Re: Tips for selling/moving from own home to senior cohousing
From: Alice Alexander (
Date: Sun, 30 Aug 2020 06:55:43 -0700 (PDT)
Good question and an issue for most every forming group!
At Durham Cohousing, we were delayed from moving in for a number of
reasons, so there was much scrambling about living situations. Also an
issue: having the capital to invest in our cohousing meant for many of us
having to sell our homes before move in.

There are a number of creative solutions we considered, several of which
build community:

   - Members joining together to rent a house or apartment together;
   remember this is temporary so an opportunity to down size, even temporarily.
   - Members who choose to stay in their homes, to sell after construction
   is complete, can invite other members to co-household with them.
   - Some put everything in storage and went on extensive travel, "let me
   know when I can come home."
   - Some folks have 2nd homes where they can stay for extended periods, or
   allow others to stay.
   - Many are able to house sit for friends and family; at Durham Coho, if
   memory serves one of our members ending up house sitting for 3 different
   families because of our delays.

I can't recommend purchasing homes for the short term; that's too much
commitment and hassle!

Alice Alexander
Durham Central Park Cohousing
Durham, No Carolina


On Sat, Aug 29, 2020 at 10:11 PM Katie Henry <katie-henry [at]> wrote:

> Most of our members/future residents own their homes and will be selling
> to move into cohousing when construction is complete in about a year and a
> half. Does anyone have any tips for managing the timing? If a house sells
> quickly and construction is delayed, some members could end up living in a
> hotel for too many months. The housing market in Tulsa is currently very
> healthy and short-term rentals are scarce and expensive. This is causing a
> lot of stress for some members.
> Have any communities done anything as a group to mitigate this risk? A few
> of us have tossed around the idea of buying two or three units in a nearby
> condo community. They're affordable enough that individual members could
> pay cash and the HOA fees aren't bad. The other members (either all members
> or just those with houses to sell) would chip in to reimburse the buyer for
> the monthly expenses. It would be like an insurance policy. Whichever
> members need housing and stay there would pay market rent. Once everyone
> has moved in, the condo units could be sold or kept as the buyer prefers,
> with no further reimbursement from the community.
> Is this nuts? There are obvious risks - big special assessments, unable to
> sell, etc. - but also potential upside.
> The other issue is getting rid of a lifetime of stuff, but that's a
> different thread.
> -----
> Katie Henry
> Heartwood Commons - Tulsa
> A senior cohousing community in lively, progressive Tulsa
> Construction starting in September!
> Reserve your home now!
> _________________________________________________________________
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Alice Alexander

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