|Re: appraisals||<– Date –> <– Thread –>|
|From: Ann Zabaldo (zabaldoearthlink.net)|
|Date: Sat, 1 Feb 2014 14:50:17 -0800 (PST)|
Katie — You are the expert and I bow to your experience and expertise. Somehow, the argument for additional charges because “it’s cohousing” doesn’t ring true for me. I really want to see the argument for it from the appraiser charging the extra fees. For instance, you say it’s hard to equate our CHs w/ “Clubhouses” Here in DC, the condos coming on line have “clubhouses” that would make you weep they are so extensive and beautiful — they look like and function very much like a CH. In fact, it’s now somewhat hard in re: marketing to say “look we have this great common space!” Standard condos now have them, too. I guess cohousing taught them something about design, marketing and community! I’m saying that the CH difference isn’t much of an argument anymore since more and more condos have this extensive space. Plus — at TVC we haven’t had a problem in the recent resales or refinancing. At Eastern Village, just 1.3 miles away, a founding member had problems refinancing his home w/ THE SAME LENDER because “it’s cohousing.” It was cohousing when he bought eight years ago. Really? It’s capricious. Or so it seems to me. Yes. Lending restrictions have gotten tighter. I advise people seeking financing to emphasize that you are “just a condo” like it says in your organizing documents. Maybe we should go back to the days when we didn’t breathe the word cohousing in the same room as a lender. My 1.5 cents worth. :-) Best -- Ann Zabaldo Takoma Village Cohousing Washington, DC Principal, Cohousing Collaborative, LLC Falls Church VA 703-688-2646 On Jan 31, 2014, at 6:23 PM, Kathryn McCamant <kmccamant [at] cohousingpartners.com> wrote: > > If it is the appraiser, or the banks underwriter that is giving extra > review to the appraisal, that is charging more that is probably justified. > Since 2009 residential appraisers are working under very strict guidelines > and relatively low fees. In most of the communities I am familiar with, > its hard to make sense of sales prices on the standard appraisal check > lists and costs per square foot pricing conventional homes are appraised > on. For example, the box they check for a "club house" is does not equate > to the 3000-4000+ square feet we have in our common houses--not unusual to > be more than 100 sf/unit . I would much rather pay a little more for a > better appraisal that justifies the price (and cohousing is more expensive > to create), than have to deal with the aftermath of a bad, low priced > appraisal. > > Katie > Nevada City Cohousing > -- > Kathryn McCamant, President, Architect > CoHousing Partners, LLC > 241 Commercial Street > Nevada City, CA 95959 > T.530.478.1970 C.916.798.4755 > www.cohousingpartners.com > > > > > > On 1/31/14 1:07 PM, "Ann Zabaldo" <zabaldo [at] earthlink.net> wrote: > >> >> Hi Holly and all - >> >> Does this person have this in WRITING that that¹s why she is being >> charged the extra $250? This would be very helpful. >> >> We¹ve been hearing these things about ³cohousing² for some time now >> including not being able to get refinancing for a loan that was >> originally financed through the same company. >> >> >> On Jan 31, 2014, at 3:25 PM, Holly Wilder <hollywilder23 [at] gmail.com> >> wrote: >> >>> >>> I heard from a former Nylander who is buying at another community and >>> was just told she has to pay $250 extra because it's cohousing. Anyone >>> know anything about this? Seems very lame to me. - Holly >>> >>> Holly Wilder >>> Visionary Properties LLC >>> www.visionaryproperties.vpweb.com >>> hollywilder23 [at] gmail.com >>> (303) 517-4180 cell >>> >>> >>> _________________________________________________________________ >>> Cohousing-L mailing list -- Unsubscribe, archives and other info at: >>> http://www.cohousing.org/cohousing-L/ >>> >>> >> >> Best -- >> >> Ann Zabaldo >> Takoma Village Cohousing >> Washington, DC >> Principal, Cohousing Collaborative, LLC >> Falls Church VA >> 703-688-2646 >> >> _________________________________________________________________ >> Cohousing-L mailing list -- Unsubscribe, archives and other info at: >> http://www.cohousing.org/cohousing-L/ >> >> > > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/
- appraisals, (continued)
- appraisals Holly Wilder, January 31 2014
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