Using an online valuation tool or pulling comps in your neighborhood is easy and quick, but you’ll receive more accurate results using a REALTOR® or appraiser. Deprecation is a combination of all of the other factors we’re talking about today. It includes everything from location and market to age and cosmetics. We’ve already touched on all of those, but since depreciation in mobile homes is such an important subject and has so much bearing on your mobile home’s value, it’s worth explaining.
In real estate bubbles and competitive markets, sale-to-list ratios rarely dip below 90%, and can top 100%. › Changes in the real estate market can lower the value of your home. Natural disasters and climate change can lower your property value because the property is a greater risk to purchase. Foreclosures in your neighborhood can also drive down property value. Get a preliminary home value estimate in as little as two minutes.
Get a real-world home value estimate in less than two minutes
That’s brought the demand and property values up for homes outside of the city in a way we’ve not seen before. Prices outside the city are rising much faster right now than within the city,” states Freeman, who works with over 68% more single family homes than the average agent in her Seattle market. So many specific things about your mobile home influence its market value.
