Mobile Home in Sonoma sells for $55,000 above appraised value

SONOMA, CA --

It's a good sign that the market is turning around in the MHP business.

The appraisal fell $55,000 short, but the determined buyer didn't back out of the deal.

This is THEE house for this couple. The contract sales price was nearly $180,000, but due to dropping sales prices in the subject park, the appraisal came in at $125,000.

It's been several years since anything like this has happened.

Buyers paying substantially more for a used manufactured home in a park than the appraised value.

Let's see if this trend continues.....


Dave Shanklin
Mobile Brokers Acceptance
Fair Oaks, CA
NMLS ID # 314463
800-401-3372