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Appraisal of Manufactured Home on Leased Land...Need Help !

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Mike Ferrara

Thread Starter
Freshman Member
Joined
Mar 14, 2002
I am trying to do an appraisal of a manufactured home on leased land in a community of similar properties. I can't verify any of the comparable sales. I wonder if anyone in here has come across this problem.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
I knock on the doors of the potential comps. Usually, someone is home on the weekends.

I also charge mucho extra for this.

Leased land? How long are the leases??? That's a different animal. You sure this shouldn't be a personal property MH appraisal?
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
Ditto on Pam's comments. Is this a by the month pad rent, or a 30 year lot lease? How does the county treat it (personal or real estate)?
 
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