What Happens During Your Valuation?
The Esterson MHC Team of Marcus and Millichap have provided owners with tens of thousands of complimentary evaluations. A careful and thorough valuation of your mobile home community or RV park will help you better understand your property’s value and its respective market position. In total, we’ve sold more than $350,000,000 worth of properties and counting!
Affordable housing is critically important in today’s world, and it is a critical issue for Glenn and his team. The Esterson MHC team includes experienced commercial brokers who understand the MHC/RV park market better than most. Glenn has owned, managed, lived in, repaired, and improved his MHC/RV parks. Plus, many members of his national team are also former park owners. There simply is no other group more qualified to understand, assess, and determine your park’s value than The Esterson MHC Team of Marcus & Millichap.
Understanding How Your MHC/RV Valuation Works
The most valuable asset for any seller is the cold hard facts. When you contact The Esterson MHC Team of Marcus and Millichap for your free MHC/RV valuation, we provide you with the clearest, accurate, and most helpful data. You can use it to understand how your MHC/RV Park measures up in the market.
Here’s a quick breakdown of how we conduct each valuation:
We Get to Know You
Every valuation starts with an honest conversation about the current market. During this chat, we’ll talk about your personal goals and reasons for considering selling, your management procedures, the quality of your books and records, availability of current debt, the buyer profile that best aligns with your particular park, and market expectations.
We Check Your Books
Then we evaluate your rent roll, expenses and income, and accounting books. The more transparent you can be, the more thorough and accurate the valuation.
We Walk a Mile in the Buyer’s Shoes
We ask industry-insiders and real buyers essential considerations as we evaluate the strength of your current price. We do the hard work of researching local vendor prices, operating expenses, and appropriate rent rates.
We Brainstorm and Make Predictions
Finally, we consider how a new owner could maximize the park’s value. Our team evaluates the pro forma, considers places to add value, and we run forecasts on future income streams.
“Jones Estates has acquired 13 communities and have only ever sold two. Glenn marketed the properties very well, generated significant interest, and then was able to help us select the right buyer, who not only paid a good price but also was credible to close the transaction. Glenn made the transaction simple for us and worked hard along the way to represent our interests. In aggregate, the deals closed for just over $5.5M, and both closed along the pre-agreed timeline.”
JG, Jones Estates LLC
“We tried to sell our large 5 park portfolio on our own first, then tried local brokers, then TenX, all unsuccessfully. Soon after we were approached by Glenn Esterson. Glenn quickly assessed our parks, provided a comprehensive BOV and explained that his network had the right buyers for our portfolio. We were quickly under contract and Glenn was instrumental in negotiations between both parties throughout the process. I recommend Glenn to anyone that is interested in or thinking about selling their park or portfolio. Glenn works quickly and his no nonsense way of doing business makes you feel that you are dealing with someone that truly understands the market and at what price these properties will sell.”
JJ, Portfolio Owner
Contact the Leading MHC/RV Real Estate Firm
Over 12,500 MHP Buyers and Counting
We have generated tens of thousands of free MHC/RV evaluations and helped hundreds of owners get their maximum value by utilizing our extensive network of out of state 1031-exchange park buyers.
Interested in purchasing an investment out of state? Glenn and his team can help you find better deals, secure the best possible financing, underwrite according to your criteria, and negotiate on your behalf to save you money.
Thousands of Lots a Year
The Esterson MHC Team averages a closing nearly every week and typically has more than 40 park listings at a time. We have sold assets in 22 states, and our team continues to expand its reach across the U.S.A. There is no team more qualified to handle your MHC/RV investment.
Contact Glenn Esterson To Get Started On Your Free, No-Pressure Mobile Home Park Valuation
Our team looks forward to helping you better understand your MHP’s value in today’s market.
Not sure if a full valuation is the right move for you at this time? Our free consulting services also cover rent comps and competitive audits – just select your preference in the dropdown.