Co-op Buyers Tips

Get pre-approved by a lender.
Choose a realtor who has experience in the co-op market.
Check out the building of your choice. Is it physically and fiscally healthy?
Check out the area. Is the building in an economically sound neighborhood?
Find out what the co-op board's approval process is.
Find out what capital work has been done and what is scheduled.
Take a look at the last five years of maintenance fees. Are they reasonable given increases in taxes and expenses?
Find out how many units are individually owned and how many are owned and rented by the sponsor. Also ask what the ratio of sublets to owner-occupied units is. Both these numbers can affect how lenders view the property.
Ask to see the building's financial statements.
Hire an attorney who has experience with co-op transactions.

Click here for Co-ops for sale in Westchester, NY
Click here for Co-op Buyers Tips
Click here for Co-op FAQ's

We value your business and understand your rights to privacy. To stay informed on new property listings and more, please type in your email address below.

 

For Home Buyers | For Sellers | Hot New Listings | Meet the Schneider Team |Co-op Division

Contact Us | Calculate Your Mortgage | Free Westchester School Report | Value Your Home

Community Resources | View Maps of Westchester and Putnam County

Privacy Policy | Site Map | Home

CENTURY 21 Schneider Realty is Independently Owned and Operated.
© 2005 Century 21 Real Estate LLC.
CENTURY 21¨ is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity.