Visit My Co-ops For Sale Page - http://kandhhomes.com/CoopsForSaleInBrooklyn.htm
Visit My Co-ops Sold Page - http://kandhhomes.com/InContractAndSoldHomes.htm
Feel free to contact me anytime.
Full Time Top Sales Agent
Specializing in Co-ops and Home Sales
Weichert Realtors, H.P Greenfield
Just an update for you: We have 2 co-ops available in the Sheepshead Bay area. One is a 3 Bedroom with one bath and the other is a huge 1 BR 1 Bath on the top floor and is convertible to a Jr. 4. Here are the links to the Single Property Sites which will give extensive information and a photo tour:
We have extensive experience with co-ops and can answer any and all your questions. Just let us know what type of unit you are seeking. Feel free to call us at 917-593-4068.
In addition to our website below, our local Coldwell Banker site is: http://www.RogoffRealty.com.
Hello, co-ops are my specialty. I sell many co-ops in Brooklyn throughout the year. I can explain to you in detail the differences between co-ops and condos, requirements, buying process, preparing for the board, etc.
~~Visit My Webiste to See All The Co-ops I Have For Sale and Have Sold In A Down Market At:
Feel free to call me anytime with your questions and I will be glad to assist you with your search.
Licensed Full Time Agent
Co-ops And Home Sales Are My Specialty
Weichert Realtors, H.P Greenfield
If you have additional questions you can direct them to me
My Direct # 347-813-1290.
Here is my website http://fajardodelacruz.realtors.officelive.com
or my e-mail email@example.com
Hope to hear from you soon.
In order to prepare first you should have yourself pre-qualified by a mortgage banker to see how much you can borrow, what type of interest rate you will receive based on your qualifications and how much that loan will costs you every month. Keep in mind that aside from the down payment, you will also incur closing costs associated with the purchase that typically would be about 6% of the loan amount.
You will also want to view your credit report to make sure there are no mistakes or blemishes. Most co-ops have very strict guidelines regarding credit and they analyze your qualifications with a fine tooth comb. With a 760 FICO score as you indicated your credit should be fine.
Many co-ops require a 20% down payment so be prepared for that. In addition, when you go for your loan, aside from you qualifying for the loan, the bank will also review the co-ops financials to make sure they are solvent. If they are not the bank will not approve the loan. It is for this reason that your lawyer will want to review the co-ops financials prior to you actually signing a contract of sale.
As stated in previous answers, some co-ops do not allow pets or sublet. If this is a concern to you, make sure you check into it before viewing a specific co-op.
I would also suggest you contact a real estate agents who can help you locate the perfect co-op that would meet all of your needs. You can contact myself or any other agent who answers your question. Usually the seller pays us our fee so it costs you nothing to have a professional help you!
Madison Estates & Properties, Inc.
Office: (718) 645-1665
David and I have alot of experience selling and marketing co-ops. Please check out our website, and give us an idea of what neighborhoods of Brooklyn you are looking in, how many bedrooms, and your down payment and price range. Consider that maintenance costs vary, even when you compare two very similar units in the same building, Depending on the building, some Boards have strict requirements and financial approvals. Not all Boards allow for subletting and pets, so that's something to keep in mind too.
Give us a call at 917-593-4068 and we look forward to helping you in your search!
Bonnie & David