Like most property the Seller usually wants too much and the purchaser wants to pay too little for every mobile home softball park. Certain buyers may have different motivations for buying 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 it as a mobile home park.

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

Unless you are coming up utilizing value of a product new mobile home park or an individual which is predominately vacant, I do not see any reason also included with the cost method. It is not likely that this new mobile home park will be built nearby exactly what it would cost to build the 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 home owners.

As far as the Sales or Market Comparison approach to value, this likewise highly suspect. Individuals based on comparing the sale of the subject property together with other recent sales and adjusting for differences that you might or might not know pertaining to. Problems with this approach include varying expenses, rents, and management. Pc an investor or appraiser I definitely use this approach as potential information and not draw any conclusions out of 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