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MeeshkaMich
LL=Yum
Member since 2/06 5616 total posts
Name:
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co-ops
what is average down payment nowadays?
10%?
20%?
Are studio co-ops a bad idea to buy, because theyre harder to sell later on>?
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Posted 11/11/07 7:25 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MrsKelly
just hangin' around...
Member since 11/06 6305 total posts
Name:
Krista
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Re: co-ops
we are trying to sell ours, and it seems on average, people put down 10%. if you can afford a one bedroom as opposed to a studio, i'd go for that. i think a studio would be hard to sell down the line.
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| Posted 11/11/07 7:27 PM |
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luckystars3
2015
Member since 11/07 2378 total posts
Name:
Julie
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Re: co-ops
We had a co-op for 2 years... We put down 10%. We didnt have any problems selling ours. I put it on craigs list and sold it right away.
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| Posted 11/11/07 7:56 PM |
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summerBaby10
let's be nice
Member since 9/07 10208 total posts
Name:
Wifey
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Re: co-ops
all of the co-ops where we were looking in queens required 20% down
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| Posted 11/11/07 8:23 PM |
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Carolyn
.....
Member since 5/07 5351 total posts
Name:
Twin mommy
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Re: co-ops
We bought in Rockville Centre 7 years ago...we put 10% down. We wound up doubling our money in 3 years.
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| Posted 11/11/07 8:46 PM |
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dandj
Love of my life....
Member since 5/05 3687 total posts
Name:
Denise
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Re: co-ops
We had to put 20% down to buy our coop in Queens.
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| Posted 11/11/07 9:08 PM |
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Kristin616
Member since 8/06 3595 total posts
Name:
Kris
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Re: co-ops
Our co-op requires you to put 20% down.
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| Posted 11/11/07 10:15 PM |
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luckysmom
Yes it is! Going as planned:)
Member since 6/07 5339 total posts
Name:
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Re: co-ops
It usually depends on what the board requires. We looked at co-ops right before we got married and did not have much money and they were going to allow us to put 5% down. Needles to say we talked about it and decided to rent. Then move outta state within a few years depending on where DH is with his job. But most co-ops do require 10-15%
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| Posted 11/12/07 1:26 PM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: co-ops
It all depends on the co-op board. Ours required 20% down which stunk. I think this is one reason it took us a bit longer to sell.
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| Posted 11/12/07 3:17 PM |
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