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What's new at Real Estate - Orange County

Page 72

Rising mobile home costs are a worry
Like other homes in the mobile-home park in which they live, it looks out on the verdant parkland of Carbon Canyon. Roses tended by Jean bloom in profusion near their front door. And inside, a $20,000 renovation added granite kitchen counters, new carpets and double-paned windows.
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Page 73

JERGLER
“I have seen a few small groups put together investors with all-cash to purchase properties, usually the distressed properties,” she said. “Overall, all-cash deals are showing up in all areas, and I am seeing more transactions in all ranges that are all-cash than ever before.
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COSTS
Their mobile home, built in 1974, probably doesn’t have much value, despite the renovations they made. Selling it might bring in less than Milt originally paid, and moving it to a mobile-home park with a more predictable rent is probably not an option — many of the better parks won’t accept a home that old.
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