Are you considering trading in your manufactured home but unsure of the process? Look no further! We’re here to guide you through everything you need to know, from the trade-in process itself to determining the value of your current home.
Many factors might prompt you to trade in your current manufactured home. Perhaps your family has grown, and you need more space, or maybe you’re looking for a home with modern amenities and energy-efficient features. Whatever your reasons, Custom Living Homes offer both style and affordability, making them an excellent choice for your next home.
Let’s delve into the intricacies of trading in your manufactured home so you can embark on the journey of finding your perfect home.
How the Trade-in Process Works:
At your local Custom Living Homes office, you can explore the option of trading in your current home. The value of your home, determined by the appraisal, can then be applied towards the down payment or purchase price of a new home from CLMH.
If financing is required, it’s essential to consult your lender regarding any additional down payment needed alongside the trade-in value or ask your sales agent to speak to an in-house preferred lender. Additionally, inquire with the home center about any supplementary deposit requirements.
The home center is equipped to evaluate homes of any age and condition, often providing assistance with the removal of your old home to make space for the new one. Even if your current home doesn’t yield a trade-in value, CLMH can still facilitate its disposal.
Wondering if your current home needs to be fully paid off before trading it in? This largely depends on your circumstances. Consult your lender to determine the payoff amount if there’s an outstanding loan on your current home. In many cases, however, trading in your home is feasible without paying off the existing loan upfront. Your local home center consultant can elaborate on the available trade-in options tailored to your situation.
Determining the Value of Your Current Home
Every manufactured home built in or after 1976 possesses a NADA® value, providing an estimate of its worth. This value serves as one of the factors considered by the home center in assessing your home’s trade-in value.
Additional factors influencing the trade-in value include the home’s condition, foundation type, and potential transportation costs for the home center.
To ascertain your home’s trade-in value accurately, a representative from the home center may conduct an on-site evaluation. This evaluation furnishes the center with crucial information for determining the value.
Assessing Home Condition and Trade-In Value
During the inspection, the home center evaluates various aspects, such as:
– The need for carpet replacement
– Painting requirements for walls or ceilings
– Installation of new plumbing, if necessary
– Ensuring functionality of electrical wiring
– Assessing the condition of appliances
– Checking the integrity of windows and the roof
Getting Started on Your Trade-In
Excited to kickstart the trade-in process? Custom Living Homes offer complimentary trade-in evaluations conducted by experienced home consultants. They’ll walk you through the process, tailored to your specific needs. To ensure a smooth transition, ensure you have the title to your home. If the home isn’t fully paid off yet, provide details such as the year, make, and model to initiate the process.
With this comprehensive guide, you’re well-equipped to embark on your journey of trading in your manufactured home with Custom Living Homes. Give your local office a call to schedule a consultation!
