Topic: Difference between Coop and Condo
Not finding your answer? Try searching the web for Difference between Coop and Condo
Answers to Common Questions
What is the difference between a condo and a coop?
When you purchase a condominium, you purchase a unit, plus ownership of common areas that you own with all the other unit owners. A lender will give you a loan, based on your ownership title to this property. When you purchase a unit in a c... Read More »
Source: http://wiki.answers.com/Q/What_is_the_difference_between_a_condo_...
What is the difference between a condo a townhouse and a coop?
A condo is very much like a duplex. It is one house made into two. A townhouse is different because they are just single houses against each other. Read More »
Source: http://wiki.answers.com/Q/What_is_the_difference_between_a_condo_...
What is the difference between a COOP and a Condo?
It refers to type of ownership. In a coop, each owner owns shares in the corporation. The shares entitle a person to occupy a specific unit. However, the corporation is the owner of the building. And that includes the unit you're living in.... Read More »
Source: http://www.trulia.com/voices/Home_Buying/What_is_the_difference_b...
More Common Questions
Answers to Other Common Questions
Both a condominium and a co-op represent forms of real estate ownership, generally of an 'apartment'-type unit. Usually -- and this is especially true in New York City -- when you buy a condominium, you buy a unit and share ownership of all...
Read More »
Source: http://wiki.answers.com/Q/What_are_the_differences_between_a_cond...
Selling a condo or an apartment is different from selling a home because the type of person who you market to is different. Follow these steps to successfully market your condo or apartment.
Read More »
Source: http://www.ehow.com/how_7231_sell-condo-co.html
If you're considering buying a condominium or co-op instead of a single family home, be aware that there are distinct differences to owning each property. Single family dwellings require the homeowner to do routine maintenance and make nece...
Read More »
Source: http://www.ehow.com/how_6292897_buy-co_op-condo.html?ref=Track2&u...
Buying a condominium or cooperative apartment is a lot like buying a single-family home, but there are things to consider that are unique to this type of property.
Read More »
Source: http://www.ehow.com/how_5837_buy-condo-co.html
Condominiums (condos) and co-operative apartments (co-ops) are similar to single family homes, in that home ownership offers tax advantages and property appreciation, as well as many of the traditional rights and responsibilities unique to ...
Read More »
Source: http://www.ehow.com/how_2071713_know-condo-from-coop.html
Jessica, To further elaborate on Michael's explanation, the definition of a stock cooperative is as follows: “Stock cooperative” means ownership of the land and buildings by a corporation, in which tenants own shares of stock and thus are e...
Read More »
Source: http://www.trulia.com/voices/Home_Buying/What_s_the_difference_be...
Hi John, When you purchase a co-op you do not own your unit (apartment), but as a stockholder you own shares to a corporation. The corporation has title to the unit, land and building, and there is a board of directors which is elected, and...
Read More »
Source: http://www.trulia.com/voices/Home_Buying/what_is_the_difference_b...
