Re: Right of First Refusal
From: John Beutler (jbeutleradelphia.net)
Date: Thu, 12 Oct 2006 04:29:23 -0700 (PDT)
The other thing that has not been mentioned is that giving the buyer a clear idea of what cohousing is about is in the seller's interest, otherwise some of the community aspects could be considered as "hidden defects" of the unit. Basically, it could be viewed as fraudulent to not disclose just what it is you are selling. Most realtors are careful to make sure that the buyers are aware of what they are buying, but since most cohousing units are sold with minimal or no involvement of realtors, this can be more problematic.

Cheers

JAB

 At 01:32 PM 10/11/2006 -0700, Joani Blank wrote:

The best protection against having someone completely inappropriate
move in to your community, is that the current residents be
encouraged to sign an agreement (formal signing of such an agreement
has to be voluntary) that they will not sell their unit to anyone who
will not agree to participate (whatever participate means in your
community.   Everyone also agrees to make sure that any potential
buyer understands what it is like to live there. And almost all
communities do that by having a potential buyer attend a couple of
common meals and perhaps some other community activity such as a
meeting or a work day or both. To my way of thinking  this is an
extensive set of disclosures that are not required by law but taken
as a whole are designed to assure that any buyer knows pretty much
exactly what he or she is getting into.  This is hardly
discrimination As a matter of fact, whether the prospect ends up
loving the community (and becomes a great cohouser), OR realizes that
this community is not for him or her and decide not to buy, we have
done him or her a great service by being open with them about life in
our community.
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John Beutler
Liberty Village, MD
jbeutler [at] adelphia.net
http://www.libertyvillage.com/

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