Like most industry the Seller usually wants too much and the purchaser wants to pay too little with a mobile home park. Certain buyers may have different motivations for choosing a certain park (1031 money, ability to obtain better financing, conversions to other uses, and location to where they live). In this book we will only look only in the value of a mobile home park for the typical buyer who continues to operate because a mobile home park.

Anyone that has seen an appraisal on a house or most epidermis real estate may have heard mention within the 3 approaches to determining the associated with that real personal. They are the Cost, Sales, and Income Get near.

Unless you are coming up without the pain . value of a brand new mobile home park or the one that is predominately vacant, I do avoid seeing any reason also included with the cost approach. It is not likely the new mobile home park will be built nearby and what it would cost to build brand-new park does not even take into account the amount of time, effort, and funds it takes to fill that park up with occupied and paying home-owners.

As far when your Sales or Market Comparison approach to value, this furthermore highly suspect. Individuals based on comparing the sale on the subject property to additional recent sales and adjusting for differences that you may or may not know exactly about. Problems with this approach include varying expenses, rents, and management. An ideal an investor or appraiser I would just use this approach as potential information and not draw any conclusions as a result !.

Lago Vista RV Park

2871 Hwy 72 W, Three Rivers, TX 78071

(361) 436-0845

https://goo.gl/maps/hAfj89yvsshumVqR9

Posted on:
July 11, 2019