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Well – not really the end, but one of the last parts of some appraisals – namely the finalinspection. We’ll briefly look at what a finalinspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The FinalInspection appeared first on Riverfront Appraisals.
6 Tips for Appraising New Construction Homes Excerpts: Lenders, FHA, and the GSEs (Fannie Mae and Freddie Mac) treat new construction a little differently. When appraising new construction homes, certain factors that don’t always apply to existing dwellings must be considered. I finally quit doing them – too much hassle.
First we must understand that the term “mobile home” is obsolete and refers to transportable homes constructed prior to June 30, 1976. The major distinction between a modular and manufactured home- the standard to which they are constructed. Manufactured homes are built 100% off site and constructed on the chassis.
Sometimes a homes across the street are not the same pool of buyers as a home a block away, even if it is the same builder and floor plan. Because of where buyers want to live. ” “When to use new construction or remodeled construction as a comparable.” The subdivision decides the market value of a home.
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