Cohousing-L Mailing List: Re: Fair market value of cohousing homes

[Sharon Villines (sharon]

On May 3, 2014, at 1:26 PM, Philip Dowds <rphilipdowds [at] me.com> wrote:

> Personally, I think the true truth is more complicated.  For those buyers who 
> like the idea of collaborative, communal living, engagement and sharing, a 
> nice unit in a successful coho is worth a lot.  For other buyers, who value 
> privacy and anonymity, shun sharing, and hate meetings, a coho unit is worth 
> very little.  So the trick (as always) is getting products and buyers matched 
> up right.

It's also a hard time to ask the question. We have been through such a down 
market that nothing was selling and lenders were super cautious.

Before 2008 we were having bidding wars on units with 2-3 people raising prices 
above market. Now they are market rate.

For those who are not familiar with it, Zillow is a good website for comparing 
prices, for sold homes and estimates.

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org