Why Should You Buy a Co-op in NYC?

Nick at Hauseit (https://www.hauseit.com) reveals the advantages to buying a co-op vs. a condo in NYC. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/
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For starters you’re going to get more for your money than a condo. Co-ops are less expensive. You're going to get a bigger apartment, so you'll probably be much happier if it's your primary residence.

Do not buy a co-op if you need flexibility to sublet your property or if you anticipate moving within a few years because there are subletting restrictions as well as a flip tax. A flip tax is a closing cost charged by the building.

Another advantage of a co-op is that it does have lower buyer closing costs, but to offset this co-ops usually require a higher percentage down. As we mentioned, co-ops also have higher seller closing costs compared to condos.
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Learn how it works: https://www.hauseit.com/how-it-works/

Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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