Comparing Double Wides To Single Wides For FHA Appraisal

[CANative]

Around here locals call them trailers no matter how many sections.

Same here. But they are mere civilians.

 

[gregb]

Someone should invent a manufactured home that sits on a slab so that there are not the steps required to enter. Would appeal to many retiring baby boomers who have sworn off any place that needs steps to gain access and who are downsizing.

 

[andrew81]

Your fav area Lee...Malibuu
$1,525,000...

http://malibumobilehomes.com/about-paradise-cove-mobile-home-park

http://malibumobilehomes.com/real-estate-listing/seminole-springs/21-seminole-springs

this would sell for about $12,000 here lol

 

[J Grant]

Someone should invent a manufactured home that sits on a slab so that there are not the steps required to enter. Would appeal to many retiring baby boomers who have sworn off any place that needs steps to gain access and who are downsizing.

can't they install a handicapped ramp? I doubt it is a few steps that prevent boomers from buying these...more like they still are perceived as inferior construction or their locations/other reasons. Boomers tend to buy attached one level villas instead often with amenities in a community

 

[J Grant]

IMO appraisers that use terms that the typical market participant would not use are just posturing to make themselves look or feel smarter. Folks that live in doublewides call them doublewides. I typically use the term doublewide HUD code manufactured home in my reports. If I'm feeling particularly PC, I'll also use multi-section HUD code manufactured home. I don't think I've every heard one of the homeowners refer to them as HUD code manufactured home, or a multisection HUD code home but almost all call a doublewide a doublewide.

We can talk to the homeowner one way (call it a double wide or SW ) and use appropriate language in your report whatever is best description or professional for your report.

BTW folks expect a professional who comes to their house to act as that...can use their language but not to the point of pandering to them- have some dignity and grow up, your role is what it is and if you are trying to act dumb to fit what you think your owners are that is a worse form of PC/reverse elitism lol....

 

[Mr Rex]

FWIW, NC is 2nd nationwide in the percentage of manufactured homes, you know the things folks call doublewides and singlewides. SC is 1st, Florida is 17th and CA is 38th. Just saying...

 

[The Bob]

 

[Deleted member 128537]

The problem with one sectional homes is they are more often in mobile home parks. I’ve done a number of them and I don’t care what part of the country you are in they are far and few between. And then often they aren’t on permanent foundations when they aren’t in mobile home parks.

 

[gregb]

The problem with one sectional homes is they are more often in mobile home parks. I’ve done a number of them and I don’t care what part of the country you are in they are far and few between. And then often they aren’t on permanent foundations when they aren’t in mobile home parks.

You need to get out and about my friend. What may apply in Wisconsin is not necessarily the reality elsewhere. At a small mobile home park here in Carpinteria, in a park, there are single wides, selling for $400k+. On a one year lease, no site fee simple ownership.

 

[CANative]

I have at least half a dozen "neighborhoods" in Lake County that are more than 70% single section MH's. Many developments were subdivided specifically for single wides (the term then) and have 25'x50' lots.