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Appraisals/AVMS


New Guide Is Approved For MH Appraisals

COSTA MESA, CA-N.A.D.A. Appraisal Guides, a publisher of value guides and information here, announced it has been approved by Fannie Mae as an estimate guide that appraisers can use for manufactured homes.

N.A.D.A. becomes one of only two Fannie Mae-approved cost approaches for manufactured housing appraisals. N.A.D.A. offers a modified summation approach - or cost approach - to manufactured housing appraisals. It noted that with the other guide, appraisers had to match manufactured homes and accompanying features with pictures or sketches of six grade qualities to determine costs. N.A.D.A. said it has eliminated the need for appraisers to make those findings, taking the guesswork out of the cost approach for manufactured housing structures.

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