How Can I Find Companies That Buy Mobile Home Parks?

How Can I Find Companies That Buy Mobile Home Parks?

You’re looking for companies that buy mobile home parks because the time has come to sell your mobile home park for one reason or another. Managing your park can become tiresome. You may have another investment that you want to give your full attention to. It may be time to move to the beach and relax!

If you’re looking to sell your mobile home park, or know someone who is, don’t hesitate to contact us today! (Yes, we do pay a referral fee!)

Easily Sell Your Mobile Home Park

Selling your mobile home parks should not be complicated. Knowing companies that buy mobile home parks and how exactly to connect with them will streamline your selling process.

What Companies Buy Mobile Home Parks?

There are many diverse types of companies that buy mobile home parks, all with varied skills and abilities. Each option has pros and cons, although some companies are better suited to certain types of mobile home park owners.

Here are a few distinct types of companies that buy mobile home parks and the pros and cons of their approach. While there are many diverse types of companies that buy mobile home parks, each will have a specific niche. The sole exception here is a mid-sized investment company, which will be interested in AND be able to handle any type of transaction regardless of the size, condition, or price of a mobile home park.

Company Ranking

Here’s a quick ranking of types of companies that buy mobile home parks based on the types of mobile home park owners they work with. The ranking starts with companies that are the easiest to work with and can execute the fastest from the broadest and accommodating to the narrowest and niche.

  1. Mid-Size Investment Companies
  2. Brokers
  3. Private Equity Firms
  4. Large Real Estate Investment Trusts
  5. Lone Wolf ‘Wholesalers’

Company Detail

Large Real Estate Investment Trusts (REITs)

These companies are going to be extremely specific and narrow with both the size and type of park they are interested in and will require detail and time investment on the owner’s part to complete the sale. If you have a mobile home park with hundreds and hundreds of lots, then this will be your best bet to get your park sold. If not, you should choose to look elsewhere to find a company that will buy your mobile home park.

Large investors include companies like Equity Lifestyle Properties and Sun Communities, LLC which are publicly traded Real Estate Investment Trusts (REITs).

A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels, and commercial forests (Wikipedia).

About Equity LifeStyle Properties

Equity LifeStyle Properties is a real estate investment trust (REIT) traded on the New York Stock Exchange under the symbol “ELS.” Our size, national scope and status as a publicly traded company afford us benefits unavailable to smaller, private owners. We have access to capital that allows us to grow, and to expand and upgrade existing communities. We are able to streamline our management operations, owning multiple communities in the same market areas. Our broad presence in 33 states and British Columbia protects the company from economic downturns in any one market. Furthermore, our reputation allows us to attract and retain some of the best employees in the business.

About Sun Communities, LLC

Sun Communities, Inc. is a fully integrated real estate investment trust, which together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured home and RV communities since 1975.

As the nation’s premier owner and operator, we pride ourselves in our commitment to our residents and guests, bringing them outstanding amenities, value, and customer service consistent with the Sun Communities experience.

Whether you are interested in buying a home, leasing one, finding a home site for your current manufactured home, or looking for the most desirable RV resorts across the country, our team of professionals is ready to meet your needs. Our trusted position in the market, our prime locations throughout the United States and Canada, and our outstanding organizational management make Sun Communities the best choice in active living.

Brokers

Real estate brokers are licensed real estate professionals who act as an intermediary between mobile home park owners and sellers. Brokers typically work with larger trailer parks and parks they can sell for more than $1m. They have a strong list of buyers and access to resources. When you’re looking to sell quickly, remember that a broker is another step in the process of selling your mobile home trailer park. Selling directly to an investor will remove the middleman as well as the costly broker’s commission fee.

If you choose to use brokers, you should be ready to pay them a commission percentage of the price you will sell the mobile home park for. Ensure you do a background check before you engage with a broker.

Glenn Esterson is one of the most reputable and famous mobile home park brokers in the USA. He has been operating for nearly 20 years in commercial real estate with a focus on mobile home parks. He also has authored a book on mobile home parks that has sold thousands of copies.

Mid-Size Investment Companies

Mid-sized investment companies offer the best all-around option to owners who want to sell their mobile home parks.

They have access to capital, an incredibly strong network of resources and want to move on deals as fast as possible. Even in challenging circumstances, these types of companies can close on parks incredibly fast and get the owner the money that want for the park.

These companies are typically staffed by investors and operators of mobile home parks. They understand the nuances of parks and offer the benefit to the owner of working directly with a principal which ensures a fast close as seamless as possible.

Mobile Home Community Buyers is an example of a mid-sized investment company that purchases mobile home parks and has worked with mobile home park owners across the USA on selling and/or acquiring their trailer parks.

Private Equity Firms

A private-equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital (Wikipedia).

Like REITs, private-equity firms are exclusively interested in exceptionally large parks – anything less than a few hundred lots will not be of interest to them as the mobile home park just will not be able to generate the type of revenue they’re looking for.

Due to the perceived negativity of how they operate the parks upon purchase, there has been a lot of negative press recently. Most notably is John Oliver’s take on Private Equity’s mobile home park investments.

Lone Wolf ‘Wholesalers’

Lone wolf wholesalers are independent individuals who are looking to ‘buy’ your mobile home park then sell it quickly, typically without them ever putting any money into the deal.

Other Options

Besides selling to us, there are also a couple of other options to sell your mobile home park. Here are some of the ways you can find these companies.

Advertise

You can advertise your mobile home park on platforms like newspapers, Social media, and through internet influencers within the real estate circles. Before you advertise the park, you need to make sure the park has an FSBO (For Sale by Owner) sign displayed on the mobile home park.

Inquire from Your Family and Friends

Your closest acquaintances can also help you find buyers. So, don’t hesitate to share with them because some of them could be willing to connect you to buyers without paying them a single penny.

Use a Yard Sign

You can put a big signpost on your yard indicating that you are selling a mobile home park. Make sure the sign post has all the necessary information like the price, size of the park, and your contacts. It should also be very clear and for this we recommend using a yellow or white background. The writings can either be black or red.

Six Reasons Why Should Choose Our Company to Buy Your Mobile Home Park

  1. Win-Win Solutions Mobile Home Community Buyers’ sole goal is to create win-win solutions for everyone involved. As a company that exclusively buys mobile home parks, we don’t want to create any friction or trouble when entering a deal with a mobile home park owner. We want to create an environment where everyone is happy and well taken care of when selling their mobile home park.
  2. We close fast, no wasting time! While buying mobile home parks, we always ensure that the deal is completed as soon as possible. So, you won’t have to wait for weeks of negotiations before selling off your home park. After you have provided all the required details about your property, we shall review it and give you feedback about how much we can offer within 24 hours. All this is possible thanks to our team of professionals who ensure the process is fast, precise, and fair to both parties.
  3. You won’t pay commissions to brokers. Most of the time while trying to sell your mobile park, you will have to go through a chain of agents to connect you to potential buyers. Real estate agents usually go away with about 5% to 6% of the total amount that you will sell your mobile home park. However, with Mobile Home Community Buyers, the transaction will be direct between you and us. 
  4. We buy mobile home parks in any condition The condition of your mobile home park will only affect how much we can offer but it doesn’t determine whether we shall buy or not. So, whether your mobile home park is newly constructed, or its condition is not that appealing, simply contact us, and we give you our fair offer within a day.
  5. We buy mobile home parks across the USA Just like your home park condition, its location will also affect only how much we offer, but it will not determine whether we shall buy it or not. The locations that we currently consider include; Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. If we happen to add more locations to this list, we shall update you on this platform accordingly.
  6. We Are Effective One of the things you need to be sure of while dealing with us is effectiveness. When you contact us with the details of our mobile home park, most of the time, we shall close the deal as long we agree on the price after we have done the evaluation.

If you are among those mobile home park owners looking for a company or companies that buy mobile home parks, then you are in the right place. At Mobile Home Community Buyers, we buy mobile home parks at a competitive price that is fair for both the seller and the buyers.

We want you to be comfortable selling your mobile home park and will do all we can to make that happen, even if it means referring you to a different company that buys mobile home parks. Our company has been in business since 2014 and have only been able to do so through building trust and creating the best possible transaction for mobile home park owners. All parks are not right for us and pride ourselves on only having the mobile home park owners’ best interests in mind.

If you want to sell your mobile home park, call us – Phone: 844-238-0218, or Contact Us via our website.

If you’re looking to sell your mobile home park, or know someone who is, don’t hesitate to contact us today! (Yes, we do pay a referral fee!)

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