Keep in mind that co-ops are very common in NY, there are a more limited number in NJ, CT, DC, and a very few other places, so if you are reading Trulia, there is more information about condos. Many people do not like the idea of the board interview. if you work with an agent who knows the particular board, and a loan officer who knows the best place for you loan and what will work for you, then you will be fine in a co-op in your price range. There are a lot of parts to purchasing a co-op, and time is running out if you want to make sure that you close before June 30th. The process for a co-op often takes longer because of the board interview portion.