Property Q&A in 49262>Question Details

Blue Edwards, Home Buyer in Grayling, MI

This property is listed as a co-op...what would that mean to a potential purchaser on things they have to?

Asked by Blue Edwards, Grayling, MI Mon Feb 2, 2009

look out for before buying?

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When you buy a co-op you are getting "stock", not a deed. You can not get a mortgage so be prepared to pay cash. Your purchase may also have to be approved by the other stockholders.
I see you are in Grayling. If you are a trout fisherman, there is a great new listing on the holy water section of the river.
0 votes Thank Flag Link Mon Feb 2, 2009
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