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6 more problems with 55 and over Communities - YouTube
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- A few months ago I did a video called,
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five problems in 55 and over community.
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Well, since then I have had
so many awesome comments
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that I wanted to incorporate
into version two,
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of the five problems with 55 and over
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and you are going to be
surprised to hear what these are
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and it starts right now.
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(upbeat music)
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Hi, I'm Maria Wells, Broker/Owner
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of Lifestyle Realty Group,
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here, on the Treasure Coast of Florida.
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Well, when I did my first video
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the five problems of 55 and
over, click up here to see it.
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I got so many great comments from many
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of my viewers that I had to
put version two together.
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And I'm going to take a more in-depth look
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of what really goes on in
a 55 and over community.
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So number one, it's a
real life Peyton Place,
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except for those of you
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that might remember watching Peyton place
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you could turn the television off.
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This you can't.
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There's infidelity,
drinking, all sorts of things
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that go on, and it doesn't stop.
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It moves from one person
to another person.
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So it's always an ongoing saga.
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Number two, many have too much time
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on their hands that
they're in your business.
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And let me say to you
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that I had a home that was
listed in a 55 and over
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and there were some things
that went on in that home.
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And every time I had a
showing these neighbors
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couldn't wait to tell a prospective buyer
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of what was wrong in the home.
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And I'm not saying anything
structural with a home
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but just what went on with
the people living there.
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What do you think happened?
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It sold for a lower price,
because the neighbors
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wouldn't stay out of the
business of selling this home.
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Then when it's sold, I get a phone call
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and it's a very unhappy neighbor
that we sold it for less.
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I said, we tried in this hot
market to sell it for months
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but every time we had a prospective buyer,
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you made sure you said something
which lowered the value
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of not only that property,
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but yours, until new sales go on.
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Number three, if you're
a single man, beware.
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The ratio of men to
women, is three to one.
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So single men, if you want
to be absolutely bombarded
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with single women, then maybe
this is the place for you.
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Number four, the homeowner's
association is pretty strict.
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You can't even plant a flower
without getting permission.
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So, if you do something wrong
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the homeowner's association
is all over you.
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But if you need to get a hold
of the homeowners association,
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like to find out rules and
regulations or something,
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they never call you back.
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So number five, because
you can't put anything
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on the outside of your home
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or do things that might
attract people to see it.
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They have very low crime
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because there's basically
nothing to steal.
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Numbers six.
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In condos there's no car
washing no motorcycles.
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Now sometimes they will have certain areas
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You can put them in and also car washing,
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they might have a certain area for that.
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But other than that,
even sometimes vehicles
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that we would think are
common ones to be able to have
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such as SUV's and stuff,
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they have to have certain
size restrictions to be able,
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to be in these 55 and over communities.
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Some of these cons may not
be cons to some of you.
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They might be pros because
you like the restrictions
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and how it keeps your property value up.
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However, if you have never
lived in one of these,
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I think it's important to
be aware of what can happen.
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Now, 55 and over homeowners
associations tend to
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escalate the power of the
homeowner association.
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Just, due to the fact of
what I just mentioned,
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there's so much time on their hands
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and they love getting in
the neighbor's business.
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So make sure you look at
every angle before purchasing.
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Some of them are wonderful
and great communities
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but just be aware.
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Happy house hunting.
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(upbeat music)
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