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Mobile Home Park Services in Seattle
Mobile home parks are one of the most lucrative real estate options for investors and property owners who wish to expand their portfolios and create new revenue streams. Many times, investors will merely look for the obvious choices in property, whether it's a new store in a good location or a popular restaurant. Some own various hotels and apartment complexes as well, but these endeavors can be very pricey.
Mobile home parks, on the other hand, have low overhead costs and do not run you a lot of money to maintain. In fact, they are one of the best kept secrets of real estate, and brokers often have a slew of connections and common buyers and sellers to do business with. If you are interested in mobile home park broker services in Seattle, you can contact our company, Oxgord MHP. We will be able to help you get involved in the business of buying or selling mobile home parks.
Why Use a Mobile Home Park Broker
There are many reasons that would make it a good choice for you to hire a mobile home park broker. For one, you will receive a slew of services that you otherwise would not be privy to. For example, brokers usually have a few different properties available that you can purchase, not all of which are publicly available. The broker may have properties that are set aside for those who have routinely made purchases and who are guaranteed to be safe and secure.
Another benefit is the general ease of buying and selling. If you plan on searching for a mobile home park by yourself, you may have to look through dozens of listings on the internet, drive around hunting for parks with "For Sale" signs, rely on word of mouth from other realtors, and more. It can be a long and arduous process, and even if you do find one that appeals to you, the owner may not want to sell to someone who has no representation or without going through a trusted third-party. A broker will be able to provide you with available properties, and when you select one that you wish to inquire more about, he will act as the middleman and get you all the information you need. He'll also be able to oversee the transaction and ensure that both parties receive what they want.
There is also a degree of knowledge that comes with real estate and mobile home park acquisitions. A broker can adequately explain anything that is unclear to you, whether it's a query regarding legality of a sale, the value of a property, or the market trends of real estate in the area.
If you are a first-time mobile home park buyer, you should seek the services of a mobile home park broker in Seattle.
Why Buy a Mobile Home Park
The allure of buying a mobile home park lies in the difference between a park and an apartment complex. Apartment complexes may cost you over a hundred thousand dollars to run per year and you have to follow all the normal ordinances and rules that landlords do, as well as provide services to tenants.
Those who rent spaces in trailer parks, though, are not tenants. They own the mobile homes in which they live, and thus, they are responsible for maintaining their plumbing, water, and interior. They merely pay rent on the spaces they live.
This means that you can save a lot of money on repairs, specialists, contractors, and general maintenance. Your costs would likely start to go to maintaining the park, the sidewalks and streets inside of it, common areas, and any facilities that all the tenants use (like laundry facilities, parking lots, and more).
Of course, all of these costs should be factored into your budget when you consider buying a park. This is yet another benefit to hiring a mobile home park broker - the broker will likely have details on how much the park costs to run and what you could expect to spend and earn each year. He'll be able to compare prices to other locations in Seattle and help you pick a property that works best for you.
One of the biggest reasons brokers work with mobile home parks is due to the growing scarcity. No new mobile home parks are being built, and as a result, those that are still around are becoming hot prospects for buyers and sellers alike. There are times when park owners have decided to move on to something else, and brokers have their properties waiting to be considered and bought.
What to Look For in a Mobile Home Park Broker
If you are considering using a mobile home park broker for your next purchase, you should be on the lookout for certain qualifications. New brokers may claim to have many connections and properties but are merely saying it to appear better-connected than they are. If you can locate a website or page listing the different properties the broker has helped sell, it will help show you who is reliable and who has less-than-stellar reviews.
Along the same lines, you should look for results, and not only those that the broker posted on his website. He should be referred to by customers and other businesses, and if there is next to no information about his alleged sales and assistance, there may be a chance that is not telling the whole truth.
You can also make sure that the broker is not taking more than his fair share. All brokers generally charge some sort of commission fee for doing all of the legwork of selling a home, but you can compare the rates between brokers to see who provides the best service for his rates. If you are unsure, you can always call a few companies to shop around and inquire about their pricing.
Broker Services in Seattle
If you are interested n purchasing a mobile home park in Seattle, you should contact our company, Oxgord MHP, for more assistance. We'll gladly help you understand how the buying and selling process works and we will use all of our resources to find you what you need - whether it's park owners who wish to sell or those who are interested in acquiring a new piece of real estate.
Contact our offices for more details. We are available 24 hours a day, 7 days a week, 365 days a year. We have been involved in the real estate business for years, and we believe that all prospective buyers and sellers should be appropriately informed of the climate of their intended area, whether it's apartment complexes or mobile home parks.
Don't hesitate to reach out to Oxgord MHP if you have questions about mobile home park broker services in Seattle.