A resource exists that provides pricing guidance for manufactured homes, similar to how automotive values are assessed. This guide assists in determining the fair market price of a pre-owned manufactured residence, taking into consideration factors like age, size, condition, and location. For example, a 2005 double-wide in good condition in a specific county might have a listed value range, helping both buyers and sellers establish a realistic expectation.
The significance of this type of valuation tool lies in its ability to bring transparency and objectivity to the manufactured housing market. It benefits buyers by preventing overpayment and empowers sellers to justify their asking price. Historically, valuation has been challenging due to the unique characteristics of this housing segment, making a standardized resource invaluable for informed decision-making and financing approvals.