Cohousing-L Mailing List: Re: communities that handle property buys and sells internally?

[Ann Zabaldo (zabaldo]

Marianna -

Anyone can make a donation to the HoA at any time regardless if it’s a home 
sale or a windfall from a rich uncle… Doesn’t make any difference where the 
money comes from.

I don’t know if this is a state regulation or not but our donations are not 
taxable. Taxing regulation may be state specific.

I hear you saying that you’ve inquired of your bookkeeper about this. I’d be 
inclined to talk with a condominium lawyer or tax

Ann Zabaldo
Takoma Village Cohousing
Washington DC Washington DC

Sent from my iPhone
All tiipos ... curtesy of Siri  :-)

> On Oct 21, 2019, at 1:12 PM, Mariana Almeida via Cohousing-L <cohousing-l 
> [at] cohousing.org> wrote:
> 
> Regarding this: 
>>> Here at Takoma Village our Resale and Rental POD (team) has facilitated 14 
>>> home sales in the last four years resulting in over $100,000 in donations 
>>> to the community because we save the seller 6% on the transaction.
> 
>>>> This is truly a godsend. We have rarely had a capital improvements or 
>>>> special projects fund.
> How can an HOA receive money from an individual who just sold their house? Or 
> is that individual actually gifting it to another individual who is then 
> donating it? 
> We keep on being told my bookkeeper and accountant types that this kind of 
> gift is taxable, which puts a damper the on whole thing!
> Mariana
> 
> 
>>    On Saturday, October 19, 2019, 08:35:18 AM PDT, Sharon Villines via 
>> Cohousing-L <cohousing-l [at] cohousing.org> wrote:  
>> 
>> On Oct 18, 2019, at 7:41 PM, Ann Zabaldo <zabaldo [at] earthlink.net> wrote:
>> 
>> Hello Katie and all — I really appreciated hearing different experiences in 
>> home sales in cohousing.  I bet we could write a book about cohouser sellers 
>> and buyers.  I certainly have some tales.
> 
> One discovery over watching 20 years of sales is that except during the 
> non-depression of 2008, units that have been hard to sell have to do with the 
> lack of clear communications on the part of the owner. Phone calls are not 
> returned, listing price not established, waiting for a better offer, etc. 
> Buyers just quit trying or run out of time. One unit was empty almost a year 
> because three buyers just gave up because they couldn’t  get straight 
> information.
> 
> The Resale and Rental Pod meets with the seller and sets out options and a 
> clear picture of the process. It doesn’t always happen this way, but it’s 
> tour on Sunday, offers by Wednesday, and contract accepted or negotiations 
> end by Friday. That sets expectations for both the buyer and seller.
> 
> The Resales and Rental Pod has greatly helped with this, even though they are 
> not directly involved in the sale. Since the buyers know them through the 
> tours and other contacts, the potential buyers can consult them about what is 
> going on. If things get too difficult, the Pod can also recommend that the 
> seller work with a real estate agent.
> 
> I don’t think we have had an agent successfully sell any units although they 
> have tried. In two cases in which agents were invo