RE: Resale of houses and new member orientation
From: Rob Sandelin (floriferousemail.msn.com)
Date: Sun, 20 Dec 1998 17:11:36 -0600
Be very careful, that when you create any proposals to control resale of
units, that you don't make it difficult for banks to give you loans. Banks
are kind of fussy about such things. Be sure to check any such resale
restrictions with a savy real estate attorney.

This is a potential weak link in bank financed communities, that the banks
determine a great deal about who your neighbors are.

We had this situation at Sharingwood, a property was foreclosed on by a fast
freddy loan shark kind of lender who had NO interest in the community,
thought it was bizzare, and just wanted to maximize his profit.

The key to dealing with hostile resales is simply to find a buyer that is
cohousing interested when the property comes for sale. This can be done,
especially if you market continously, have a ready list of interested people
you can sell to. This requires action and motivation to do, you need to be
proactively selling a home in your community, even before it actually goes
up for sale. You can also intervene on the home tour, explaining the
community. (This can be tense) You can put up a sign on the community
property, but along the approach to the unit that describes the community.
(This will piss off your estranged seller, but who cares about them
anymore?) You can make a big sign in the community parking area (temporary
of course) that indicates that this is a community and what that means. You
can place fliers under the doors, you can hand out fliers at the open
houses. Again, your seller may not be pleased about this, but if they are
estranged already, you should work to protect your community investment, and
that means finding buyers that WANT to be in a community.

More than a few IC's have been dismantled by people moving in to them
because it was a good deal, or a great profit opportunity and the heck with
this community stuff. Eventually, if enough of the population is not
interested in community stuff, the community will die. And then, it just
becomes another condo. Apparently this has happened at Common Ground in
Aspen. It could happen to any cohousing group, and mostly the means to avoid
such a fate are easily to implement and work on. But you have to pay
attention and do some work in order to succeed.

Rob Sandelin
Sharingwood, where a home came up for sale, was advertised once, and has
apparently sold in less than a week.


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