09-15-2014, 02:44 AM
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Quote:
Originally Posted by TheVillageChicken
Seriously, do you think the realtors and closing law firms check to see what the ratio of over 55s to under 55s is before finalizing a sale? If there is such a data base, I wonder what the current ratio is.
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It is not the job of a Realtor to know what the statistics are concerning the 55 age and the 80/20 percentages in an adult community. It is also not the job of whomever it is that does the closing to know what these ratios are. Lawyers are not the only ones who do closings.
It is up to the condo itself to accept or reject someone who is not the proper age. Usually, there is an interview followed by acceptance (with a letter which must be provided before closing), which is required for the closing. Without that letter, the property will not close.
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