Trade-Up Program
A modern manufactured home, within reach. Put the value of your current home toward your next one.
Are you considering trading in your manufactured home but unsure of the process? We are 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 are looking for a home with modern amenities and energy-efficient features. Whatever your reasons, Custom Living Homes offers both style and affordability, making them an excellent choice for your next home.
Let us walk through the details of trading in your manufactured home so you can start 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 toward the down payment or purchase price of a new home from CLMH.
If financing is required, consult your lender about any additional down payment needed alongside the trade-in value, or ask your sales agent to speak to an in-house preferred lender. Also check with the home center about any supplementary deposit requirements.
The home center can evaluate homes of any age and condition, often helping with removal of your old home to make space for the new one. Even if your current home does not 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? That largely depends on your circumstances. Consult your lender to determine the payoff amount if there is an outstanding loan. In many cases, trading in your home is feasible without paying off the existing loan upfront. Your local home center consultant can explain the trade-in options tailored to your situation.
Determining the value of your current home
Every manufactured home built in or after 1976 has a NADA® value, providing an estimate of its worth. This value is one of the factors the home center considers when assessing your home's trade-in value.
Additional factors include the home's condition, foundation type, and potential transportation costs for the home center.
To determine your home's trade-in value accurately, a representative from the home center may conduct an on-site evaluation, which gives the center the information needed to set 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
- Functionality of electrical wiring
- Condition of appliances
- Integrity of windows and the roof
Getting started on your trade-in
Excited to kickstart the trade-in process? Custom Living Homes offers complimentary trade-in evaluations conducted by experienced home consultants who walk you through the process, tailored to your needs. To ensure a smooth transition, have the title to your home ready. If the home is not fully paid off yet, provide details such as the year, make, and model to get started.
With this guide, you are well-equipped to begin trading in your manufactured home with Custom Living Homes. Give your local office a call to schedule a consultation.
