Very unlikely many if any will hand you keys. Market yourself and attract owners to list, sell or rent their units. I use my Active Rain blog and post daily. I put a free link below to sign up. It has worked well for me to get new listings and buyers... more
P.S. Hopefully you have your own Buyer's Agent and aren't just dealing with the Listing Agent. The listing agent has no business asking for your financial info, except for a pre-approval letter from the lender or a bank statement (to show proof of funds for a cash purchase).... more
This is avery sticky issue.
Find out through your agent which banks have the building approved and go with that bank.
My wife are experiencing this now with one of our co-ops.
This is why it is so important ti be represented by a realtor who knows the co-op/condo market and the buildings in question. Also, agents that have relationship with various banks are also very helpful as well.
The Middleman Team, KELLER WILLIAMS. (917)488-3605... more
As a retired realtor near NYC, I disagree with Noah's reply that co-ops will become obsolete. To answer your question, purchasing a co-op or a condo is based strictly on finances - not on which is a better buy. There is a large gap in the pricing of co-ops vs. condos with condos being more expensive to purchase because the buyer obtains the title or deed to the unit. In a co-op, the buyer is a shareholder purchasing x number of shares in a limited housing corporation that gives you a propriatary lease to reside in a specific unit.
Theoretically, condos are easier to sell which makes them a better buy, BUT the prices can be $100,000. Or more for the exact same size unit as a co-op. Outside of the immediate suburbs surrounding NYC, there are fewer co-ops & more condos with the condo prices decreasing. However, the further away from NYC you are, transportation costs increase if you commute into the city.... more