Question 1

Do I need clean financial statements to get an evaluation?

Accepted Answer

No. A rent roll, twelve months of bank statements, your property tax bill, and utility bills are enough to build a grounded preliminary picture. Start with what you know.

Question 2

How is an Arizona mobile home park valued?

Accepted Answer

Most parks are valued on net operating income and a capitalization rate appropriate for the market, adjusted for occupancy, lot rent versus market, utility infrastructure, and the condition of roads and pedestals. Park-owned home income is typically valued separately and more conservatively than lot rent.

Question 3

Does a private well hurt my park's value?

Accepted Answer

Not automatically. Wells with documented permits, recent water quality testing, and known production are financeable. Undocumented wells or systems with treatment problems narrow the buyer pool and affect price.

Question 4

What if my park is on septic instead of city sewer?

Accepted Answer

Septic parks sell regularly in Arizona. What matters is the system's permitted capacity relative to occupied spaces, its maintenance and pumping history, and whether any expansion plans exceed approved capacity.

Question 5

I have a lot of vacant lots. Is that a problem?

Accepted Answer

Vacancy is priced, not disqualifying. Lots with working pedestals, sewer stubs and pads in markets with infill demand carry real value. Remote lots that need infrastructure are usually valued at or near zero until they are improved.

Question 6

Should I make repairs before selling?

Accepted Answer

Usually not major ones. Disclosed deferred maintenance is priced; rushed cosmetic work rarely returns its cost. Safety items and anything that prevents financing are the exceptions.

Question 7

Will you tell my residents the park is for sale?

Accepted Answer

No. Evaluations and negotiations are handled confidentially, and residents are notified only when the parties agree it is appropriate.

Question 8

How long does an Arizona park sale usually take?

Accepted Answer

From agreement to closing, 45 to 90 days is typical, longer when a lender requires well or septic documentation, ALTA survey work, or zoning verification.

Question 9

Do you buy parks with park-owned homes?

Accepted Answer

Yes. Park-owned homes are common in Arizona and are simply underwritten differently than lot rent, with allowances for age, condition, and AC replacement.

Question 10

Is the estimator a guaranteed offer?

Accepted Answer

No. It produces a preliminary evaluation based only on what you supply. A park's actual value depends on its financials, infrastructure, location, zoning and other property-specific factors.

Frequently asked questions