If you’re thinking of selling your mobile home in Montreal, you’ll need to determine its value. Find out how to determine its value by reading our latest article!
Estimating the value of a mobile or prefabricated home is not exactly the same as estimating the value of a family home. Thanks to the tips below, even those who don’t work in the real estate industry will be able to arrive at an approximate value.
Inspect inside and out
The aim is to find out as much as possible about the property you want to sell. There’s sure to be work to do that you didn’t see coming. Make a checklist and inspect every square foot of your home. Inside, pay particular attention to the electrical system and make sure everything is in order. Also check that all switches and sockets are in good condition. Check the solidity of the walls and make sure there’s no water damage. Do the same with the roof, and look for water stains on the ceiling and walls. Check that there are no soft spots or holes in the floor. This is a common problem in mobile homes, even if owners of family homes don’t usually have to worry about it. Take a look at the plumbing: check that all the taps are working and that there are no leaks.
On the outside, you’ll need to pay particular attention to the roof and check for any signs of damage. Check that there are no dents, gaps or other places where water could seep in. Make sure there are no soft spots or missing shingles. Finally, look under the building to make sure there’s no damage or pests living underneath. And keep an eye out: you may notice loose wiring or insolation materials, then do the necessary work.
Search for recent sales
Take a look at what other mobile homes in your area have recently sold for. Don’t take into account homes that are currently for sale; look instead at those that have actually sold. Comparable mobile homes must have been built around the same time as yours, and be similar in size and condition. More specifically, we advise you to look at mobile homes that have sold within a 1 kilometer radius if you’re in the city, 2 kilometers if you’re in the suburbs, or 8 kilometers if you’re in a rural area. You could also look at how much your property has been valued at by the city in which it is located. The amount assessed by a city is usually lower than the real market value of a property, but it will give you an idea.
Taking the neighborhood into account
While it’s true that, by definition, a mobile home can be moved, you should take its current location into consideration, especially if you own the land on which the house sits. When trying to determine the value of your mobile home, consider the reputation of local schools, crime rates, as well as restaurants, stores and other attractions in the immediate area. A mobile home located in a pleasant area will sell for much more than the same house in an ordinary neighborhood.
Hooking up a professional
If you decide to hire a professional appraiser to determine the value of your Montreal mobile home, make sure he or she is experienced. Appraising a mobile home is not the same as appraising a family home. That’s why you need to make sure your appraiser knows what he’s doing. In Quebec, you can easily find a chartered appraiser by consulting the Ordre des évaluateurs agréés du Québec website. Once your appraiser has looked over your property, be sure to review his or her report yourself to make sure nothing has been overlooked!
The Vendre Maison Vite team can help you determine the value of your mobile home, and even make you an offer for it. Our offer price is not always as high as the market price, but you can save on work, promotion, agency fees, commissions and much more if you sell directly, without advertising your property on the market.
