are there rentals in South Park Slope that is a rental in a condo or coop with option to buy?

Asked by Dana, New York, NY Mon Dec 13, 2010

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Anna M Brocco’s answer
Anna M Brocco, Agent, Williston Park, NY
Mon Dec 13, 2010
Keep in mind that when it comes to co-ops, finding a lease with the option to buy could prove to be a long shot--board approval is necessary for renting and many complexes don't allow rentals, or only allow a certain percentage of units within the complex, boards have their own financial requirements that need to be met, each complex is different, etc.; have you visited with any qualified loan officer yet--if not, consider the idea, maybe you can qualify to buy outright--also consider working with any local agent. Since renting with the option to buy could be risky, do consult with an attorney who specializes in real estate beforehand and inform yourself well.
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