Accredited Buyer Representative
A coop is a good buy because they are more affordable in price than condos especially for the price you can buy one now vs 5-6 years ago. They do require board approval unless you find a sponsor unit and you can avoid this waiting. Please contact me and we can discuss further details. There may be a good deal for you out there once I search for you. Best of luck to you!
Certified Buyer Representative (CBR)
Fax: 917-522-9638 http://www.JohnsRealtySuccess.com
EXIT REALTY SEARCH | 3928 E. Tremont Ave | Bronx | NY | 10465
In this market I believe if your investing co-ops, condos, single family or mutli-family are all good buys. It all depends what is your budget and what your goals are? Are you looking to buy cash deals or looking to finance. There's a variety of co-ops out there all over the Bronx. I recommend that you work with a Licensed Realtor someone seasoned in that market and area, they can help you negotiate the best price and terms on your behalf.
Best of Luck!
Exit Realty Search
3928 E. Tremont Avenue
Bronx, NY 10465
This is a great question! Co-ops CAN be good buys, it all depends on your goals. If you don't mind going through a little bit of a screening process to save a good amount of money in a financially sound building, then yes. For the most part, however, condos and multi-family homes are really the best purchases that you can make in this market. That is not to say that all co-op purchases are bad. On the contrary, if you find a great deal on a huge place in a financially sound building in a great neighborhood with a low maintenance, I would say you did pretty well.
Do your research, go through the by-laws and last two years of financials and see if it makes sense. If it does, then you made a wise purchase. Hope this helps!
If you would like to discuss the matter in detail, please feel free to let me know.
Congratulations on taking the first step towards becoming a home buyer. You need to meet with a mortgage professional to get prequalified, they can determine how much you can afford to purchase. Your next step will be to meet with a local realtor and they can provide you with a list of properties that meet your criteria. The sooner you begin the process the better, it takes apprx. 2-4 months from the moment you sign your contract to closing, but that time also varies dependent on many factors. Your agent can walk you through the process.
Licensed Real Estate Agent