Metro-West & World Appraisal September 2004 Newsletter



		Volume I, Issue 6 September, 2004
	Metro-West and World Appraisal offers a free monthly newsletter to help better serve our clients. Each month you will receive a newsletter with helpful tips, recent articles, monthly jokes and any upcoming events. Please let us know if you have any suggestions you would like to see in our newsletter. We will also be answering any questions you might have.




	Tip of the Month Differences Between Modular and Manufactured Homes Modular Homes

	Modular homes are built in modules at a factory. Modulars are built to conform to all state, local regional building codes at their destinations. Modules are transported to the home site on truck beds, then joined together by local contractors. Local building inspectors check to make sure the structure meets requirements and that finish work is done properly. Modular homes are sometimes less expensive per square footage than site built homes. Appraisal reports for Modular homes will not have the Manufactured Home box checked. The appraiser will explain in the addendum that the quality of construction of a Modular home is similar to that of a “stick-built” home. (Metro-West Appraisal Co., LLC policy) A well-built modular home should have the same longevity as its site-built counterpart, increasing in value overtime. Manufactured Homes Formerly referred to as mobile homes or trailers. Manufactured homes are built in a factory. Conform to a Federal building code, called the HUD code, rather than to building codes at their destinations. Homes are built on a non-removable steel chassis. Sections are transported to the home site on their own wheels. Multi-part units are joined at their destination. Segments are not always placed on a permanent foundation (more difficult to re-finance). Building inspectors check the work done locally (electric hook up, etc.) but are not required to approve the structure. Manufactured housing is generally less expensive than site built and modular homes. Manufactured homes often decrease in value over time.

	Feedback We have provided a quick, 3-question survey to be completed. Your feedback is important to us to know how to better serve you. Click here for survey Joke of the Month The Interview At the end of a job interview, a young engineer fresh out of MIT was asked, “And what starting salary were you looking for?” The engineer replied, “In the neighborhood of $125,000 a year, depending on the benefits package.” The interviewer said, “Well, what would you say to a package of 5-weeks vacation, 14 paid holidays, full medical and dental, company matching retirement fund to 50% of salary, and a company car leased every 2 years – say, a red Corvette?” The engineer sat up straight and said, “WOW! Are you kidding?” and the interviewer replied, “yeah, but you started it.” www.aplusjokes.com Quote of the Month “Trust yourself. You know more than you think you do.” *-- Benjamin Spock*	Metro-West & World Appraisal *We invite you to stop by and meet our staff!* Please come by our office, meet the employees and see how our operation works! Metro-West & World Appraisal 27555 Executive Drive Suite 180 &185 Farmington Hills, MI 48331 For information or questions please email us at: marketing@metrowestappr.com Click here to view directions Visit us today at: www.metrowestappr.com Visit our sister company World Appraisal at: www.worldappraisal.com

	Appraisers Funny Stories Cute Little Doggy... I was completing a file that was a vacant Purchase, easy I thought I don’t have to set up an appointment I can just go by. I called the real estate agent to get the lock box number and I was on my way. As a courtesy, I always either knock or ring the doorbell, just so there are no surprises. No one answered, so I was clear to begin my inspection. This home had two gates so I opened them both and started measuring the exterior. I was in the rear of the home and I looked at the garage and saw what looked to be a “dog door”. I thought to myself, “wouldn’t it be funny if some ity-bitty cute "purse" dog came out and pulled at my ankle.” This is the funny part that I’ve seen in comedies in situations like this, “hah, that would be pretty funny”; I said never imagining it would actually happen. Just as I approached the garage, I saw the doggy door moving, and out came this huge Weimaraner. Boy, he did not look happy to see me. So I politely begin to walk backwards toward the gate, I wanted to run…but I didn’t want the dog to chase me. I did my best to smile without fear until I could feel the end of the gate against my back. I quickly closed the gate and ran to the other side to close the other. I called the agent, who by the way thought this was pretty funny and asked that she call the homeowners to have them come and get their dog. Next time, I ask the agent if a home is vacant, I’ll be sure to include dogs in that question.
	Need An Appraisal? World Appraisal covers the entire United States! World Appraisal has staff appraisers in: California: Los Angeles and Orange counties Illinois: Cook, DuPage, Grundy, Lake, McHenry, and Will counties Michigan: Arenac, Clinton, Eaton, Gratiot, Hillsdale, Ingham, Iosco, Jackson, and Shiawassee counties. For more coverage areas and fees please visit us at: www.worldappraisal.com www.metrowestappr.com
	Did You Know? We have onsite training for your loan officers, bankers and underwriters. We have qualified appraisers that will come in and talk about what is involved in appraising a home and how you can get a better idea of the value of your client’s home. If you would like more information or to set up an appointment, please contact us at: marketing@metrowestappr.com Suggestions Metro-West & World Appraisal want to thank everyone for their great suggestions! Last months winner Jennifer Benaway from Quicken Loans won a $40.00 Gift Certificate to the restaurant of her choice for her great suggestion! Please email us at: marketing@metrowestappr.com Questions & Answers Please email us at marketing@metrowestappr.com Your questions and our reply will appear in next months issue.	Meet Our World Appraisal Processing Staff Pictured from left to right: Crystal Thomas, Stephanie LeBlanc, Jackie Mrozek, Ericka Smith

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