How Do You Trade in Your Manufactured Home?

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Want to learn more about how the manufactured home trade-in process works? We’re here to answer your questions!

There are many reasons why you may be interested in trading in your current manufactured home. Maybe you need a few more bedrooms now that the kids (or grandkids) have gotten older. You may want a more modern, energy efficient home with an updated kitchen and bathrooms. Or maybe you’re moving to a new location and looking for a new home to suit it.

Whatever your specific needs are, a Clayton Built® home that’s both stylish and affordable is a wonderful choice, and we’re here to help you find the one that’s perfect for you.

Let’s talk about how trading in your current manufactured home works so you can take the next step toward finding the home of your dreams.

Living room featuring light wood accent wall with black console table, black and wood coffee table and cream chairs, couch and rug.

How the Trade-in Process Works

We know that no two home buying experiences are the same, so let’s look at trade-in scenarios that may fit your specific situation.

In some cases, your local Clayton home center will accept your current home, and its trade-in value -- as determined by the home center -- will be applied toward your down payment or purchase price on a new Clayton Built® home. If you need financing, make sure to talk to your lender about whether any additional down payment funds are required along with the trade-in value, which may depend on the price of your new home. You should also talk to your home center to see if they require any additional deposit funds.

Your local home center evaluates trade-in homes of any age and condition, and they can usually assist with the removal of your old home to make room for your new home. While you may not receive any trade-in value toward a new home, you won’t have to worry about what to do with your current home.

If you’re looking at trading in your home, you might be wondering if your home needs to be paid off before you can trade it in. The answer can depend on your situation. You should talk to your current lender if you have an outstanding loan on the home you’re trading in to determine the payoff amount on your current loan. In many situations, however, it may not be necessary to pay off your current home before trading it in. Be sure to talk to the consultant at your local home center about all the potential trade-in options that may be available to you.

Man wearing T-shirt and hard hat looks at clipboard while inspecting a manufactured home.

How the Value of Your Current Home is Determined

All manufactured homes that were built in or after 1976 have a NADA® value. The NADA® value will give you an idea of what your current home may be worth and will be one of the factors that the home center considers as it estimates your current home’s trade-in value.

Other factors that also affect the trade-in value of your home can include the home’s condition, its foundation and the potential costs for the home center to transport the home.

To help determine the trade-in value, a representative from the home center may perform an in-person evaluation at your current home. This evaluation provides the home center with additional information that is necessary to help it determine your home’s trade-in value.

Home Condition and Trade-In Value

Some of the questions the home center will evaluate during this inspection include:

  • Will the home center have to replace the carpet?
  • Will the home center have to paint the walls or ceiling?
  • Will the home center need to run new plumbing?
  • Does all the electrical wiring work?
  • Are the appliances still in good condition?
  • Are all the windows and the roof in good condition?

Woman with gray hair and pink sweater smiles at camera as she signs paperwork at a home center.

How to Get Started on Your Trade-in

Our Clayton home centers offer a free trade-in evaluation, so a home consultant can help you begin the trade-in process based on your specific details and let you know what to expect as you get started. Tip: To help everything go smoothly, make sure you have the title to your home ready to go. If you don’t have the title yet because your home is not paid off, you will need to know the year, make and model of your home to get started.

Combining quality products from well-known home building brands, options like Clayton’s exclusive Energy Smart® Home package and gorgeous design features, a Clayton Built® home is a wonderful choice for you and your family.

Contact your local home center today to make an appointment and take the next step toward finding the new home that’s just perfect for you!

NADA® is a registered service mark of the National Automobile Dealers Association.

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