The blue book value of a mobile home is exactly what it sounds like — a numerical value found in a book. In the past, there were multiple books. Today, there is only one book that contains the blue book value of mobile homes. It is called the N.A.D.A. Manufactured Housing Appraisal Guide. This guide is what the professionals use to determine the value of a mobile or manufactured home. The blue book value of a mobile home is calculated using a variety of criteria. This criteria may include geographic location, make, form, size and age of the home in question.
already if you can access this manual, it is advisable to have a specialized appraiser do the job for you. The formula for calculating the value of your mobile home can be quite complicated. Book value is going to be most accurate for mobile homes and areas that are deemed average in character. It also depends on the position of the housing market in your area. Because this is such an in-thoroughness course of action, you must depend on the sets of a specialized if you want things done right. There are certain reports you can buy on the Internet that help you determine the market value of your mobile or manufactured home.
When you are buying or selling a mobile home, the blue book value will come into play. The majority of lenders require the book value when it comes to granting financing for people who need a mortgage loan in order to buy their mobile or manufactured home. If you are not ready to hire a specialized appraiser to come to your character, you can order an appraisal on the Internet. You will need to provide detailed information about the character for the online appraisal service to use. These types of sets and reports provide you with an accurate idea of your mobile home’s blue book value so you can decide if you want to sell or not. Mobile homes do not usually appreciate in value, but this is not a hard and fast rule but rather a more general one.