Get Excited Inspiring 18 Of Mobile Home Front Porches - Portable Homes – Mobile Homes – Manufactured Homes – Prefab Homes | Mobile Homes Club
Mobile homes are included under the category of real estate. Mobile homes built on fixed foundations are appreciating properties their values appreciate with the passage of time. Hence, after a few years the value of the mobile home will be much higher than what it was bought for. This difference is called mobile home equity. Equity on a mobile home is equal to the numerical difference between the appraisal value of the home and the value of the mortgage.
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.