Posted by Dirk Roach on May 02, 1999 at 01:07:09:
Yes there is such an animal as a MH appraiser. However do not make the mistake of taking this shortcut. David S is right on about the Mh Bluebook. It makes a good coaster and then again not really, as you might be tempted to sneak a peak in it.
The only way to really know your MH market is to get out there and LEARN your market.
Drive around, see what homes are going for. Ask questions, talk to people. Learn, learn, learn.
A lot of people who get into mobile homes, look for the shortcut. It isn’t there. In fact the NADA book is a longcut. I do know a couple dealers who use the NADA book, and they make their little commisions, and have their little pay checks.
As far as lenders go, if your thinking on Older, Used Mobile Homes, there are none. That’s why your in business. No competetion. Sure Greentree and GreenPoint and a few others (very few) do loan on Used Newer Mobile Homes, but no one touches the Older ones.
That’s the whole idea.
Good luck to you and keep us posted on your success,