Co-ops & Condos: The Differences
- All the important differences
An overview of co-op buying, selling and owning.
I’ve lived in and sold many co-ops in Chicago, and the one thing that surprises me most is how few people, real estate agents included, understand the differences between co-ops and condos. So, I’ve written an ebook to spell out the differences, along with a short history of co-ops and some resources for legal and financing help: Condos & Co-ops: The Differences. I hope you find it helpful.
Get my FREE ebook from brixNflix to learn: 1. Who owns what; 2. What do assessments include and to whom are they paid; 3. Who really pays the real estate taxes; 4. Legal considerations for reserves; 5. Services & Amenities; 6. Price variables; 7. Governing factors; 8. Financing; 9. Closing costs; and 10. Application /approvals.
WOW! This is incredible for agents to refresh their memories about the differentiation on condos and co-ops! Great tool for newbies in the business too. It’s informative and concise.
This is a terrific refresher course. I too believe that the general public doesn’t understand the intricacies of co-op ownership, this article spells it out. Terrific resource.