SELL YOUR STATIC CARAVAN PRIVATELY
When you decide to sell your static caravan there are are a few checks that you should carry out first. Firsty we recommend that you
check with the park owner that they will allow you in the terms of your agreement to sell the static yourself. This will normally help
you to achieve the best price for your holiday home but you must consider if there are any fees that you may be liable to pay the park
under the terms of your licensing agreement. Often the park will request a commission of 15% of the selling price of your static.
Next we would recommend writing to the park owner to make them aware of your intention to sell, refer to your license agreement to check
what information is required in your letter to them. Maintain good communication with your park owners at all times to ensure that a potential
new owner has as much information as possible and the park can provide you with ongoing pitch fees etc. This will help in the sale as the
buyer will have the facts & fees to hand and when they become due. When selling a static on your pitch, it will add a significant value to
the asking price as you could also be potentially selling the views and position. Thus it is imperative that again, you check the terms of
your license as some parks may require the static to be relocated if sold as you may have initially purchased a premium position on the park
that they may wish to keep for one of their own sales. Keeping good communication with the park should make the transfer of ownership and
new agreement between your buyers and the park become effortless.
Some park owners can offer you assistance with your private sale and in essence they will become your broker. This may involve you signing further
agreements in the form of a 'private sale agreement' with the caravan park. In this instance ensure that you are comfortable with what you are
signing, if not, we would recommend that you seek extra legal advice if you are not happy with form-filling or you are unsure of what you are signing.
Once all of the checks and you are comfortable with the park owners position, now comes the hard bit! What is your static caravan worth? To achieve a
realistic valuation first it is wise to understand how a price for a static caravan is made up. For more information on how to price your static caravan
for a private sale, please read our section on TRADE BUYER INFORMATION as there we explain how a static caravan price is made up and this will give you
a realistic price expectation.
SELL YOUR STATIC CARAVAN TO A TRADE BUYER
Selling your static caravan to a trade buyer can be a simple solution once you have come to the decision to dispose of your holiday home.
The process would normally involve the static caravan being disconnected and removed from the caravan park, so firstly we would advise
that you check the terms of your license agreement with the park owners as to whether you are allowed to sell the static to a trader.
There may be disconnection charges that could be payable to the caravan park before your static is removed off site.
Once all the checks have been completed to ensure that you are ok to sell your static to a trader, the next consideration is how much is
your static caravan worth? To understand a static caravans valuation we must first look at the components and what makes up a static
caravans retail value. There are 3 elements to this, firstly the static caravan its self, secondly the pitch value and thirdly the current
market conditions.
These three components make up a static's retail value, so for example, when purchasing a sited static caravan the retail value may be £50,000.
Of this figure, the actual value of the static may only be £20,000, with £20,000 of the value placed upon the pitch and the remaining £10,000
due to the desirability level of the caravan park. So, on the assumption that the above example is in Scotland, moving the exact same static caravan to
the middle of the Lake District, the retail price could be significantly higher, but this does not alter the component of the actual value of the
static caravan. Thus the figures could be; Static £20,000, pitch £100,000, desirability of the park £20,000 = a retail value of £140,000.
When selling to a trade buyer, the static would normally be removed from site, thus the only component of the above three that is applicable is the
value of the static caravan. Static caravans have an average life span of 15 years on a caravan park, thus the actual unit will also depreciate
during that period. So on the above example, if the static was 'new' at £20,000 and being sold 5 years later, the static would have depreciated
over that 5 year period and may only have an asset value of £12,000.
To gain an accurate current trade buying price, click on our link below and complete the required form. A member of our team will process the information
and contact you with a current market value to sell your static to a trade buyer.
SELL YOUR STATIC BACK TO THE PARK
Selling your static caravan back to the caravan park may be an easy option for many people. But again, there are considerations to think about
when choosing this route. Firstly have a chat with your park to see if they would be looking to purchase your static back. Most often this would be
the case but you are then governed by the price that they are prepared to offer.
The factors that you need to take into account with this option are the current age of your static and how long is remaining on your current licensing
agreement. Most caravan parks will have a policy for the allowed age limit of a static on its park, the average age appears to be 15 years. So if you are selling a static that is 1 year old
you can expect a higher value than a static that is 14 years old. This is because the caravan will potentially need to be replaced in 1 years time. It is a common
practise for carvan parks to restrict the age so that the park is always kept presentable.
As to a guide for the price that you can expect to achieve, remember that you are selling to a business and they will be seeking to make a margin when the static
is resold. Check to see if there are any other static caravans up for sale on the site and compare them to the quality / condition of your own static. This approach
sold give you a feel for the current retail selling values and you must then take into account that the park is a business and will seek to make a profit.
Also remember to ask a couple of questions when enquiring to see if the park will buy back your static, it may help your valuation if there is a waiting list for the park or
if there are very few units available to the parks demand. So don't be afraid to negotiate with the park owners! If they are short of stock or have a large waiting
list, this will make it very easy for them to resell your holiday home.
