Dee Dee
Elite Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
Any opinions on this?
Modular Homes Gain Fans, End Home-building Woes
I don't know about other areas of the country, but in these parts typical buyers will not pay as much for a modular home as they will for a stick-built. I wouldn't dream of using more than one stick-built comparable if the home was a modular.
Modular Homes Gain Fans, End Home-building Woes
Banks finance the purchases the same way (they're both construction loans for new houses) and for the purpose of getting a mortgage, appraisers can compare a modular home to a similar stick-built house.
I don't know about other areas of the country, but in these parts typical buyers will not pay as much for a modular home as they will for a stick-built. I wouldn't dream of using more than one stick-built comparable if the home was a modular.
