Cohousing-L Mailing List: Re: Question about Cohousing refinancing/comps

[Sharon Villines (sharon]

> On Jun 28, 2025, at 4:57 PM, Kristina B. <kristinabridget [at] hotmail.com> 
> wrote:
> 
> Hello, I was wondering if anyone has gone through a refinancing type process 
> where your house/unit value had to be assessed, comparing to "comps" or 
> similar homes sold in the area?
> Is there any way to count the value of one's percentage of common space in 
> the calculations?
> Because unit square footage is not comparable. :-/

Choose your assessor carefully. They only care about comparables from the last 
6 months to a year. I just had this done last spring and the prices were 
expected to be dropping, so the assessor was afraid of being too liberal. 
Trumph had just started off on the tariff rant and no one knew what was going 
to happen.

No matter how much I talked about cohousing facilities, it made no difference 
because there was nothing to compare it to. Unless there is a direct comparable 
the cohousing amenities are not relevant. To assessment requires a comparable. 
Assessors think like banks, not like real estate agents.

Sharon
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Sharon Villines
Riderwood Village, Silver Spring MD