People choose this exit strategy when they want to get cleanly out of ownership, and they want a lump sum payment.
If this option sounds good to you, remember that there are tax implications. The implications include potentially hefty capital gains tax and recapture tax. Your accountant can explain these taxes in full and help you understand how much you’ll owe if you get a lump-sum payment.
Lenders are not as willing to finance the sale of a mobile home park that is worth less than one million dollars or that contains rental units. Keep this in mind when setting your price. Your pool of buyers will be smaller, and you may have to lower your asking price because of that.
To sum up, if you’re considering selling your mobile home park for cash, remember that it may take a while to find a buyer who a) has the money in hand, or b) has found a lender willing to finance a park with rentals or with a value of less than $1 million.