From Ron Smith
Vice President of Sales and Marketing at Land/Home Financial Services, Inc.
Most people just aren’t aware of the modular industry as compared to site built homes. I can tell you that in my funding of modular loans they consistently appraise for more that acquisition costs which is a huge selling point in this economy. For example in Orinda Ca. I have a project where total acquisition costs were $1,540,500.00 and the appraisal came in at $1,620,000.00. In this market to have $79,500.00 in instant equity is amazing.
