|Re: community collecting resale fees||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Thu, 25 Oct 2018 15:45:03 -0700 (PDT)|
On Oct 25, 2018, at 6:16 PM, Jerry Koch-Gonzalez <jerry [at] cohousing.com> wrote: > > I'd like our community to collect 3% of sale price when units turn over if > the community finds the buyer (meaning no outside realtor was hired by the > seller). Since realtors usually get 6% that seems like a win-win for all. > Reduces the condo fee increases over time. > Any communities do something like this? We don’t require it but a few years ago our Resales and Rental Pod formed to facilitate sales and they request a donation. They build a waiting list of people who were oriented and that they know. The orientees come to pot lucks and workdays to get a taste of things so we often know them too. The Pod designed a standard flyer, printed “information cards”, and organized open houses. For sales they are involved with, which is almost all of them, the schedule is open house on Sunday, offers due by Wednesday, decisions by Friday. It doesn’t always go that smoothly but often does. With a list of people who are really interested and hovering, we know there will be at least some offers. One unit recently got 3 offers but the one they chose didn’t work out to they moved to the next one, which took a week or two longer. A long way around to say that R&R has done and does do a lot of work so when they give the pitch about a contribution to our Special Projects Fund (Capital Improvements), it has brought good results. Contributions, I think, are closer to 1-2% of the sales price. Before that, some people had given voluntarily. As a result, we actually have a Special Projects Fund. Don’t hold me to the number but we have had a lot of sales in the last 3-4 years and we have maybe $75,000 in it. For the first time we can think in terms of what we would like to develop, not just upgraded replacements from the Reserve Fund. My personal rational for resale contributions is that the price of the unit is higher because the community puts so much energy into making the place attractive socially and physically that isn’t paid for in dues. AND perhaps even more importantly, when a household leaves we know we have a lot of work to do to help another family move in and to bring them up to speed. It takes a year of explaining and reminding and helping. The donation does help soften the pain of losing a household and bringing in a new one. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
community collecting resale fees Jerry Koch-Gonzalez, October 25 2018
- Re: community collecting resale fees Sharon Villines, October 25 2018
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