I'd like to get the property I rent re-appraised because the landlords have offered us to lease it. It's a double wide MH about 34 years old, on almost 2 acres. The paperwork I have is from 2005 so it definately needs an update. I know MH's lose value so would that make the conclusion of the appraisal even cheaper than it was 6 years ago? Or would the appraisal mostly focus on the fact that it is on 2 acres? I know it also depends on the landlords if they will go with it or not, but I'm asking based on paperwork..... I hope my question makes sense.
Land can raise the value of a home for the selling price, but when we have had mortgage appraisals they have not counted the land for much of anything. One even told us that if you need the land to raise the value of your home, then your house isn't worth that much in the first place. I don't agree with that line of thought, but then again, I don't agree with much that comes from a mortgage company.
Answer by scout_mom at 7:44 PM on Jan. 23, 2011
Answer by kmath at 5:55 PM on Jan. 23, 2011
Answer by whitefamily at 6:12 PM on Jan. 23, 2011
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