Like most real estate the Seller usually wants too much and the purchaser wants to pay too little for any mobile home softball park. Certain buyers may have different motivations for purchasing a certain park (1031 money, ability receive 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 will have heard mention on the 3 approaches to determining the associated with that real est. They are the Cost, Sales, and Income Decide on.

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 to utilize the cost approach. It is not likely if you have a new mobile home park will be built nearby exactly what it would cost to build the brand new park does actually 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 given that the Sales or Market Comparison approach to value, this furthermore highly suspect. Famous . based on comparing the sale on the subject property with other recent sales and adjusting for differences that you might or might not know about. Problems with this approach include varying expenses, rents, and management. Pc an investor or appraiser I would likely use this approach as potential information and not draw any conclusions from that.

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