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This document serves as an appraisal report for manufactured homes, detailing the necessary information for appraisal including condition, repairs needed, and other pertinent details regarding the

How to fill out manufactured home appraisal report

How to fill out Manufactured Home Appraisal Report

1. Obtain a copy of the Manufactured Home Appraisal Report form.
2. Gather relevant information about the manufactured home, including its age, size, and condition.
3. Note the home's location, including specifics about the lot and any community features.
4. Collect data on comparable properties in the area to aid in valuation.
5. Fill out the identification section with the home's details, including serial number.
6. Complete the property condition section by documenting any repairs or issues.
7. Assess the home’s features, such as the number of rooms and types of appliances.
8. Use the information from comparables to estimate the market value of the manufactured home.
9. Review the entire report for accuracy before submitting.

Who needs Manufactured Home Appraisal Report?

1. Homebuyers looking to purchase a manufactured home.
2. Lenders assessing the value for financing purposes.
3. Insurance companies determining coverage rates.
4. Homeowners seeking to refinance or sell their property.

People Also Ask about

How to write an appraisal report?

When you fill the form: Be honest and critical. Analyze your failures and mention the reasons for it. Keep the words minimal. Identify weaknesses. Mention your achievements. Link achievements to the job description and the organization's goals. Set the goals for the next review period. Resolve conflicts and grievances.

Are modular homes on 1004 or 1004C?

Modular homes are partially pre-assembled in a factory and pieced together on site. In terms of appraisals, they are reported on a standard 1004 form and treated no differently than stick built homes. Many newer homes in subdivisions are to some degree "modular".

Are manufactured homes appraised differently?

ing to Chuck Pocock, Owner of Manitou Realty & Auction, Inc., a modular home is appraised exactly like a site built home. Since the only difference in the two is how they are constructed, Pocock says there is no visible difference between the two.

What appraisal form is used for a manufactured home?

The appraiser must report the results of a manufactured home appraisal on the Manufactured Home Appraisal Report (Form 1004C).

What is the form number for a manufactured appraisal?

The Fannie Mae 1004C and Freddie Mac 70B forms are appraisal forms that many lenders may require when requesting an appraisal for a manufactured home.

What is a 1025 appraisal form used for?

4) Form 1025 Multi-Family (Standard / FHA) The Small Residential Appraisal Report is used for the appraising of 2-4 unit residential owner occupied and income properties. The appraiser provides an opinion of value based on the Sales Comparison Approach, Cost Approach, and/or Income Approach (if applicable).

Are manufactured homes appraised differently?

ing to Chuck Pocock, Owner of Manitou Realty & Auction, Inc., a modular home is appraised exactly like a site built home. Since the only difference in the two is how they are constructed, Pocock says there is no visible difference between the two.

For pdfFiller’s FAQs

What is Manufactured Home Appraisal Report?

A Manufactured Home Appraisal Report is a professional assessment document that provides an estimation of the market value of a manufactured home, taking into account various factors such as condition, location, and market trends.

Who is required to file Manufactured Home Appraisal Report?

Typically, lenders and financial institutions require a Manufactured Home Appraisal Report when financing a manufactured home. Additionally, homeowners may need to obtain one for resale purposes or tax assessments.

How to fill out Manufactured Home Appraisal Report?

To fill out a Manufactured Home Appraisal Report, appraisers should collect relevant data including property details, local market analysis, and recent sales of comparable properties, then input this information into the standard appraisal format.

What is the purpose of Manufactured Home Appraisal Report?

The purpose of a Manufactured Home Appraisal Report is to provide an unbiased estimate of a home's value, which aids in financing, selling, or insuring the property.

What information must be reported on Manufactured Home Appraisal Report?

The report must include information such as the property address, details about the manufactured home (dimensions, age, condition), comparable sales data, the appraiser's methodology, and the final appraised value.