How do I get a value on property?

One way to get the value is to order an appraisal. The best way is to connect with a local agent that can assess the value, prepare a comparative market analysis and recommend a price. This will include recent sales of properties with similar features so you can determine what buyers are willing to pay for it.

Getting an accurate value on a property requires understanding which type of valuation you need and choosing the right tool for that purpose. In Tennessee and across the Southeast, there are three primary options: a comparative market analysis (CMA) from a local real estate agent, a licensed appraisal from a state-certified appraiser, and automated valuation models like Zillow or county tax assessments. Each serves a different purpose and has different accuracy levels. A CMA is free, fast, and appropriate for making a buy or sell decision in the current market. A licensed appraisal carries legal weight and is required for estate settlement, divorce proceedings, tax appeals, and certain financing transactions. It costs $400 to $700 in most Tennessee and Florida markets. Automated models are useful for a quick directional ballpark but can be 10 to 20 percent off on individual properties, particularly in rural areas or markets with limited recent comparable sales. If your goal is to list a property or make a buying decision, start with a CMA from a local agent who has walked comparable properties. If you need a value for legal or financial purposes, hire a licensed appraiser. Kevin Neely & Kaitlynd Robbins | K2 Sells

The best way to determine value is by looking at comparable sales, but with a property like this, you have to evaluate both the land and the home separately. With an older double wide, a lot depends on age, condition, whether it’s on a permanent foundation, and how it compares to others that have sold nearby. In some cases, the majority of the value is actually in the land, not the home itself. Money you put into it doesn’t always translate directly into value, so the focus is really on what buyers in that area have recently paid for similar properties. The most accurate approach is to have a local agent put together a detailed market analysis using recent sales, active listings, and current demand. That will give you a realistic range to work from. From there, it’s about choosing a price that attracts the most interest while still protecting your value. If you’d like, I can take a look at the property and give you a clear idea of what it would likely sell for and how to position it.

Find a local Realtor you and your mother agree to work with and have that agent work up a market analysis. This will include comparable sold and active on market properties so that you can see what similar properties have sold for and are on market for at present. You can pay for an appraisal as well but it may not be necessary, since your local Realtor should have current market data. If the property is super unique and comparable properties are hard to find or non existent then the appraisal my be the way to go.