|Re: RESALE VALUE OF COHO UNITS||<– Date –> <– Thread –>|
|From: Bonnie Fergusson (fergyb2yahoo.com)|
|Date: Tue, 26 Sep 2006 10:11:38 -0700 (PDT)|
In our area, East Bay area of the Greater San Francisco Bay Area, Cohousing units seem to sell for the same or higher prices than units of similar # of bedrooms and bathrooms and square footage in the area. However this is one of those "hot" housing market areas which is only just now starting to cool down to what used to pass for normal. We have certainly found the same things to be true as previous commentators, ie 1. People ignore the value of the common house amenities when figuring sales prices. 2. Most sales come through "cohousing" channels, word of mouth to friends and relatives, greens and enviornmentalists, Unitarian church members and health care professionals. Someone ought to do a study of the relative proportion of Unitarians and healthcare professionals in cohousing vs the overall population. In our 20 unit community we have 5 folk working in health care, 1 Unitarian minister and maybe 1/3 of the group are UU's. 3. As with all real estate deals the final sales price reflects many factors, the local market, how eager the seller is to sell, how well maintained and/or attractive the unit is, special attributes of the specific unit, etc. Recently we had two units sell, one (studio) was on the market for over a year until the owner got a real estate agent to "stage it" but sold for a good price. The other was sold at a small discount to the going rate locally within a month(owner was moving to the East Coast, had already bought a house there and was interested in a quick sale). Good luck in dealing with your bankers, Bonnie Fergusson Swan's Market Cohousing Oakland, CA __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com
- Re: RESALE VALUE OF COHO UNITS, (continued)
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