cohousing and resale | <– Date –> <– Thread –> |
From: don i arkin (shardon5juno.com) | |
Date: Mon, 3 May 2004 08:59:10 -0700 (PDT) |
Hi, As a resident of a community with an extremely short waiting list for house types not currently available, I am surprised to hear of an objection to a policy that requires a sale at appraised value to someone on the waiting list. I can think of two objections though. Appraised value is almost an oxymoron and has limited meaning before there is actually an offer on a particular house except for the rare circumstances when an identical house has been sold in the same neighborhood in the very recent past without extenuating circumstances. So an owner could believe that the house could sell for more than the appraised value, although that price would likely become the appraised value after the fact. The second reason would be if the owner wanted to sell it to a particular friend or relative, or if the owner was leaving. On the other hand, the value of a policy that "requires" such a sale seems limited to me unless you are charging a fee to be on the waiting list. I would think that the immediate notice of availability would be sufficient reward to make the list beneficial for buyers and sellers alike. Don Arkin, Sonora Cohousing where we currently have 4 of 36 homes for sale. We believe that the sales of Stone Curves, less than a mile away and currently under constructions have temporarily hurt our resales over the last year.
- Re: cohousing and resale -great responses, (continued)
- Re: cohousing and resale -great responses Shelly DeMeo, May 2 2004
-
Our experience with waitlists Rob Sandelin, May 4 2004
- Re: Our experience with waitlists Elizabeth Stevenson, May 4 2004
- Re: re: cohousing and resale Robert Heinich, May 2 2004
- cohousing and resale don i arkin, May 3 2004
- Re: cohousing and resale Elizabeth Stevenson, May 3 2004
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