Like most real estate the Seller usually wants too much and the purchaser wants to pay too little for a mobile home softball park. Certain buyers may have different motivations for purchasing certain park (1031 money, ability attain 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 continues to operate because a mobile home park.

Anyone that has seen an appraisal on a house or most varieties of real estate could have heard mention from 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 together with value of a product new mobile home park or a single is predominately vacant, I do not see any reason also included with the cost tackle. It is not likely that a new mobile home park will be built nearby exactly what it would cost to build an alternative 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 when your Sales or Market Comparison approach to value, this can be highly suspect. This is based on comparing the sale for this subject property to additional recent sales and adjusting for differences that you might or might not know about. Problems with this approach include varying expenses, rents, and management. Whether or not you’re an investor or appraiser I would just 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