Mobile Homes and Building Equity: What Buyers Should Know

Gillette and Campbell County have experienced periods of rapid growth tied to the energy industry. When workers and families arrived faster than traditional housing could be built, mobile and manufactured homes helped provide a quicker, more affordable response to the housing crunch.

They remain an important part of our local housing market today. According to a Campbell County profile using 2017–2021 U.S. Census data, the county had an estimated 3,969 mobile or manufactured homes—approximately 20% of all housing units.

But can buyers build equity in a mobile or manufactured home? The answer depends on several factors, including:

• Whether the home is sold with land or located on a leased lot

• How the home is titled and legally classified

• The type of financing available

• Its permanent foundation, condition and location

• Demand within the local market

  
  

A manufactured home purchased with land and titled as real property may offer a clearer path toward traditional mortgage financing and long-term equity. Homes on leased land can still build equity, but the financing and resale considerations may look different.

Learn more about financing, ownership and equity in the RE/MAX blog: Can You Build Equity in a Mobile Home? Here’s the Reality.

If you are considering buying or selling a mobile or manufactured home in Northeast Wyoming, contact a RE/MAX Professionals agent for guidance based on the property and your individual situation.

Source: Wyoming Community Development Authority, Community Profile of Campbell County, using 2017–2021 U.S. Census data.

What does a listing agent do?

Selling a home involves much more than putting a sign in the yard and adding the property to the MLS. A listing agent helps sellers determine the right price, prepare and market the home, coordinate showings, evaluate offers, negotiate terms, manage important details, and navigate the transaction through closing.

The right listing agent also brings something especially valuable: local knowledge. At RE/MAX Professionals, our agents understand the Gillette and Northeast Wyoming markets and provide experienced guidance tailored to each seller’s property and goals.

An important reminder for buyers: You do not have to work with the agent who listed the home. Buyers can choose their own real estate agent to represent and guide them throughout the purchase.

Wondering what a listing agent really does behind the scenes?

Take a look at this helpful overview from RE/MAX:https://blog.remax.com/what-does-a-listing-agent-do/

Real Estate “Comps”: What Are They and Why Do They Matter?

If you’ve been around real estate at all, you’ve probably heard the term “comp”—but what does it actually mean?

A “comp,” short for comparable sale, is a recently sold property with characteristics similar to the home being evaluated. Agents look for homes in the same neighborhood or area with comparable square footage, bedrooms and bathrooms, property type, age, condition, lot size, garage space, upgrades, and other important features. How recently the property sold also matters, especially in a changing market. In short, it's comparing apples to apples, not apples to oranges.

Appraisers also use comparable sales to develop an opinion of a home’s market value. They compare the property to similar recently sold homes and account for meaningful differences—such as size, condition, location, acreage, garages, and upgrades. These adjustments help determine whether the agreed-upon purchase price is supported by the local market.

Comps show what buyers have actually paid—not simply what sellers are asking. They help sellers price their homes, guide buyers toward competitive offers, and help lenders determine whether the home’s value supports the amount being financed.

Learn more about how comps are used in real estate:https://blog.remax.com/how-to-use-comps-to-make-a-competitive-offer-without-overpaying/