Someone asked me at this web site "what are the pros and cons of buying a home in an adult community or an over 55 age restricted community?"
 
This is my reply on pros and cons on buying in an adult community.
If you have no strong perference one way or the other, then the purchase price difference is significant. Generally you can get an active adult community home for 10 percent less. It will tend to be newer and have more square feet. Municipalities like to have adult communities because they are a good source of steady tax revenue and they do not add more children to the school system and their costs for education.
 
Younger couples would love to move to an over 55 community to get more home for less money - but the age restriction prevent them.
 
Several people said to me "But I have to sell my house first. I wonder if I can sell and at what prices?"
 
This is my reply to selling your home and buying another in this market.
The housing market is picking up a bit. I negotiated two contracts so far this year where there was a bidding war! Can you imagine this!
The secret is listing the home competively at the 2009 market value and not at 2006 or 2007 levels. The dollar difference between Selling your existing home and Buying a second home is less than you think.  
 
Prices have come down a lot. Although you will get less for your home, you will pay less for another home. If you would like me to give you a free market analysis of  your home, just fill in the form at this LINK at my web site .http://www.seeknjhomemarketvalue.com/