6.2B. SR 03-17-1997 - Laserfiche WebLink

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GENERAL INSTRUCTIONS ,,, Complete this worksheet on the subject home and a comparable drive-by inspection on each comparable used. The N.A.D.A. Mobile Home Manufactured Housing Appraisal Guide is the modified summation approach to value. Values reflected in the publication are based on market data received from a variety of sources in the nine N.A.D.A. national regions, and these values represent a sited (delivered and set up) structure in current year depreciated replacement retail dollars. In the absence of local, reliable, similar comparable sales data, the values are considered to be FAIR MARKET RETAIL VALUES. CONDITION GUIDELINES This is a brief explanation of guidelines. See the National Appraisal System Field Instruction Manual for more in-depth explanations and guidelines. Excellent ....... Home is new or like new, very attractive and highly desirable. Good .............. Normal wea- and tear visable, but home is well maintained, still attractive, desirable and useful. Fair ................ Minor deterioration apparent due to both the climate and the deferred maintenance, less attractive, but obviously useful. Poor ............... Signs of structural deterioration obvious, missing or broken component items, definitely undesirable and marginally useful. CARPET, DRAPERY, APPLIANCES, COMPONENTS AND ACCESSORIES are adjusted for remaining useful life and condition on page #4 and #5 of this worksheet. An ACCESSORY is a feature or item which goes with the home, but is not built in or perma- nently attached to the home (skirting, awnings, porch/decks, etc.) and is built to code. A COMPONENT is considered to be anything which is built into the manufactured home or added to it in such a way that it becomes an essential part of the home and is built to code. IMPORTANT, READ THIS ! When filling out this worksheet, do not use the Condition Adjustment or Park Rating Pages found in the Green Section Part 3 of the N.A.D.A. Guide Book. Adjustment guidelines are found in the back of the National Appraisal System Field Instruction Manual for the following: 1. Condition Adjustment and Remaining Physical Life (RPL) 2. Sales Ratio Adjustment Percentage (For Box D Page 7) 3. Miscellaneous repair or replacement costs 4. Other Additive Value Items MARKET ANALYSIS The comparative approach should be used (when reliable data is available) to adjust a guide book retail value and/or the appraisal system rental park In-Place Location Value (I.P.L.V.), to reflect local market conditions. National Appraisal Guides, Inc. is not responsible for the proper completion of this form. The information published in this form is of our opinion only and is what we believe to be an accurate reflection of the national average. However, wherever known, local values should be used when there are any appreciable differences. The page format and values contained in this form may be changed without prior notification or public notice. It is suggested that the appraiser use the latest revision of this form to reflect the current market trends. Copyright © 1992 by National Appraisal Guides, Inc. All rights reserved. No part of this form may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior written permission of National Appraisal Guides, Inc. PAGE B N.A.S. Form #2 Updated 1/92 V.P.