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

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

Unless you are coming up utilizing value of a brand name new mobile home park or an individual which is predominately vacant, I do avoid seeing any reason to use the cost come up on. It is not likely the new mobile home park will be built nearby exactly what it would cost to build a new park does actually take into account the amount of time, effort, and cash it takes to fill that park up with occupied and paying citizens.

As far given that the Sales or Market Comparison approach to value, this can be highly suspect. Famous . based on comparing the sale with the subject property to additional recent sales and adjusting for differences that you might or might not know exactly about. Problems with this approach include varying expenses, rents, and management. Whether you’re an investor or appraiser I would certainly use this approach as potential information and not draw any conclusions from it.

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