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Mobile Home Park
Selling Tips:
One question we
frequently get from individuals and companies that are
listing their mobile home park for sale on our site is
"How much information should I include in my listing to
be posted"?
We have always taken
the stance that you can place as little or as much
information on the site and will continue to do so.
However, based on my experience with selling my own
parks on the site I have found that the following
formula works the best:
1. Include a
description of the park - number of spaces, occupied
spaces, monthly rents, acreage, size of spaces, whether
the streets are paved or gravel, and type of utilities
and who pays what.
2. Include a
description of the area - population, major employers,
surrounding structures, and other important
demographics.
3. Financing and
Terms, if any. If there is not owner or assumable
financing you may want to talk to some finance companies
before listing the park to see what the potential loan
and terms may look like for a qualified buyer.
4. Income and
Expense Statement - I typically include Projected
income based on current occupancy and Actual
expenses from the previous year with adjustments for any
differences. By including fictitious statements or
those that are missing important information, the
credibility of the seller will be compromised. If the
income and expense statement looks bad, then either
don't include it in the listing or else explain why it
looks so bad and how it can be improved on.
5. If you do not
want your manager or residents to know the park is for
sale then for the location make sure that you make it
General (like Colorado or Southern California). You are
not required to list the park name and address.
6. A description of
any park owned homes and notes. If possible I would
recommend you separate the income and expenses from the
park owned homes out from the lot rent portion.
7. Pictures - that
is often the first question you will receive. If you
don't have a way to scan these or email them to us to
post them in the listing, then you can always snail mail
them to us and we will scan them on. Like the saying
goes... a picture is worth a thousand words.
As a general rule,
the more information you post the better qualified the
leads will be that you receive and the less information
you post the more inquiries but the less qualified the
leads will be.
If you have any other
questions feel free to contact us.
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