Hi all, just wanted to get a general consensus from the other owner’s on here on the age-old question of keeping park owned homes vs. selling, and if so, how do you value them. I know the merits of selling them off (no repairs and maintenance, etc) but the other side of the coin is that holding that trailer is still a potential asset of value where you can continue renting at a high rate vs. just the lot rent. But I wanted to hear what others think about this currently and how your experience led you to that conclusion?
Also, if you plan to sell your mobile home, how do you value it? I know Frank in his training valued the mobile homes by era, at least when I took it years ago:
1960-70s - 1k - 4k
1980s - 5k - 9k
1990s - 10k -15k
Early to mid 2000’s - 16k - 25k
Are these still real world numbers or have they shifted upward? I have someone interested in buying a trailer in my park, its a 1991 3/2 in fair condition. He’s saying 16k…should it be more? Appreciate your guidance!