How to Sell an RV Park in Tennessee

Step 1 — Get your basic facts together

• Parcel number, acreage, and address
• Site count by hookup type and amp service
• Occupancy by month for the last one to three years
• Revenue and expense history, even if informal
• Utility systems: municipal, well, septic, lagoon, submetering
• Existing loan balances and payoff contacts

Step 2 — Decide how you want to sell

Broadly, you can list with a commercial broker, market the property yourself, or sell directly to an investor. Each has real trade-offs around price discovery, timeline, privacy, and effort.

Step 3 — Evaluate offers on terms, not just price

• Is the buyer financing, and how firm is that financing?
• How long is the due diligence period, and what is the deposit?
• What contingencies exist, and when do they expire?
• Who handles tenant notifications and employee transitions?
• Is a seller-financed or structured component being proposed?

Step 4 — Due diligence

Expect verification of financials, rent roll, utility systems, title, survey, zoning, and environmental condition. This is the phase where undisclosed problems cause renegotiation, so early disclosure protects your price.

Step 5 — Closing

Closing typically happens through a title company or closing attorney. Existing loans are paid off from proceeds, taxes and rents are prorated, deposits are transferred, and the deed is recorded. Tennessee transactions commonly involve a transfer tax on the deed; your closing agent will detail the exact figures.

Practical Tennessee notes

• Parks on private water or septic systems should have permit documentation available; this is a frequent diligence bottleneck.
• County-level zoning and length-of-stay rules vary widely across the state — confirm your property's status early.
• Lake-adjacent parks may involve TVA-related boundary or shoreline questions.
• Confirm your property tax classification, since a sale can trigger reassessment.