What It’s Like to Sell Your Park with North Star
At North Star, we specialize exclusively in the sale of RV parks, mobile home communities, and outdoor hospitality assets across Texas and the greater Southwest. Our proven process is built to maximize the value of your property, minimize surprises, and guide you from your initial consultation through a successful and smooth closing. Here’s what it looks like to work with us:
Step 1: Free Consultation Call
We begin with a quick 15-minute introductory call to learn about your goals, timeline, and specific needs. During this call, we’ll also provide a high-level overview of our services, fee structure, and how our marketing platform gives you access to a deep network of qualified buyers.
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Step 2: Property Intake & Financial Review
Next, we send you an easy-to-complete intake form (15–20 minutes) to gather the key facts about your park, including number of spaces, utility setup, rental structure, and operational details. You’ll also share your recent books and records—ideally the last 12–24 months of P&Ls, rent rolls, and any capital improvements—so we can build a complete financial snapshot.
Step 3: Professional Underwriting & Analysis
Our in-house underwriting team reviews your operations and financials to determine key metrics like revenue, expenses, Net Operating Income (NOI), physical and economic occupancy, and competitive rental rates. We also gather soft debt quotes to help buyers understand financing options and drive more competitive offers.
Step 4: Broker Opinion of Value (BOV) & Go-to-Market Plan
We schedule a review call to present our findings, including an opinion of value (BOV), positioning in the current market, and a detailed go-to-market (GTM) strategy. You’ll walk away from this meeting with a clear understanding of what your property is worth and how we’ll get it sold.
Step 5: Engagement Letter & Launch Meeting
If we’re aligned on pricing, terms, and marketing strategy, you’ll sign an engagement letter authorizing us to represent you. We then hold a formal launch call to walk through:
- Your custom marketing package
- Buyer targeting strategy
- Reporting cadence and communication expectations
- Timeline from launch through closing
Step 6: Marketing, Outreach & Negotiation
We immediately begin executing the marketing strategy—leveraging our national buyer network, outbound campaigns, proprietary CRM, listing platforms, and broker relationships. Our entire team actively engages buyers, fields questions, gathers offers, and negotiates the best terms on your behalf.
Step 7: Contract to Close
Once we secure a qualified, ready, and willing buyer, we guide you through:
- Contract negotiation and execution
- Opening escrow and managing earnest money
- Buyer due diligence and inspections
- Third-party reports (surveys, environmental, appraisal)
- Lender coordination and timeline management
Our job is to keep everyone aligned and on track. We handle the day-to-day communication, deadlines, and deliverables so that you can move confidently toward a successful and predictable closing.
Ready to sell or just want to explore your options?
Reach out to us for your free consultation and let’s see how we can help maximize the value of your park.
Schedule your Free Consultation Here