Buying a home here

Homes at Heron Point are sold by their owners, often through a real estate agent. Because the co-op owns the land, every buyer also becomes a member of the co-op, and the board approves new members before a sale can close. The co-op doesn't take part in negotiating the price.

The steps

1. Find a home for sale and agree on the sale with the owner.
2. Apply for membership. Send in the complete application with the items below. Incomplete applications are returned.

   • a Consumer Authorization and Release form and a copy of photo ID for each applicant 18 or older;
   • the signed acknowledgement of the bylaws, community rules and Occupancy Agreement;
   • proof of income: your last four consecutive weeks of pay stubs and last year's federal tax return, or proof of Social Security, SSD or other income;
   • a pet registration form, if you have pets;
   • a non-refundable application fee of $75 for each applicant 18 or older.
3. Meet the Membership Committee for an interview.
4. Hear back within 14 days. Complete applications are processed within 14 calendar days, and you'll get the board's decision in writing.
5. Before you move in, pay the $400 membership fee (refunded when you sell, minus anything you owe the co-op), sign the Occupancy Agreement with everyone in your household listed, and pay your first month's lot rent of $550. Then the board signs the deed and you close on your home.

Good to know

• Lot rent is $550 a month. It's due by the 7th of the month.
• Pets. Each household may have up to 2 dogs and 2 cats, and cats live indoors. Dogs need their Town of Newmarket registration, with a current rabies vaccination, given to the board by May 1 each year, and a signed dog registration form.
• Dogs our insurance doesn't allow. From October 27, 2026, these breeds and their mixes can't be added to the community: Akita, Alaskan Malamute, Belgian Malinois, Bull Mastiff, Chow, Doberman Pinscher, German Shepherd, Great Dane, Husky, Pit Bull Terrier, Rhodesian Ridgeback, Rottweiler, St. Bernard, Staffordshire Terrier, and wolf hybrids. Neither can any dog with a history of biting or attacking. If you need an exception, for example for an assistance animal, you can ask the board for a reasonable accommodation. See the 2026 Pet Policies PDF.
• When a home first goes on the market, income-qualifying buyers have priority for an initial period set by our bylaws.
• Nothing can be moved into the home until the sale is complete.