Evolution has been evidence that humankind is nomadic by nature. We come from a long line of travelers and gatherers. The modern analogy of this roamer persona is often induced in the form of mobile home parks or trailer parks – makeshift movable homes while you hit the road.
However, trailer parks are often associated with poverty as well.
Reality Strikes
While being on the road seems to be a dream-come-true situation, some realities can hit hard in cases of mobile home parks. Associating the residents of these trailer parks with denizens of below poverty level and, in turn, discriminating against them has been observed for a few decades.
However, it is not only the discrimination that mobile home parks have to withstand but also a myriad of other cons like maintenance responsibilities.
Some of the most common issues that mobile home park owners face include:
- Never-ending repairs to the often fragile build these trailer parks are made of
- Sewage and septic plumbing can put a huge dent in your pocket for these trailer parks
- In case of rented out areas, the maintenance problems are coupled up with tenant and management issues
- They are not good choices in the face of natural calamities like hurricanes, floods, etc.
- The added topping is the burdensome taxes that you have to undergo in place of the mobile home parks
Way out
To get rid of the nagging issue, the only way out is to sell the trailer park off, which poses a more daunting task than owning one. The interested parties would be keen on pointing out flaws in your neatly maintained mobile home trying to bring down the selling cost. Moreover, the commission of brokers or realtors would be a large amount as well.
However, the task to sell my trailer park does not seem that daunting. It is because several real estate companies primarily invest in large-scale trailer parks for converting them into affordable living or community spaces. These companies make selling these high-maintenance mobile home parks a piece of a cakewalk with the following steps:
- Contact: The seller contacts the company and inquiries about selling
- Site Visit: The company representative visits the property to evaluate the cost and condition
- Contract Review by both parties: The buyer builds a contract and both the parties have a thorough review of the document
- Deal Closure: When the contract is deemed satisfactory by both the parties, the deal is closed successfully with payments transfer
Most of these companies buy the mobile homes in the as-is condition without considering any repair costs as well.
It is often observed that the taxation of these trailer parks is quite challenging. These real estate companies sometimes even offer their services to clear up the taxation issues before sealing the deal as well.
Such companies are in great abundance. It is good to have a thorough research about these companies before settling for the one to sell your trailer park.
