Archive for December, 2011

Planned unit developments (PUDs) typically are detached homes with small yards or patios. Sometimes only a few feet separate the homes. Though privacy is at a premium, their biggest selling feature is their competitive pricing. Simply put, the...

December 22, 2011 | In: Co-op

How a Co-op Is Financed?

Financing a co-op can pose special financial challenges. Some boards require a 30 to 50 percent down payment and allow financing for the balance, while others don’t. Every board is different and the practices differ depending on the area. For...

December 18, 2011 | In: House

How a Co-op Board Works Part (2)

One caveat is that, in some areas, the seller of a co-op doesn’t have to provide a disclosure form detailing the condition of the unit. That’s because the seller is selling stock, not real estate, so disclosure rules don’t apply. This presents a...

December is coming and we are going to celebrate Christmas. Let’s prepare to celebrate Christmas. What should we do to welcome Christmas? It is like to welcome Jesus Christ, savior of world. Let’s re decorate your house to welcome the born of...

December 16, 2011 | In: Co-op

Tips and Traps for Buying a Co-op

Much of the advice that goes with purchasing a condo also applies to buying a co-op, but there are some other key points to keep in mind as well. 1. Ask co-op members and supers which agents are most active in selling the co-op you’re interested in....

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