
This Ft Lauderdale residence is in a well established and well maintained co-op building
just two blocks from the beach.
Buy it fully furnished if you wish for an instant home at the beach.
Garden and Pool view are yours and the building provides Laundry
Facilities, Pool and outdoor Barbecue/Picnic area.
The kitchen in this second floor beach pad is fully equipped and nice
little extras like are included in this sale. In addition, seller will
contribute $5000 towards cabinetry at closing.
This co-op building maintains exclusivity, has some rental restrictions.
The owner will provide private financing or conventional financing can be
arranged.
What's the difference between a condo and co-op in Fort Lauderdale Real
Estate? Click here.
Email Andy to see it now or call him at
954-560-9667
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A thumbnail explanation of the difference between a Condominium and a Co-op:
Both of these terms refer to the manner of ownership of an apartment or sometimes a townhome or villa unit.
Owning a Condominium is very similar to owning other real estate. A Condominium comes with a deed and is very much like owning other types of real estate in terms of financing, taxes, etc, with the added benefit of carefree apartment living.
When you buy a Co-op, what you actually buy is a proportionate number of shares in the corporation that owns the building. The corporation in which you are a shareholder then issues you a proprietary lease entitling you to live in the unit you have purchased.
Financing, the manner in which sales are recorded, rules and other details are sometimes different for Condos than for Co-ops.
In almost all cases, Co-ops require all cash purchases..
Most do not allow financing of any sort.
Lets talk about which form of ownership is right for you.
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