what is the difference
2006-11-03 12:51:23 · 3 answers · asked by hersheybar99 1 in Business & Finance ➔ Renting & Real Estate
A co-op (co-operative project) is a residential or mixed-use building wherein a corporation or trust holds title to the property and sells shares of stock representing the value of a single apartment unit to individuals who, in turn, receive a proprietary lease as evidence of title.
A condominium is a real estate project in which each unit owner has title to a unit in a building, an undivided interest in the common areas of the project, and sometimes the exclusive use of certain limited common areas.
I have my condo for sale in Dallas if anyone is interested. It has been updated and looks nice.
2006-11-03 18:20:06 · answer #1 · answered by Cheeky Realtor 3 · 0⤊ 0⤋
Any real estate is a long term investment now. It will take some years to make good money, if you buy now (maybe not 10 years, but 5 to 7 years... nobody knows for sure.) Just look at the trends in your area. Check the prices on condos and co-ops 10 years ago and compare them with prices when the market was at its peak. Calculate how much they went up (percentage wise) and make your decision. Since you are prepared to keep the place for some years, you'll be fine.
2016-05-21 22:01:49 · answer #2 · answered by Teresa 4 · 0⤊ 0⤋
A condo you own everything including the walls of your place. Co-op you own stock in the complex.
2006-11-04 09:24:34 · answer #3 · answered by strtat2 5 · 0⤊ 0⤋