Manufactured Home Sample Appraisals?

[Valueseeker]

Hey guys/gals,

I don't see them often but occassionaly they come by. It's more intrigue than anything as I've never done one before. Nor has anyone in my office either. Ive only read about them in classes. I was wondering if anyone could suggest a good place on where to find a few samples or a place to learn more about how to do them. Are they easier/same work/ more difficult to do than a typical single fam?

Thanks everyone

 

[JTip]

http://www.piekos.com/demo

No 1004C but some fine UAD examples. Just use the google to find sample pdf reports like the site above.

 

[Valueseeker]

thanks JTip. more samples for the reference library. Ill keep searching on the webs for the 1004c.

 

[CANative]

Send me a chat. Maybe I could send you a few.

 

[Terrel L. Shields]

I found that the more you do of them, the easier they get. I have done a fair number but since I worked mainly outside secondary market, generally we didn't need to use the 1004C, and since we have few MHs on leased land, I have had mostly rural MHs. The leased properties are more involved in describing the land situation more so than describing the building itself.

 

[norapp]

Make sure you have enough listings and sales of manufactured homes. I am located in the Northeast in an area where I was doing some manufactured housing. There is not a large market for them so my radius was sometimes over 10 miles. I started to notice a high rate of foreclosures with these properties. I stopped doing them because I was really uncomfortable with the sales of newer homes when there were so many vacant bank owned one's built after 2000. I notice you are in Massachusetts so if you are in a more rural area where they are less common I would advise you to be careful. My first intro was on McKissock. They had a pretty good course explaining these properties.

 

[DWiley]

Hey guys/gals,

I don't see them often but occassionaly they come by. It's more intrigue than anything as I've never done one before. Nor has anyone in my office either. Ive only read about them in classes. I was wondering if anyone could suggest a good place on where to find a few samples or a place to learn more about how to do them. Are they easier/same work/ more difficult to do than a typical single fam?

Thanks everyone

I recommend the course that Rich Heyn developed for the AI. did not do a lot of them either, but I found that course was one of the best I have ever taken.