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How to Buy Real Estate in Rossmoor, Walnut Creek CA 55+ community


While buying Rossmoor real estate is similar in many ways to buying real estate in any other community, there are significant differences.  When you work with me, you’ll be working with a realtor who specializes in Rossmoor, avoiding delays, misunderstandings, and surprise costs.   I am an experienced agent who is familiar with the current market and can help you identify what you’re looking for in current Rossmoor homes for sale.  The best Rossmoor real estate agents are SRES certified, know the area completely, and can help you find Rossmoor homes for sale that are right for you.

Here are some quick points for individuals interested in buying Rossmoor real estate, the premier 55+ community in Walnut Creek, California:

How do you buy Rossmoor Walnut Creek real estate?  How much do homes in Rossmoor cost?

The actual purchase of a home, condo, or coop in Rossmoor is much like the purchase of a home anywhere else.  Rossmoor real estate includes single-family homes, condos, and coops, ranging in price from the low $200,000’s to almost $2 million.  (For the difference between condos and cooperatives, see my post What is the difference between a cooperative and a condominium”).f

How much does it cost to live in Rossmoor Walnut Creek ? Is there a membership fee?

The primary cost to live in Rossmoor is the cost of the purchase of your home (currently, between 250k and almost 2 million).  In addition to the purchase…

  • Mandatory one-time “buy in” transfer fee to the Golden Rain Foundation (Rossmoor’s non-profit governing body).  This is used for capital improvements and maintenance of Rossmoor amenities and facilities (for example pools, gyms, and roads, etc.). This fee, as of July 2019, is $10,000; however this can be waived if moving from one Rossmoor Walnut Creek property to another.  For more information about the Golden Rain Foundation, click here.
  • HOA fees tend to be higher than many other communities (typically $800-$1,000) but are offset by the savings of what is included with these fees. See my post “What do HOA fees at Rossmoor include?” for more detailed information.  Most of the activities, sports, pools, fitness centers, movies and events are also covered under these Rossmoor costs (there is a relatively low fee to play golf).
    Fees at The Waterford at Rossmoor (Rossmoor’s congregate living option) are higher, but cover more (meals and housekeeping).

Can children live in Rossmoor? Does everyone in the household have to be over 55?

  • At least one member of a Rossmoor Walnut Creek household must be age 55 or over.  Residents need to be able to live independently.
  • Other residents of a household may include a spouse, a caregiver (can be resident’s child), or a disabled child.

How many people live in the Rossmoor Walnut Creek Retirement Community?

The population of Rossmoor, Walnut Creek is between 9,000 and 9,500 people. The 6,700 Rossmoor real estate units are comprised of condominiums, cooperatives, and single-family homes, divided into mutual associations.

Why are cooperatives so much less expensive than condominiums at Rossmoor Walnut Creek?

When you purchase a cooperative, you’re purchasing “stock” in the mutual association and the right to live in a unit, rather than outright ownership of the home.  As a result, this might affect potential financing options when you buy real estate in the Rossmoor Walnut Creek retirement community. For an explanation of the different kinds of units, see my post What is the difference between a cooperative and a condominium at Rossmoor?  Which option is best for you?  Call me and I can answer any questions you may have.

Current Rossmoor real estate for sale

Click here to see currrently-available Rossmoor homes for sale.



 I am a certified SRES Rossmoor real estate specialist, and would be happy to answer any questions you may have About Rossmoor, Walnut Creek retirement community.  Call me at 925.699.0031 or email me at tom@tomnevin.com.

The best way to see whether Rossmoor is right for you is to visit Rossmoor. For a free, no-obligation, no-pressure tour of Rossmoor, use the form below. The tour is tailored to your specific interests, and can include a visit to available Rossmoor real estate, if desired.


 

buy real estate in Rossmoor

Copyright ©2020 Tom Nevin. All rights reserved. Rossmoor Realtor/Broker, specializing in Rossmoor real estate and real estate in the greater East Bay Area of California.

Posted on January 4, 2020 at 9:04 am
Thomas Nevin | Category: All Blog Posts, Rossmoor | Tagged , , , ,

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