How much is a 1987 mobile home worth?
Typically, 1987 is the cut off for a lot of mobile home dealers looking to purchase homes. Buyers are now seeking mobile homes with shingled roofs and vinyl siding. So if you have a 1987, congratulations, you made the cut.
Now, determining the value of this home is based on several factors. If you have a 3 bedroom home, it is going to be worth more than a 2 bedroom. Likewise, a 2 bath is worth more than a 1 bath. These are common sense factors that, you do not need to read this article, to realize. However, there are some tips that you can use to determine the value of a 1987 mobile home.
- Search the Internet for your home (Same year, style, make, etc…). Find out what they are going for on the market. This will give you a base price to work with.
- Who are your target buyers?If you are looking to sell to a private buyer, you could get more for your mobile home. These people are looking to purchase a home to live in and will pay the going rate. So what’s the bad news? These buyers are few and far between and there are a ton of homes for them to choose from. Why would they buy a 1987 mobile home when they can buy a 1997 for the same price? They are also turned down by the park pretty often, because of credit problems. So, be wise when setting your price (if you want it to sell).If you are looking to sell your home quickly, you can find brokers, like we are, to buy your home. We often purchase homes within days, or even hours, from the time we view them. We do not need approval from parks and there are no issues with credit problems to interrupt the sales process. We also pay cash for all our homes, so there are no banks to deal with either. So, what’s the bad news? Since we are not going to live in the mobile home, brokers must pay less for the home in order to sell it for profit. So, put some thought into it when setting your selling price (if you want it to sell). For more on how to determine value – search our articles for selling tips.