If you want to sell your park, the asking price should be realistic and justifiable. Is there a formula for sellers?
What is the realistic selling value of an empty space or of a 1980’s park owned home that is rented for $500 per month?
If a buyer is advised not to capitalize the trailer rent of park owned homes (when looking to buy), but to just consider the space rent, then what is the sales value of that rent?
If a student buyer is taught that a vacant unrented space has no value, how does a seller of a vacant space arrive at a selling price of that space? How is it justified?
Many have looked at this post, but none have tried to answer any of the questions.
This is something every park owner will have to address. Even Frank and Dave.
How do Frank and Dave value THEIR empty spaces and park owned homes when they list a property for sale? Do they just give away empty spaces and tell the buyers they are worthless? Do they capitalize the rent? These are serious questions and are not meant to be controversial. I would like to hear from people who have actually sold multiple parks.
I need to understand how is the best way to arrive at a justified selling price and to maximize my investment when selling.