The information on many real estate web sites are often not correct. The real estate business while reported on nationally is truly a local business. Work with a realtor who works with buyers and knows the area you want to purchase. Thanks for asking such a good question!
If you need to know more feel free to look on my site at www.homewitharthur.com and save your searches there for free!... more
When buying a co-op you are buying shares in a corporation. So many shares per apartment. This is why when I sell a co-op I ALWAYS advise my client to get elected to the co-op board as soon as possible. If you are a shareholder in a corporation you want to have some knowledge and input about HOW this corp. is run.
A condo is different. You own the apartment--walls floors etc.
This is a simplified version to answer your question.
As to why it has been on the market for 3 months? There could be many factors --poor marketing, slow time of year , over pricing etc. However, with an efficiency you have a limited market.... more