resale issues and practices | <– Date –> <– Thread –> |
From: Marci Malinowycz (SoDancemsn.com) | |
Date: Mon, 29 Jan 1996 12:37:50 -0600 |
I'd like to bring up, again, the subject of resale of a unit. Here at Puget Ridge Cohousing in Seattle, we are preparing for the first turnover since we moved in almost 2 years ago. I know the topic of resale was discussed awhile ago, but now, with more members on this list and with more experience among the communities out there, I'd like to hear some examples of how existing groups handle a resale. At this time, I'm not so much interested in untried ideas that oughta work, but rather actual practices that do work (or, if they don't, why you think that's the case). Also, I'm interested in already-moved-in communities, rather than those who are still building up their membership. Also, as the list is going down for a few weeks, I invite you to send your replies to me directly, at SoDance [at] msn.com (please cc me at my other address, marcim [at] microsoft.com). I'll compile this research and resend it after the server is back up. Thank you. (About the available unit: We're not ready to announce it yet, but meanwhile I'm collecting names of people who have already expressed an interest in our community. If you are one such, you can email me, or call me, Marci Malinowycz, at home at 206-763-2623.) Do you have a right of first refusal? Do you exercise it? In all cases? How do you select a designee? If you don't have first refusal, do you have other controls over the choice of a new resident? If you do not have any legal controls, what agreements or practices do you have to ensure that a prospective buyer is informed? What orientation do you offer, and what materials do you give out? How much time takes place between initial inquiry and a written offer? How many people go through the informational stages for each one offer that is finally made? How do you handle the marketing? What part does the seller do, and what part does the community take on? How do you handle the transition once the sale is done? How do you incorporate the new member into the community? What do you do to help the other residents adjust to the change? What have you learned after handling more than one unit resale?
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resale issues and practices Marci Malinowycz, January 29 1996
- RE: resale issues and practices Audrey Watson, January 29 1996
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