How to Buy a Co-Op in Washington DC
If you’re looking in DC, most of the for sale apartments are going to be condos. They changed the laws back in the late 1970’s. So anything built after that or was converted to “for sale” after that, is condominium.
Most banks actually in DC are not going to lend on a building if it’s a co-op versus a condo, they are going to lend on a condo.
But there’s some classic buildings that are co-ops, like the Watergate, or some historic buildings on Connecticut Ave.
Matt Cheney
Washington Fine Properties
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In those cases, if you really want to live in one of those properties, then a co-op makes sense, and I know the lenders who will lend there too.