A co-op, or cooperative housing, is a type of residential housing where buyers purchase shares in a corporation that owns the building. Instead of owning their apartment unit outright, residents are shareholders in the corporation that owns the property. This article explains some of the similarities and differences to condo, townhomes, and houses, as well as highlighting some of the special aspects of co-op from a real estate perspective.
Jennifer Suemnicht, Broker/Realtor of Jen Sue Homes is licensed at Compass with offices in Seattle, Tacoma, Kirkland, & Bellevue, Washington. Jen’s mission is to provide friendly, professional service with honesty and integrity, achieving positive results, and creating relationships that last because of impeccable service. Whether you are buying your first or tenth home, selling, investing, or just looking for information… contact Jen today!
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