A mobile home park is a great investment and of interest to many investors. Finding a buyer for your mobile home park is the most important first step. Owners don’t have to deal with a lot of maintenance costs since tenant owned homes are privately owned, there’s low turnover and they provide affordable living making the parks desirable places to live.
Even though mobile home parks are a terrific investment, they’re not for everyone, and even profitable owners may find there comes a time when they are ready to sell. Owners may be moving away from the area, they may have inherited the park and decided they don’t want to keep it, they may be losing money on their investment or they may have just decided it’s time to move on.
Whatever the reason may be, if you are looking to sell your mobile home park, you will want the process to go as smoothly as possible. This article will review your options when it comes to finding a buyer.
Finding a buyer for your mobile home park
If you are looking for a buyer for your mobile home park, there are basically three options. These are as follows.
Hire a Broker or Real Estate Agent
Real estate agents and brokers can be good for helping you find people who are interested in buying your mobile home park and they can also make the process run more smoothly. If you would like to go this route, you can ask friends and family to refer you to trusted sources.
However, brokers and agents charge fees that will make your transaction more expensive. Therefore, they may not be the best choice for everyone.
Find a Private Buyer
Finding a private buyer is a great way to get someone to buy your mobile home park while cutting out the middleman. You can do this by listing your mobile home park on sites like Penny Saver, Craigslist, Facebook, Zillow, FreeClassifieds and more.
When listing, be sure to provide as many useful details as possible including number of lots, lot size, and features or attraction near the park, the kind of area it’s located in, terms of sale, financial outlook and some quality photos.
Even though selling to a private buyer is a great way to cut out the middleman, it can be difficult to find a seller and avoid scams. You can also encounter difficulties if you don’t know all the legal requirements involved in the selling process.
Find an Investor
Your third option is to sell to an investor that specializes in purchasing mobile home parks.
Investors are a good option because they only require an inspection so they can determine the market value of your park before making a purchase. They also buy parks in any condition so you don’t have to worry about repairs and renovations before you sell.
Investors buy homes quickly and they don’t charge the same fees brokers and agents do.
If you are looking to sell your mobile home park, these are all options worth looking into. We wish you luck making this important move.
If you’d like to talk more about selling your mobile home park, look no further and get in touch with us today – You can Call us – Phone: 844-238-0218, or Contact Us via the website.