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

Anyone that has seen an appraisal on a house or most epidermis real estate will have heard mention among the 3 approaches to determining the value of that real personal. They are the Cost, Sales, and Income Approach.

Unless you are coming up together with value of a product new mobile home park or an individual which is predominately vacant, I do not see any reason to be able to the cost concept. It is not likely if you have a new mobile home park will be built nearby and what it would cost to build brand-new park does genuinely 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 on the subject property with the other recent sales and adjusting for differences that you may or may not know with reference 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 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