Results near Columbus, Ohio ·
Open links in new tab
  1. Realtor.com
    https://www.realtor.com/advice/buy/the-basics-of-co-op-housing

    What Is a Co-Op? The Basics of Cooperative Housing - realtor.com

    • A “housing cooperative” (or “co-op”) is the legal term for a housing unit that is owned and controlled jointly by a group of individuals who have equal shares, membership, and/or occupancy rights to the hou… See more

    Types of Co-Ops

    There are three basic types of co-op structures: 1. Market-rate co-ops are treated like most standard residential properties, where owners are allowed to sell their sh… See more

    Realtor.com
    What Does A Co-Op Look like?

    Co-ops are mainly located in major cities, but they come in a variety of types and sizes: 1. … See more

    Realtor.com
    Financing A Co-Op

    If you need to take out a mortgage to purchase housing in a co-op, the loan you receive will not actually be a mortgage. It will be a loan to purchase shares. In practice, it i… See more

    Realtor.com
    Advantages of Co-Op Living

    The main advantage of a co-op is affordability, as it is usually cheaper than a condo. Some people want to build equity in a home but have no interest in taking on the respon… See more

    Realtor.com
    Feedback
    Table of Contents
    Types of Co-Ops
    What Does A Co-Op Look like?
    Financing A Co-Op
    Advantages of Co-Op Living
     
  1. Cooperative housing
    • According to 2 sources
    Cooperative housing, commonly known as a co-op, is a popular housing model you’ll find in major cities like New York City. Tenants or members collectively own and share responsibility for an entire building or property. When you buy into a co-op, you’re not purchasing a piece of property or unit in a building.

    What Is A Co-Op And How …

    rocketmortgage.com
    Short for cooperative housing, most co-ops look just like apartment buildings, but instead of buyers owning their unit, they own shares in the whole complex. Co-op home owners buy stock in the housing complex—and the ownership of that stock comes with a proprietary lease to their home.

    What Is a Co-op? A Home Y…

    realtor.com
  2. People also ask
    What is a co-op in real estate?
    A co-op, also known as a cooperative, is a different form of homeownership that’s popular in bigger metropolitan areas like New York City. With a co-op, unlike buying a single-family residence where you own the entire property, you own shares of stock in a cooperative corporation that you can later sell.

    What Is a Co-Op and How Do They Work? - The Mortgage Reports

    themortgagereports.com
    What do you need to know about living in a co-op?
    Here's what you need to know about living in a co-op. What Is a Housing Co-Op? A housing cooperative, or co-op, is a building or community that is owned and controlled by a group of individuals who have equal membership in the group.

    The Guide to Buying and Living in a Co-Op - U.S. News Real Estate

    realestate.usnews.com
    What is a housing co-op?
    A “housing cooperative” (or “co-op”) is the legal term for a housing unit that is owned and controlled jointly by a group of individuals who have equal shares, membership, and/or occupancy rights to the housing. A co-op is essentially a nonprofit corporation, complete with a board of directors, and each resident is a shareholder.

    What Is a Co-Op? The Basics of Cooperative Housing - realtor.com

    realtor.com
    Is co-op housing the same as condo living?
    In some ways, co-op housing operates similarly to condo living. But at the same time, it’s worth noting they are not the same. Let’s take a closer look at this alternative homeownership model and explore what a co-op is. Cooperative housing, commonly known as a co-op, is a popular housing model you’ll find in major cities like New York City.

    What Is A Co-Op And How Do They Work? - Rocket Mortgage

    rocketmortgage.com
    What is co-op housing in New York?
    For some homebuyers, particularly in New York and parts of the Midwest, cooperative living is a way of life. A “housing cooperative” (or “co-op”) is the legal term for a housing unit that is owned and controlled jointly by a group of individuals who have equal shares, membership, and/or occupancy rights to the housing.

    What Is a Co-Op? The Basics of Cooperative Housing - realtor.com

    realtor.com
    What is a co-op organization?
    A co-op is a nonprofit organization with shareholders and an elected board of directors and may have committees or hire professionals to keep the co-op running smoothly. Here’s a breakdown of the entities you can find in a co-op:

    What Is A Co-Op And How Do They Work? - Rocket Mortgage

    rocketmortgage.com
    Feedback
  3. Rocket Mortgage
    https://www.rocketmortgage.com/learn/…

    What Is A Co-Op And How Do They Work? - Rocket …

    Mar 5, 2024 · How is living in a co-op different from living in a condominium or an ordinary single-family apartment? And what does it mean to be part of a housing cooperative? These are all good questions about the mechanics of co …

  4. U.S. News Real Estate
    https://realestate.usnews.com/real-estat…

    The Guide to Buying and Living in a Co-Op - U.S. News …

    Apr 5, 2023 · Here's what you need to know about living in a co-op. What Is a Housing Co-Op? A housing cooperative, or co-op, is a building or community …

    • Occupation: Editor, Real Estate
    • Estimated Reading Time: 7 mins
  5. Investopedia
    https://www.investopedia.com/.../08/ho…

    Housing Cooperatives: a Unique Type of Home …

    Sep 29, 2024 · A co-op is a way to own a primary residence, but where homeowners don't own their units outright; instead, each resident is a shareholder in the co-op itself. Some co-op owners are...

  6. The Mortgage Reports
    https://themortgagereports.com/107195

    What Is a Co-Op and How Do They Work? - The …

    Dec 11, 2023 · A co-op, also known as a cooperative, is a different form of homeownership that’s popular in bigger metropolitan areas like New York City. With a co-op, unlike buying a single-family...

  7. Rocket Homes
    https://www.rockethomes.com/.../what-i…

    What Is A Co-Op? Pros & Cons And Types & FAQs

    Jul 11, 2023 · A co-op, or housing cooperative, is a form of real estate homeownership that allows residents of a building or group of buildings to hold ownership of the property as shareholders. Each resident holds a share in the …

  8. National Association of Housing Cooperatives
    https://coophousing.org/what-is-cooper…

    What is Cooperative Housing? - National Association …

    A Housing Cooperative is a form of homeownership collectively owned and controlled by its residents. To join a housing co-op, members purchase stock in the cooperative cooperation (which owns the land, building, and any common …

  9. Redfin
    https://www.redfin.com/blog/what-is-a …

    What Is a Co-Op and Is It the Best Choice for You?

    Oct 1, 2021 · Co-op is short for housing cooperative. It’s an alternative to home or condo ownership. It’s run like a corporation and owned and controlled by residents. The co-op owns the building, and residents own shares of the co …

  10. columbuscohousing.org
    https://www.columbuscohousing.org/w…

    Why Cohousing — Columbus Cohousing

    Cohousing cultivates a culture of sharing and caring. Design features and neighborhood size (typically 20-40 homes) promote frequent interaction and close relationships. Cohousing neighborhoods are designed for privacy as well as …

  11. Bankrate
    https://www.bankrate.com/real-estate/c…

    Co-ops Vs. Condos: What's The Difference? - Bankrate

    Jul 19, 2023 · Condo vs. co-op: What’s the difference? Both condos and co-ops are similar in that residents live in separate units with shared common areas, such as a pool, recreation center or playground.