The Financial Pros and Cons of Living in a…
 The Financial Pros and Cons of Living in a Co-Op Property There’s a stark difference when you buy a co-op property versus a traditional condo or home. When you buy a co-op property, you don’t own the property outright. Instead, you own shares of a corporation that give you the right to live in the home. The corporations that own co-op buildings or communities are typically not-for-profit. The principal financial advantage of co-op properties is that they come with a lower sticker price. However, there is a caveat to the lower price. It’s much more challenging to get a mortgage for a co-op property, so sometimes, the only option is to buy with cash. Most people don’t have the money to pay for a property outright, but they don’t have to pay interest or PMI if they do. On a positive note, co-ops have more financial stability, unlike some homeowners associations that manage other residential communities. We are sorry to see you go. Please click here to unsubscribe. 6125 Luther Ln, Dallas, TX 75225
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