|RE: Resale of houses and new member orientation||<– Date –> <– Thread –>|
|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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