Home Buying in Queens>Question Details

M.paul, Other/Just Looking in Rosedale, Queens, NY

what is better?a condo or a co op? to buy.

Asked by M.paul, Rosedale, Queens, NY Sat Mar 21, 2009

to own a condo .what s the best?less expensive,

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It's a matter of what you are comfortable with--in co-ops you own shares of the corporation and in a condo you have outright ownership, both carry monthly fees.
2 votes Comment Flag Tue Mar 24, 2009
Hi,
This is a tough question as there are many aspects to look at.
I would say it depends on the specific project - what are you getting for your money? what is the SQFT? amenities?
It is also important to check how "healthy" is the building. What are the financials?
Your loan officer and in most cases your attorney will have access to that info.
Good luck in your search.
Shai
0 votes Comment Flag Sat Mar 21, 2009
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