Like most marketplace the Seller usually wants too much and the purchaser wants to pay too little for every mobile home school. Certain buyers may have different motivations for purchasing 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 in the value of a mobile home park for the typical buyer who continue to operate it as a mobile home park.

Anyone that has seen an appraisal on a house or most involving real estate will have heard mention on 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 without the pain . value of a brand new mobile home park or 1 which is predominately vacant, I do not see any reason to utilize the cost tackle. It is not likely how the new mobile home park will be built nearby exactly what it would cost to build brand-new park does not even take into account the amount of time, effort, and money it takes to fill that park up with occupied and paying passengers.

As far as the Sales or Market Comparison approach to value, this furthermore highly suspect. Need to based on comparing the sale on the subject property with the other recent sales and adjusting for differences that you might not know with regard to. 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 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