Cecil Moore wrote:
Brenda Ann wrote:
Covenant communities should be outlawed.

Actually, all that is needed is for consumers to
reject covenant communities, as I have always
done.
--
73, Cecil http://www.w5dxp.com

Yup - as long as those consumers know what they are getting into.

In more than a few places, the buyer doesn't know a house has covenants
unless they ask exactly the right questions and insist on the answers
in writing. Many folks live in houses with very restrictive covenants
without ever realizing it, because they don't do anything that violates
the covenants.

One of the ironies of all this is that covenanted properties tend to
appreciate in value more slowly than unrestricted ones. This makes them
less expensive - and more popular with buyers.

73 de Jim, N2EY

wrote:
Many folks live in houses with very restrictive covenants
without ever realizing it, because they don't do anything that violates
the covenants.

When I bought my present house, the real estate agent
had no idea about any restrictions concerning this
property. After a lot of digging they were uncovered.
--
73, Cecil http://www.w5dxp.com

Cecil Moore wrote:
wrote:
Many folks live in houses with very restrictive covenants
without ever realizing it, because they don't do anything that violates
the covenants.

When I bought my present house, the real estate agent
had no idea about any restrictions concerning this
property. After a lot of digging they were uncovered.

Hopefully not literally!

The real kicker in all of this is the buyer who doesn't know the right
questions to ask,
and how to evaluate the answers. A verbal statement by the agent, owner
or anybody
else is worthless when confronted by legally recorded covenants in
black-and-white.

These questions have to be asked up-front - preferably before even
looking at a
property.

Always remember that RE agents don't make any money until a sale
closes.

73 de Jim, N2EY