What Do You Mean I Can't Keep My Dog?

By
Real Estate Broker/Owner with South Florida Real Estate & Development, Inc. BK3027955

I have a listing in Coconut Creek, Florida. It is a beautiful condo in the Township - a development by Minto Builders which did a spectacular job - and it still is as popular today as it was first built.

That being said, there are many subdivisions in the Township with individual condo associations. All ages are welcomed - but some have pet restrictions which are rather inconvenient to buyers and sellers -

Sellers want to sell the property to 100% of the buyer population - pet restrictions limit the numbers of buyers options - therefore primarily the price drops considerably because the property cannot be marketed to all pontential buyers.

Restrictions are helpful for the betterment of society - but when 70% of the American population actually have pets - it does limit the number of buyers for the property.

Supply and demand - I wonder what condo associations think when ratifying the condo docs to restrict pets?

Do they know that they are lowering the property value for the whole community?

 

Comments (12)

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I don't take pet restrictive properties for management BECAUSE of this issue.  Families COME with pets and single women almost ALWAYS have a dog - most are better than having a MAN!!!

May 18, 2010 05:41 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Wallace - Amen sister - you are preaching to the choir - I still think it is a form of discrimination.

May 18, 2010 06:26 AM
Melissa Anderson
Mortgage of Texas & Financial - San Antonio, TX

Nick- you are correct, this does limit the buyer pool for that community and therefore reduces the overall value.

I would never live somewhere without my dogs! 

May 18, 2010 07:12 AM
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

We have a number of co-ops in town and only two of the buildings are "pet friendly" as we like to say.   Those two buildings get better offers than any other in town and they don't even guarantee parking spots so the pet welcome policy is very important but just try telling that to any board.  They seem to know much better than the professionals

May 18, 2010 07:13 AM
Mike Saunders
Lanier Partners - Athens, GA

Nick - I don't see too many condos that restrict pets as much as they restrict size and number, i.e. 1 dog less than 25 lbs. While it does lower the buyer pool, many see it as a bonus and are willing to pay more for a place where they don't have to worry about "critters".

May 18, 2010 09:27 AM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Nicholas, 

Anytime you add restrictions like that you are not helping the neighborhood.  Like you said, when 70% of the folks have pets nationwide, it's a big deal killer.

We recommend to all of our property owners who are leasing to allow pets.  Otherwise, we just got rid of 50% of possible tenants.  If they have fabulous credit, which our tenants do, the pet will be ok.  The kids might still hurt things, but the pets will be well behaved:-)

All the best, Michelle

May 18, 2010 10:55 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Melissa - I would not live anywhere where they prohibit pets - period!

May 18, 2010 02:56 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Liz - Pet welcome policy is music to my ears - thanks -

May 18, 2010 02:57 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Mike - I disagree - especially here in south Florida - more and more condos are restricting pets - and that is one of the reasons condo prices are falling harder than a prize fighter in the ring!

May 18, 2010 02:59 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Michelle - Smart lady - and a wonderful picture of your baby in your arms -

May 18, 2010 02:59 PM
Ted Baker
Carmody and Associates LLC - Winter Haven, FL
MidFloridaMediation.com

Oh Nick - Elijah is not going to like this post.

 

May 18, 2010 05:57 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Dogs are PEOPLE Too!!!  Cici and Pico at home @ Springer Lodge * Keswick, VA

May 18, 2010 08:16 PM