Posted by Dirk Roach on November 02, 1998 at 23:15:08:
I agree with Gator on this! Check out the comps in the park. Talk to the PM see what he/she thinks one will sell for with financing in THAT park.
I myself, keep an ongoing list of comps for every park that I am working with. I have even, with one park, got a list of what they have sold all of their used Mobiles for (repo’s, abandonments and such) over the last two years. But still I have to keep in mind that the market two years ago isn’t nessicarily the same as it is today.
But really Steve, follow Gators advice. The market will be different all over, and will even vary from one Park to another down the street from it.
Good Luck, and keep us all posted,