inherited a mobile home
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Linda Arndt
inherited a mobile home
My Mom passed away November 10th, and left my sister and I her 1973 M.L.E Mobile Home. It has to be moved, and we are at a loss as to what to do. We are paying lot rent of 265 a month that neither of us can afford. How do we get it sold? Any suggestions, or ideas would be helpful.
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David Oxhandler
Re: inherited a mobile home
The Manufactured Housing Multiple Listing Service has emerged as the web's number one most popular destination for buyers searching for a manufactured home and the easiest place in the world to sell. The Multiple Listing Service includes listings BY OWNER, BY DEALER, BY BUILDER and BY FINANCE COMPANIES Thousands of manufactured housing shoppers from across the country browse through the MLS every day searching for the home of their choice. Listings are searchable by city, state, number of bedrooms and baths, manufacturer, year built and price. Each listing also auto-interfaces with Yahoo Maps. There is a MAP link included each listings individual page. When clicked it will auto-generate a map of the location of the home for sale and the surrounding area. Sellers can easily upload as many as 5 photos of the interior and exterior of their home(s). When you sell your home on the MH MLS there is NO SALES COMMISSION. Thousands of people see your ad every day - it is available 24/7 . Online Changes are FREE. There is no charge to edit your ad text or photos at any time. There is NO TIME LIMIT on your listing and no re-listing fees. Your home stays on line for as long as long as it takes to sell. All this for a one time listing fee of only $29.95! It is very easy to put your homes on line. Go to http://mfdhousing.com/portal/fsbo/user_signup.php and set up a user account. It takes less than five minuets.
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Pendragon
Re: inherited a mobile home
Linda.. unfortunately a 1973 mobile home is virtually worthless, especially if it has to be moved.
I would suggest donating to someone.
I would suggest donating to someone.
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David Oxhandler
Re: inherited a mobile home
Pendagon it is just not true - the value of any structure depends on 2 factors. location and condition. A 1973 12 wide that has been well maintained and that is located in a MH Park on the Gulf Coast will sell for considerabley more than a brand new doublewide on a purchased lot in Middle Georgia.Pendagon Im afraid that you have been misinformed about home appreciation/depreciation - But dont feel like your alone. "Many Americans have been victimized by an outdated conception of manufactured homes—one which has been perpetuated in the news media... IN FACT, manufactured homes held up well, even when compared to site-built homes. That this was be the case should not really surprise anyone: since 1999, manufactured homes have been built and installed to standards tougher than any but the most recent codes for site-built structures." (http://www.builtstronger.com/myths.html)
For a point of view from the Lakeland Florida area, where there are more manufactured homes per sq mile than any place else on earth, take a look at this article from LEN BONIFIELD. He tells us "As with all real estate, location and maintenance of the home play a huge role in determining the rate and extent of appreciation. In a community setting, location equates to amenities, location in the state, proximity to rivers, lakes coastlines, etc. In most average communities, homes that are 25 to 30 years old can be found selling for $15,000 to $30,000, when they sold new for under $10,000. It's not much, but it is some, appreciation. A recent newspaper article related a manufactured home for sale for more than $250,000 in Broward County. It is common to see 30-plus-year old homes sell for more than $100,000 in the Fort Myers area." He tells us "If you go to Natalie Estates in Stuart and hundreds of other good communities in Florida, you will find 1970's parks where housing has appreciated greatly. California is another classic example of selling prices several times more than they sold for originally." Read the entire article - Factory-Built Homes Appreciate Consumers Union also has point of view different than yours
http://www.consumersunion.org/pdf/mh/Appreciation.pdf Read it and learn that "average appreciation rates of manufactured homes packaged with owned land are statistically in line with the site built market, and there are few inherent reasons that a home built in a factory should perform differently than one built on site""For many years, people have assumed that the value of manufactured homes depreciates. This is not so. Studies conducted at two Universities revealed that the determining factor of appreciation in both types of homes was their location. Maintenance also plays a major role.If a home of any kind is built or setup in a bad neighborhood or area it will probably depreciate no matter what. In a good area or neighborhood they will generally appreciate in value depending on the local housing market and economy. In the case of a manufactured home, if it is setup on a permanent foundation with a concrete pad, blocked properly and anchored properly, with good drainage so water does not sit under the home and if one buys from a reputable dealer who uses good setup people, the home will be no different than a site built home. It would appreciate in value at the same rate as a site built home in the same area.The cost of manufactured homes is significantly lower than the cost of site-built homes. This gives them an instant appreciation between what the home actually cost the homebuyer and what its market value is. In some cases, a multi-section manufactured home has sold for more the second time than the first. Properly setup and well taken care of, you are talking about a fantastic investment potential." (http://www.rebelhome.net/myth.html)
Here are a few more opinions - lifted from the MHI web site:
Manufactured Housing Research ProjectUniversity of Michigan, 1993Dr. Kate Warner and Dr. Robert JohnsonThis study is divided into six sections dealing with various questions surrounding manufactured housing: Quality, Costs and Finance, Values, Impacts on Adjacent Property Values, Manufactured Housing and the Senior Population, and Alternative Ownership and Innovative uses. Findings included: - Manufactured housing quality has become essentially equivalent to that of conventional housing - Manufactured housing compares favorably with site-built housing as an affordable housing option - Manufactured housing, like site-built housing, can be viewed as an investment with probabilities of appreciation and equity accumulation - Manufactured housing has no impact on the appreciation rates of surrounding properties, putting to lie the myths of negative property value impacts.The Future of Manufactured HousingHarvard University Joint Center for Housing Studies, 1997Kimberley Vermeer and Josephine Louis The Harvard Joint Center report is essentially a survey of previous academic studies of manufactured housing. It draws from earlier Joint Center studies, particularly Residential Property Value and Mobile/Manufactured Homes: A Case Study of Belmont, New Hampshire," which is Thomas Nutt-Powell’s 1986 examination of property value impacts of manufactured housing, as well as the Manufactured Housing Research Project abstracted above. The Future of Manufactured Housing points out some areas that the industry needs to address (many of them dealt with in the Manufactured Housing Improvement Act, such as installation) and the conclusions that it draws are generally very favorable for the industry. The Impact of Manufactured Housing on Adjacent Site-BuiltResidential Properties in North CarolinaEast Carolina University, 1997Dr. Richard Stephenson and Dr. Guoqiang Shen.The first examination of property value impacts of manufactured housing that draws on real-world spatial relationships via GIS data, The Impact of Manufactured Housing on Adjacent Site-Built Residential Properties in North Carolina dispels the twin myths that manufactured housing automatically depreciates and drags down surrounding property values. The most telling findings were: - Manufactured homes with a fixed foundation or listed as real property appreciated at comparable rates to site-built residential properties - There is no clear negative correlation between the overall appreciation rate of site-built residential properties and the presence of manufactured housing in close proximity Manufactured Home Life, Existing Housing Stock Through 1997Iowa State University, May 1998Dr. Carol B. Meeks An update to an earlier study conducted when Dr. Meeks was with the University of Georgia, this study takes a more comprehensive look at the manufactured housing stock to determine the life expectancy of manufactured homes. Manufactured Home Life, Existing Housing Stock Through 1997 finds that the life expectancy of manufactured homes is comparable to the life expectancy of new site-built homes.Code Comparison Study - MHCSS vs. CABO One- and Two-Family Dwelling and Model Energy CodesUniversity of Illinois at Urbana-Champaign School of Architecture, January 1998Jeffrey Gordon and William B. Rose Compares the applicable requirements of standards for construction of a home built to the federal Manufactured Home Construction and Safety Standards (HUD Code) with the CABO One- and Two-Family Dwelling Code and Model Energy Code. The comparison concludes that while in some areas the HUD Code requirements are more restrictive, and in other areas the CABO code are, on balance the two codes are comparable, resulting in houses that perform similarly.Identification and Measurement of Zoning Barriers Related to Manufactured Housing: A Location and Accessibility Analysis East Carolina University, 1999Dr. Richard Stephenson and Dr. Guoqiang Shen The 1999 ECU Study examines what impact zoning has on manufactured housing placement and it’s proximity to "positive" versus "negative" public facilities. For the purposes of the study, "positive" facilities included environmental, health and emergency rescue services; cultural, recreational and education services; and auto, food, shopping and other business services. "Negative" facilities include landfill and solid waste sites and other similar uses. Findings include: - Manufactured housing is located farther from "positive" community facilities, which is especially significant in the area of life safety services - Manufactured housing is located closer to "negative" public facilities such as landfills and solid waste facilities - Zoning districts where manufactured housing is a permitted use have a higher percentage likelihood of being located in flood zones The general conclusion is that many of the negative perceptions of manufactured housing are in fact self-fulfilling prophecies perpetuated in part by the limited placement opportunities created through local government zoning actions.The Impact of Manufactured Housing on Adjacent Site BuiltResidential Properties in Two Alabama CountiesAuburn University - Montgomery, 2000Charles E Hegji and Linda MitchellThis study used property valuations from Montgomery and Lee Counties in Alabama to assess the impact of proximity to manufactured housing on site-built property value. Using a methodology similar to that use by East Carolina University in their earlier study, including a spatial analysis using GIS, the Auburn University - Montgomery study concluded that: - The appreciation rates of individual manufactured homes in both counties were comparable to those of site-built properties - Proximity to manufactured housing did not appear to be a significant determinant of property values of site-built residential housing (www.manufacturedhousing.org/)
"The appreciation in value of manufactured homes comes back to the old real estate axiom -- location, location, location. When properly sited and maintained, manufactured homes will appreciate at the same rate as other homes in surrounding neighborhoods" (http://www.mhao.org/myths.asp)
webmaster
For a point of view from the Lakeland Florida area, where there are more manufactured homes per sq mile than any place else on earth, take a look at this article from LEN BONIFIELD. He tells us "As with all real estate, location and maintenance of the home play a huge role in determining the rate and extent of appreciation. In a community setting, location equates to amenities, location in the state, proximity to rivers, lakes coastlines, etc. In most average communities, homes that are 25 to 30 years old can be found selling for $15,000 to $30,000, when they sold new for under $10,000. It's not much, but it is some, appreciation. A recent newspaper article related a manufactured home for sale for more than $250,000 in Broward County. It is common to see 30-plus-year old homes sell for more than $100,000 in the Fort Myers area." He tells us "If you go to Natalie Estates in Stuart and hundreds of other good communities in Florida, you will find 1970's parks where housing has appreciated greatly. California is another classic example of selling prices several times more than they sold for originally." Read the entire article - Factory-Built Homes Appreciate Consumers Union also has point of view different than yours
http://www.consumersunion.org/pdf/mh/Appreciation.pdf Read it and learn that "average appreciation rates of manufactured homes packaged with owned land are statistically in line with the site built market, and there are few inherent reasons that a home built in a factory should perform differently than one built on site""For many years, people have assumed that the value of manufactured homes depreciates. This is not so. Studies conducted at two Universities revealed that the determining factor of appreciation in both types of homes was their location. Maintenance also plays a major role.If a home of any kind is built or setup in a bad neighborhood or area it will probably depreciate no matter what. In a good area or neighborhood they will generally appreciate in value depending on the local housing market and economy. In the case of a manufactured home, if it is setup on a permanent foundation with a concrete pad, blocked properly and anchored properly, with good drainage so water does not sit under the home and if one buys from a reputable dealer who uses good setup people, the home will be no different than a site built home. It would appreciate in value at the same rate as a site built home in the same area.The cost of manufactured homes is significantly lower than the cost of site-built homes. This gives them an instant appreciation between what the home actually cost the homebuyer and what its market value is. In some cases, a multi-section manufactured home has sold for more the second time than the first. Properly setup and well taken care of, you are talking about a fantastic investment potential." (http://www.rebelhome.net/myth.html)
Here are a few more opinions - lifted from the MHI web site:
Manufactured Housing Research ProjectUniversity of Michigan, 1993Dr. Kate Warner and Dr. Robert JohnsonThis study is divided into six sections dealing with various questions surrounding manufactured housing: Quality, Costs and Finance, Values, Impacts on Adjacent Property Values, Manufactured Housing and the Senior Population, and Alternative Ownership and Innovative uses. Findings included: - Manufactured housing quality has become essentially equivalent to that of conventional housing - Manufactured housing compares favorably with site-built housing as an affordable housing option - Manufactured housing, like site-built housing, can be viewed as an investment with probabilities of appreciation and equity accumulation - Manufactured housing has no impact on the appreciation rates of surrounding properties, putting to lie the myths of negative property value impacts.The Future of Manufactured HousingHarvard University Joint Center for Housing Studies, 1997Kimberley Vermeer and Josephine Louis The Harvard Joint Center report is essentially a survey of previous academic studies of manufactured housing. It draws from earlier Joint Center studies, particularly Residential Property Value and Mobile/Manufactured Homes: A Case Study of Belmont, New Hampshire," which is Thomas Nutt-Powell’s 1986 examination of property value impacts of manufactured housing, as well as the Manufactured Housing Research Project abstracted above. The Future of Manufactured Housing points out some areas that the industry needs to address (many of them dealt with in the Manufactured Housing Improvement Act, such as installation) and the conclusions that it draws are generally very favorable for the industry. The Impact of Manufactured Housing on Adjacent Site-BuiltResidential Properties in North CarolinaEast Carolina University, 1997Dr. Richard Stephenson and Dr. Guoqiang Shen.The first examination of property value impacts of manufactured housing that draws on real-world spatial relationships via GIS data, The Impact of Manufactured Housing on Adjacent Site-Built Residential Properties in North Carolina dispels the twin myths that manufactured housing automatically depreciates and drags down surrounding property values. The most telling findings were: - Manufactured homes with a fixed foundation or listed as real property appreciated at comparable rates to site-built residential properties - There is no clear negative correlation between the overall appreciation rate of site-built residential properties and the presence of manufactured housing in close proximity Manufactured Home Life, Existing Housing Stock Through 1997Iowa State University, May 1998Dr. Carol B. Meeks An update to an earlier study conducted when Dr. Meeks was with the University of Georgia, this study takes a more comprehensive look at the manufactured housing stock to determine the life expectancy of manufactured homes. Manufactured Home Life, Existing Housing Stock Through 1997 finds that the life expectancy of manufactured homes is comparable to the life expectancy of new site-built homes.Code Comparison Study - MHCSS vs. CABO One- and Two-Family Dwelling and Model Energy CodesUniversity of Illinois at Urbana-Champaign School of Architecture, January 1998Jeffrey Gordon and William B. Rose Compares the applicable requirements of standards for construction of a home built to the federal Manufactured Home Construction and Safety Standards (HUD Code) with the CABO One- and Two-Family Dwelling Code and Model Energy Code. The comparison concludes that while in some areas the HUD Code requirements are more restrictive, and in other areas the CABO code are, on balance the two codes are comparable, resulting in houses that perform similarly.Identification and Measurement of Zoning Barriers Related to Manufactured Housing: A Location and Accessibility Analysis East Carolina University, 1999Dr. Richard Stephenson and Dr. Guoqiang Shen The 1999 ECU Study examines what impact zoning has on manufactured housing placement and it’s proximity to "positive" versus "negative" public facilities. For the purposes of the study, "positive" facilities included environmental, health and emergency rescue services; cultural, recreational and education services; and auto, food, shopping and other business services. "Negative" facilities include landfill and solid waste sites and other similar uses. Findings include: - Manufactured housing is located farther from "positive" community facilities, which is especially significant in the area of life safety services - Manufactured housing is located closer to "negative" public facilities such as landfills and solid waste facilities - Zoning districts where manufactured housing is a permitted use have a higher percentage likelihood of being located in flood zones The general conclusion is that many of the negative perceptions of manufactured housing are in fact self-fulfilling prophecies perpetuated in part by the limited placement opportunities created through local government zoning actions.The Impact of Manufactured Housing on Adjacent Site BuiltResidential Properties in Two Alabama CountiesAuburn University - Montgomery, 2000Charles E Hegji and Linda MitchellThis study used property valuations from Montgomery and Lee Counties in Alabama to assess the impact of proximity to manufactured housing on site-built property value. Using a methodology similar to that use by East Carolina University in their earlier study, including a spatial analysis using GIS, the Auburn University - Montgomery study concluded that: - The appreciation rates of individual manufactured homes in both counties were comparable to those of site-built properties - Proximity to manufactured housing did not appear to be a significant determinant of property values of site-built residential housing (www.manufacturedhousing.org/)
"The appreciation in value of manufactured homes comes back to the old real estate axiom -- location, location, location. When properly sited and maintained, manufactured homes will appreciate at the same rate as other homes in surrounding neighborhoods" (http://www.mhao.org/myths.asp)
webmaster
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Pendragon
Re: inherited a mobile home
She said the home had to be MOVED. Therefore location is no longer part of the equation. Coupled with the fact that at 1973, it is 99.9% chance a NON HUD home and it makes it's value just about ZERO. Even a 10 year newer home in decent shape that has to moved is going to be worth very little.
You simply cannot say 'mobile homes don't depreciate' because it 'depends on location' when the home is being moved!
In most every case I've seen cited for mobile home appreciation, it is the LOCATION that has appreciated, NOT the home! While these two are tied to each other on site builts, the same is not *usually* true on manufactured homes, and the location simply cannot be counted as part of the homes value.
If I put a 40 year old pop up camper on an acre of beachfront property and it appraises for 1 million, does that mean the camper appreciated? Of couse not!
You simply cannot say 'mobile homes don't depreciate' because it 'depends on location' when the home is being moved!
In most every case I've seen cited for mobile home appreciation, it is the LOCATION that has appreciated, NOT the home! While these two are tied to each other on site builts, the same is not *usually* true on manufactured homes, and the location simply cannot be counted as part of the homes value.
If I put a 40 year old pop up camper on an acre of beachfront property and it appraises for 1 million, does that mean the camper appreciated? Of couse not!
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gene groves
Re: inherited a mobile home
If you can find the persons mobile homes can be rehabed,HUD2000 has a 20 step program to recert older mobiles,given the cost of replacement and shortage of dwellings this is becoming more viable year by year day by day. VTY Gene Groves
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Connie
Re: inherited a mobile home
I have to agree with PenDragon.......................Donate it to some needy person.
That's " if " and only "if " it can be moved at all. Some mobile homes are so old they would fall apart anyway, if you try to move them. If not then you might just have to tear it down, and move the debris.
Depends on what kind of shape it is in.
Connie
That's " if " and only "if " it can be moved at all. Some mobile homes are so old they would fall apart anyway, if you try to move them. If not then you might just have to tear it down, and move the debris.
Depends on what kind of shape it is in.
Connie
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KClark
Re: inherited a mobile home
Tell the park manager that you really don't want it. Tell them you will take $500.00 or so for it. They have folks calling, or coming by, wanting to buy older homse, if it is livable. If it isn't livable, call a mobile home transporter and see if they know of a landfill that will accept it. Most parks will not take a home that old.
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