Must be a MH on .5+ acreage.

Gee I wish I was doing that appraisal,  Not, have already done plenty,  Rural location, first expand to 12 months then to 2 years if necessary unless there has been something to make an impact on local market,  most likely not the case in a rural location.   And expand the radius as far as you need to that has similar locational characteristics.  (Distance for amenities)  I would rather find a sale that sold 2 years ago, that has a similar size/value site, and a similar sized Mfg Home,  then a closer more recent one with a big difference in lot or structure.  Don't use a Doublewide as a comp if subject is a Single wide.  And make sure you check that well and septic. 

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