The Preferred Future Owner List at The Cedars is different from most retirement communities because there is no priority list for moving to The Cedars. At The Cedars, Members own their homes so that when a home is no longer needed, the Owners’ interest is to sell it as quickly as possible at the highest possible price. Accordingly, an Owner is not interested in waiting for The Cedars to wade through a priority list. Sellers establish the asking price and may sell their homes to whomever they wish, so long as the Buyers meet the age, health and financial qualifications established by The Cedars.
Those who are on our Preferred Future Owner List are called first when a home that meets their preferences becomes available, before it is listed as being available to the general public. Time is generally of the essence, and Sellers have the right to sell to the first offer they find acceptable. Many like the opportunity to have the first look when homes of their desired floor plan become available and can do so by joining our wait list.
Steps to joining the Preferred Future Owner List
Step 1: Complete a Confidential Membership Application
The Confidential Membership Application (CMA) contains basic information about you and your finances. The CMA also contains contact information about your doctor(s), which will be used when you acquire a home at The Cedars.
Step 2: Complete a Preferred Future Owner List Agreement
The Preferred Future Owner List Agreement provides space for the type of home or other criteria that you are interested in. There is also space to indicate the general time frame for acquiring a home at The Cedars.
Step 3: Make deposit
Each application for the Preferred Future Owner List must be accompanied by a refundable deposit of $1,000 plus a non-refundable application fee of $100 per person. The $1,000 deposit is refundable at any time and for any reason.
Step 4: Mail to The Cedars
Mail your Confidential Membership Application, Preferred Future Owner List Agreement and check to:
The Cedars of Chapel Hill, LLC
Marketing Department
100 Cedar Club Circle
Chapel Hill, NC 27517
Step 5: Approval process
Your information will be reviewed, and we will notify you when you are added to our Preferred Future Owner List. You may stay on the Wait List for up to three (3) years, at which time you may renew for an additional three (3) year period upon payment of an additional application fee of $100 per person. At any time you may change your home preferences and/or anticipated acquisition time frame.
Thank you for your interest in our Preferred Future Owner List. We look forward to one day welcoming you to your new home at The Cedars.