Some time ago, I had a conversation with one of my Instagram friends. She lives in Germany, and she was talking about people buying and selling houses there. She posted about the application process and how prospective buyers write essays just like you do when applying for college. They try to convince the seller why they are the best candidates for this acquisition.
I told my friend that in the US, things are different and that most of the time, the seller and the buyer do not know each other. She asked me whether, in my case, the association had a word in who would be the next owner, and I told her – no, I didn’t know anything about the association; it was all an extra bonus.
Then I thought about that difference, and I think it comes to the fact that we want to avoid unfair treatment. We all know that Black people are being approved for a mortgage at a lower rate than White, and you remember what I learned about my old house sale. Not knowing your buyer provides at least some assurance of objectivity.
Another aspect is a clear distinction between neighborhoods, which is especially pronounced in Chicago. I knew nothing about this association, but I knew that I was moving to Rogers Park, and this fact set the scene. For many people, it’s a desirable destination, but not for everybody.
Neighborhoods and not gated communities either. This year, there were a lot of changes in my condominium, and the veterans are excitedly saying that “now we have diversity.” Not that much, but at least there are people of different races and people speaking different languages. We shall see how things will turn, but I do not think we will ever get to the point of buyers’ essays 🙂
2 thoughts on “Can You Choose Your House Buyer?”
This absolutely happens here. 😦
They are called offer letters. We refused to read the ones we were sent with our offers– it’s an absolute minefield for Fair Housing Act violations, for exactly the reason you state.
But it happens all the time, and in my opinion it is a backdoor to housing discrimination.
Even if it happens, it is not the obligatory part of the process. What she says is that you can’t do WITHOUT it in Germany.