What’s my Arizona Mobile Home Worth?

What’s My Mobile Home Worth?

β€œValuation does not come from your local county assessor.” Bold statement from someone you don’t know! There are two factors that a seller must consider when a β€œZestimate” is displayed on the famous real estate platorm, Zillow or a mailed letter from local accessors arrives with a dollar amount attached. That consideration is, β€œDo you own the land?” 

Sellers all over the valley in Phoenix, Peoria, Scottsdale, Avondale, Gilbert, Chandler, Apache Junction, Mesa, Scottsdale, Buckeye, El Mirage and other surrounding areas, are not quite sure why they are having difficulties getting similar offers that Zillow and local municipalities are suggesting. Mobile home owners in local mobile home communities are leased land occupants. Their dwelling is all they own and not the ground it sits on. The question is, why are Zestimates unreliable for leased-land mobile home owners? At the end of 2021 Zillow got out of the flipping business after discovering inaccuracies in their ever-so-famous β€œThe Zestimate.” They found it impossible to forecast future prices thus resulting in concern for reliability on their assessed value tool. 

Although Zillow does not share their algorithms, we do know that they use local records of home sales for similar size homes, within certain distances. How does that affect a mobile home owner on leased land? Considering the difficulty to determine land ownership or leased land, mobile home owners may be subject to wrongful information on valuation and the result? Misguided optimism!

With local mobile home dealers, their understanding on leased land mobile homes may be what a seller needs in order to escape the trap of their property sitting on the market at the wrong price and for extended periods of time. Additionally local dealers can help with determining the right price for a buyer to purchase.

START HERE: We buy mobile homes in ANY CONDITION. Whether you need to sell your mobile home fast for cash or list with a local agent for top dollar, we can help.

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