Re: Two people want the same unit
From: Robert Heinich (robertenocommons.org)
Date: Fri, 16 Jun 2006 08:08:08 -0700 (PDT)
Vicky,

Why not treat this as a private transaction (or is your community planning to be involve in every estate transaction)?

Person A who has the initial contract and wishes to move to the renovated house (I assume your community has a contract with Person A on the renovated house) can sign into a contract with Person B. The at-large community does not need to be involved.

Here at Eno Commons, we do not get involved into the private real estate transactions. Yes, we list the available house on our web site, give tours and provide Covenants, By-Laws and HOA financial statement to serious buyers. However, we do not track what houses sell for. (We know it unofficially - let's face it we are in cohousing - everyone talks to everyone else but that info is not listed on the web site.)

Otherwise, you might be more involved than you care to be.

-Robert Heinich
Eno Commons
Durham, NC
where we are getting ready for this Saturday's HAWAIIAN LUAU Party.


----- Original Message ----- From: "Vicki Penner" <vickipenner [at] sunflower.com>
To: <cohousing-l [at] cohousing.org>
Sent: Friday, June 16, 2006 8:37 AM
Subject: [C-L]_ Two people want the same unit


Hi, I'm Vicki from Delaware Street Commons.

Now that we have our construction financing in place, we are getting
inquiries.   A couple of people are ready to sign real estate contracts.
One household wants a unit that another person has a contract on.  This
is feasible in our situation because we anticipate renovating a house
that is already on our property and thereby adding two more units.  The
person who already has the contract on the desirable unit is planning to
move when the renovation is complete.  However, we don't know when
exactly that will be.

Our question is how can we provide an assurance to the new person that
they will get it if the first person moves?   We anticipate at least a
small domino effect when the two rehab units are complete.   How have
other communities dealt with people within the community wanting to move
to another home within the community?   We would like to have a policy
that might work long term and not just solve this immediate dilemma.

Thanks for any help you can give us.

Vicki Penner
Delaware Street Commons
Lawrence, KS

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