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Mobile homes are gaining immense popularity as many families and individuals have come to realize the benefits of it. As the name suggests, mobile homes are portable, which is the biggest advantage till now. Many individuals and families have to move frequently to different locations due to their job requirements, these portable homes are beneficial for them. Many people purchase mobile homes because of their affordability, flexibility, and reduced homeownership responsibilities. But if you are considering the purchase of a mobile home, there are still some issues that you will need to consider.
Like most real estate the Seller usually wants too much and the purchaser wants to pay too little for a mobile home park. Certain buyers may have different motivations for buying a certain park such as money, ability to obtain better financing, conversions to other uses, and location to where they live. In this book we will only look only at the value of a mobile home park for the typical buyer who will continue to operate it as a mobile home park.