Like most marketplace the Seller usually wants too much and the purchaser wants to pay too little for a mobile home school. 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 in the value of a mobile home park for the typical buyer who continue to operate because a mobile home park.

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

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

As far given that Sales or Market Comparison approach to value, this is also highly suspect. Is actually a based on comparing the sale of the subject property along recent sales and adjusting for differences that you might not know with reference to. Problems with this approach include varying expenses, rents, and management. Whether or not 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