Hi Margaret, I too live in a similar village and when people around here sell they seem to be going through a couple of local real estate agents. When I bought my place it was a private sale. My late wife and I were walking around the village and a "For Sale" sign was in the front window, I knocked on the door and the people that had the place said come in if you have your cheque book, we did and we moved in a month later, I'm still here.
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I've often thought a home in an 'Over 50's' park to be a really good idea, especially with somewhere there to park the van, but have never understood the legal issue around the rights of residents to continue to live there. Can the owners tell you to take your home away or do you have a legal right to live there, and if so, for how long? Are these parks all the same, or do they differ in that respect? I'd love to know.
I have a sister in law who lives in such a place and while she is very settled & happy there are a goodly number of folk wishing to sell and like you no deal......the problem seems to revolve around whether the village/resort etc still has new properties available or space to put a new home on, if thats the case then the marketing effort of the owners/managers gets diverted to the more profitable area.
Sister in law said that the residents recently had a whinge session with the owners and that seems to have shaken them up a bit, to the point where there is now positive action on their behalf........perhaps you need to get a committee together and do the same thing.
I have a sister in law who lives in such a place and while she is very settled & happy there are a goodly number of folk wishing to sell and like you no deal......the problem seems to revolve around whether the village/resort etc still has new properties available or space to put a new home on, if thats the case then the marketing effort of the owners/managers gets diverted to the more profitable area.
Sister in law said that the residents recently had a whinge session with the owners and that seems to have shaken them up a bit, to the point where there is now positive action on their behalf........perhaps you need to get a committee together and do the same thing.
Why don't residents [statewide or nationwide] club together and start their own website, to sell existing homes in over 50's parks? It would be very good for buyers to be able to view available homes on the same website.
I've googled looking for listings a few times, but the listings are scattered, placed mainly by agents, and there is rarely information included on the site lease situation of a particular listing. That means you have to call the agent to get information that could easily have been listed. It doesn't encourage trust in the process when it's not clear what the site tenure comprises.
There are legalities involved in selling their own unit. The concept of these villages was very popular in the beginning, but in the clear light of day, many days later, the facts become clearer. Good luck selling your unit.
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20ft Roma caravan - Mercedes Benz Sprinter - SA-based at the moment. Transport has no borders.
Management makes the decisions, but is not affected by the decisions it makes.
Another point I forgot to mention earlier is that most operators of the villages have a tightly worded contract of sale which enables them to make dollars both ends depending on the size of the exit fee.
