San Francisco Real Estate Agents

RE Agents
Buying
Selling
San Francisco Info
Contact
Our Services
Home

San Francisco Houses for Sale - San Francisco Co-ops

San Francisco Cooperatives: Most San Francisco co-ops are incorporated and a board of directors governs the complex with the owner of each individual unit having one vote. The owner has no deed, only stock and a proprietary lease which has a term from 10-50 years renewable automatically or at the discretion of the shareholders. He/she cannot refinance his unit as a condo owner can. Mortgage, property tax and maintenance fees are paid pro rata by the owner according to the percentage of the overall size of the unit. Property tax appeals involve the corporation and the stockholders. A housing cooperative is formed when people join with each other on a democratic basis to own or control the housing and/or related community facilities in which they live. Usually they do this by forming a not-for-profit cooperative corporation. Each month they simply pay an amount that covers their share of the operating expenses of their cooperative corporation. Personal income tax deductions, lower turnover rates, lower real estate tax assessments (depending on applicable California tax laws), controlled maintenance costs, and resident participation and control are some of the benefits of choosing cooperative homeownership.

Ask owners in the complex what they like and dislike about both the unit and the complex. How good is the sound proofing? End units and upper units generally sell for more when sound comes into play. How is its location in the complex? Is it near downtown San Francisco or will you have to commute? Next to an access street, parking facility, pool? Compare monthly association fees with other similar condo complexes and what amenities are included. Find out if any increases in fees or special assessments are planned. Is the condo homeowners' association in good financial condition. Before making a purchase offer, obtain the latest financial statement from the homeowners' association. Look for units that are not adversely affected by these. When buying into a cooperative in San Francisco, it is always good to ask lots of questions.

San Francisco homes for sale (introduction)
San Francisco condos

San Francisco cooperatives
San Francisco resale homes
San Francisco gated communities
San Francisco townhouses
Building a house in San Francisco
San Francisco new homes
San Francisco luxury homes
San Francisco lofts
San Francisco investment property
California bungalows
San Francisco duplexes
San Francisco triplexes
San Francisco residential real estate (attached)
San Francisco residential real estate (detached)


Copyright San Francisco Real Estate Agents
North American Real Estate Network:
See real estate agents for the city which interests you.