This useful resource is a information that gives valuation estimates for manufactured houses, factoring in elements resembling age, measurement, options, and situation. It serves as a benchmark for figuring out truthful market worth. As an example, a 1995 double-wide with customary facilities situated in a particular area could also be listed with a sure valuation vary based mostly on this information.
Its significance lies in helping consumers, sellers, lenders, and insurance coverage firms in establishing an goal worth level throughout transactions or for appraisal functions. Its historic context is rooted within the want for a standardized valuation methodology throughout the manufactured housing market, which frequently lacks the comparable gross sales knowledge accessible for conventional actual property. This helps guarantee transparency and reduces the potential for pricing discrepancies.