Market Updates, News
The Perfect Storm is Building in Mobile Home Parks
October 26, 2010 by parkguy1 · Leave a Comment
I just came across an article which I assume is written by the owner / operators of the web site, mobilehomeparkstore.com and it should be noted that these same people are active investors in mobile home parks. The article is quite negative about current mobile home park values and states that it is a Buyers market out there…
“There have never, in the 12 year history of www.mobilehomeparkstore.com, been so many mobile home parks for sale at one time. This enormous supply/demand disaster has rendered many terrified sellers into a panic mode. Sellers are stating on their parks “make offer”, “must sell”, and “seller will carry”. This is the quintessential “buyer’s market”.”
While I do agree with some of the points made in article / blog, in scanning all the available mobile home parks in the western United States that I deal in, I find that the article must be referencing mobile home parks in less desirable locations across the nation. In other words, don’t panic. Read more here.
