Insurance providers for pre-owned homes understand how critical the access to home ownership is, for individual owners and community owners alike. Datacomp works hand-in-hand with insurance companies to offer the owner the protection and security they anticipate. We pride ourselves on being easy to work with and providing the value that’s deserved in cultivating meaningful and sustainable homeownership.
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The Datacomp methodology and criteria for valuations is a unique offering in the manufactured housing industry. We focus on a thorough inspection, finding recent and similar nearby sales, and conducting analysis of those comparable home sales to allow our appraisers to document an unbiased and expert opinion of value.
Comprehensive Market-Based Appraisals
Home photographs, measurements, and detailed descriptions of the home and attached structures are gathered and forwarded to our in-house appraisal experts. Utilizing our proprietary database of more than five million manufactured home sales, one of our appraisers calculates the fair market value and produces a written appraisal report. This comprehensive 12-page report is then emailed directly to you, providing you with a detailed description of the subject home, options and accessories, community data, interior and exterior photos, comparable sales data, and a calculation of the fair market value-based determination on comparable sales. Our appraisal reports are welcomed by hundreds of lenders nationwide.
Home Status Documentation
The most clear and essential service Datacomp provides is evidence that a home actually exists. We verify make, model and serial number, year and size. We document the options and accessories within the home, take photographs on exterior and interior elements and comment on any apparent defects or improvements. However, a home inspection from Datacomp is not a structural or mechanical inspection. Inspections that detail HVAC systems, the integrity of the roof, tie downs, belly, plumbing and other such attributes require a full appraisal. In other word, Datacomp’s home inspection services essentially is the appraisal minus the valuation. The Datacomp home inspection report is designed to bring attention to any major structural flaws, and is best suited to lenders who are less concerned with collateral value and primarily want to satisfy due diligence requirements. Maybe the loan is already secured, and the lender is looking back to check a box.
Know Your Assets
Investors and corporate owners increasingly are interested in “books” of business or the cumulative home value of a particular community or collection of homes. Meaningful valuations on these kinds of collected assets can be difficult to obtain. But Datacomp is able to use its industry history, knowledge and its deep database from more than five million valuations nationwide. We provide for insurance purposes a baseline portfolio valuation for just this class of customer.