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Rainmaker
2,934,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It has nothing to do with better, it has to do with what type of property is available for purchase. Many cities don't have cooperatives. And if you can't pass a coop board and provide serious financials to them, you probably don't want a coop.

I grew up in NYC and always owned a coop there and I like that form of ownership because I know my neighbors are totally vetted for financial solidity versus a condo. But that's me...

Apr 01, 2017 09:05 AM
Rainmaker
525,199
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Condo only for me.

I put co-op's at the bottom just above time shares.  There is a reason that they are cheaper than condo's.

Eve

Apr 01, 2017 09:14 AM
Rainmaker
719,076
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

There is no question for me - would never own a co-op again! Look up the legal differences and figure out why. Co-ops are a lot riskier.

Apr 01, 2017 09:08 AM
Rainmaker
976,437
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

There are both good and bad cooperatives and condominiums. Like anything else knowing what you're purchasing is the key and whether it's a good fit for you. 

Apr 01, 2017 09:20 AM
Rainmaker
5,218,250
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

They are different forms of ownership. It is not a matter of being better.

Apr 01, 2017 09:02 AM
Rainmaker
1,364,017
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Corey Christiansen Both have advantages and disadvantages. It also may depend on where you live. In my County there are no co-ops. The bigger issue is know what you are buying. Do you want shares in a corporation or ownership in a unit.

Apr 01, 2017 10:01 AM
Ambassador
1,613,401
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

They are merely different forms of ownership.

Some people prefer condos, and some prefer co-ops.  It all depends on what you're looking for.

Apr 01, 2017 09:49 AM
Rainmaker
4,273,199
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Corey,

Nina Hollander gave you a great answer, and it is a matter of preference.  A

Apr 01, 2017 10:35 AM
Rainmaker
2,413,648
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

if one has to make it work...both are doable

Apr 01, 2017 10:31 AM
Ambassador
1,596,313
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No coops around here so condo wins.

Apr 01, 2017 10:17 AM
Ambassador
3,895,715
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

What's better depends on the buyer and the situation since they are different entities

Apr 01, 2017 10:05 AM
Rainmaker
2,753,927
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Condominium for me personally.  Others have reasons for a coop preference as Nina Hollander mentions in her comment. 

Apr 01, 2017 10:02 AM
Rainmaker
1,037,009
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I am really confused lately I keep seeing very old questions sometimes anyone know why? Hope you found your answer but I doubt anyone will see my answer since the question is so old

Mar 14, 2018 06:44 PM
Rainmaker
4,796,309
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I prefer a condo.

Apr 02, 2017 05:50 AM
Rainmaker
3,048,838
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

A co-mission! 

Apr 02, 2017 05:48 AM
Ambassador
4,297,830
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Corey Christiansen - for me? None!

For buyers? They decide what is good for them - and I am with them.

Apr 01, 2017 09:36 PM
Ambassador
2,341,039
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Neither.

Apr 01, 2017 08:29 PM
Rainmaker
3,975,108
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Idon't either

Apr 01, 2017 07:53 PM
Ambassador
3,023,931
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

We don't have very many co-ops in Washington State so I would say Condominiums...

Apr 01, 2017 07:09 PM
Ambassador
4,004,541
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Both suck, but only one of them involves owning real estate.

Apr 01, 2017 06:37 PM
Rainmaker
903,576
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

CONDO

Apr 01, 2017 05:31 PM
Rainmaker
994,204
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Both

Apr 01, 2017 03:28 PM
Rainmaker
2,923,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

We do not really have any true co-ops here in NH and I sure love condos

Apr 01, 2017 03:07 PM
Ambassador
3,981,808
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

They are similar in many ways but different. I live in neither so don't have a personal choice.

Apr 01, 2017 02:47 PM
Rainmaker
993,970
Corinne Guest
Corinne Guest, Realtor | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

To do what with, knit yarn or own, some of these questions are not grammatically correct. Write a real sentence please.

Apr 01, 2017 02:43 PM
Rainmaker
4,829,757
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

we only have condominiums in my marketplace.... co-ops in Boston.... I'm in "cow country"....

Apr 01, 2017 02:17 PM
Rainmaker
3,129,585
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Depends on your preferences and availablity of a co-op. Co-op can exercise much more control. Condominium most likely easier to sell!

Apr 01, 2017 12:53 PM
Ambassador
3,147,343
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

They are very different - to each his own!

Apr 01, 2017 12:47 PM
Rainmaker
377,641
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We don't deal with co-ops in our market, but do condominiums. I would have to be educated on co-ops before dealing with these.

Apr 01, 2017 12:42 PM
Rainmaker
1,471,205
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Better for what? They both offer certain cons and pros of ownership and it is up to the potential buyer to decide what is better suits his/her needs and budget. 

Apr 01, 2017 12:22 PM
Rainmaker
1,511,608
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

This depends on too many factors, most subjective, some based on cost. What does your teacher say?

Apr 01, 2017 11:51 AM
Rainmaker
3,751,098
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

There are different forms of ownership. It all depends on what you're looking for, some like condos, and some prefer co-ops. No good or bad, right or wrong.

Apr 01, 2017 11:44 AM
Rainmaker
291,449
Jack Lewitz
IL Real Estate Specialists - Evanston, IL

I just showed a coop and explained these differences . Coop financing can be limited to a few lenders . Larger down payment requirements for coop

Higher assessments due to property taxes rolled into HOA .

Appreciation less for coop. Owner occupancy requirement 

 

Apr 01, 2017 11:34 AM
Rainmaker
1,157,254
FN LN
Toronto, ON

It depends on the goals and objectives of each individual.

Apr 01, 2017 11:20 AM
Rainmaker
757,826
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I dont think we have co-ops here except for in the form of local grocery markets. -Kasey

Apr 01, 2017 11:09 AM
Rainmaker
975,608
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

depending on dues, CC&R and appreciation rates in your area.

Apr 01, 2017 10:12 AM
Rainmaker
143,956
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

The only co-ops that I've seen in our area are for mobile home parks. I've not sold a co-op before, only condos.

Apr 01, 2017 09:50 AM
Rainmaker
4,431,500
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends

Apr 02, 2017 07:31 PM
Rainmaker
555,450
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

That's an interesting question that I will ponder for a while.

Apr 02, 2017 07:17 AM
Ambassador
1,613,268
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

buyers choice

Apr 02, 2017 07:04 AM
Rainmaker
3,211,859
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It is not a question of better but of personal choice as well as what may be available in a particular location.   

Apr 02, 2017 06:06 AM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I prefer SFRs.

Apr 01, 2017 07:32 PM