This useful resource is a information that gives valuation estimates for manufactured houses, factoring in features similar to age, measurement, options, and situation. It serves as a benchmark for figuring out truthful market worth. As an illustration, a 1995 double-wide with normal facilities situated in a selected area could also be listed with a sure valuation vary primarily based on this information.
Its significance lies in helping consumers, sellers, lenders, and insurance coverage corporations 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 information accessible for conventional actual property. This helps guarantee transparency and reduces the potential for pricing discrepancies.