Buying a cooperative home is a great alternative to an apartment, but there are some basic requirements you should know before you buy.
Cooperative housing differs from other forms of housing in Denmark in that the cooperative housing association owns and runs the property. When you buy a cooperative home, you buy a share in the value of the association with an associated housing right.
Our guide to buying a housing cooperative helps you understand the how, what and why of purchasing a cooperative home.
Cooperative housing is a more complex form of housing than a condominium or a villa. You get a home, but you also get a financial community with other people in the cooperative housing association.
When you buy a cooperative home, you should be aware that there are bylaws for the cooperative housing association that regulate the community. For example, there may be a ban on having pets, you may be allowed to buy the share as a parental purchase or other rules that you need to be aware of before you sign the purchase agreement.
The cooperative housing association has taken out some loans, which you are liable for together with the other owners. Therefore, before you buy a cooperative home, you must have read and understood the statutes of the cooperative housing association.
The housing cooperative must prepare accounts. The accounts must also be reviewed. It doesn't matter to you what kind of debts are included in the association. And it's also important to know what common expenses you have to pay in the cooperative.
Help with house buying is on your side when you're buying a cooperative home. My advice is impartial and based on your needs and wishes. I analyze the accounts and statutes of the cooperative housing association and I scrutinize the property's documents with a fine-tooth comb.
I then explain the points to be aware of regarding the cooperative housing association and the property you are buying. You get clarity about the finances and rules of the housing cooperative before you are bound by the deal.
I advise cooperative buyers throughout Denmark and I'm available throughout the entire transaction. You can always get personal advice if you are in doubt about anything.
It has been a good, safe experience with close contact throughout. Thorough review of all papers, so we have not been in doubt about anything.
Whether you're Danish or buying a home from abroad, I highly recommend Hjælp til huskøb if you want a professional, reliable and genuinely helpful advisor.
Nicolai helped with our first home purchase, he made everything super easy and explain all documents and every transaction regarding the purchase, extremely helpful and fast.
Great service for expats in Denmark!
We would definitely choose to work with Hjælp til huskøb again!
I can’t recommend Nicolai enough for anyone thinking about buying property in Denmark. My husband and I have been through the property-buying process here before, so we know how much the experience can vary—and Nicolai truly stands out.
Definately recommend.
Kind, thoughtful, and professional. We strongly recommend Nicolai to anyone who's searching for property purchases in Denmark, especially for the internationals.
Very nice experience which led to a smooth process.
Very helpful and all meetings and informations are explained in a way that is easy to understand even if you have not experienced this before.
Thank you for the great cooperation!
Nicolai has been very helpful during our house purchase process. He is professional with the lowest charge as far as I know. He replies request quickly and he understands the difficulties that we encounter to buy a house as a foreigner. 5-star recommendation from us.
Nicolai is professional and patient and he speaks very good English.
Buying a house in Denmark as a foreigner, there are many facts that are obvious to Danes but totally unfamiliar to me. Thanks a lot for totally Nicolai's patient explainations.
When buying a cooperative property, there are aspects of the property and the association that the real estate agent is not allowed to advise you on, but only inform you about. It's good to have your own advisor who knows what these issues can mean for you as a buyer.
When buying a cooperative property, this is most often the case:
When I go through the association and cooperative documents and the purchase agreement with you, you'll get an overview of the legal consequences of buying a cooperative home.
To get the best advice, it's a good idea to involve your buyer's advisor as early as possible in the home buying process. Home buying assistance helps you make a deal that meets your interests. It is often of great importance for your cooperative home purchase that the deal is concluded on the right terms and that your interests are taken into account when the agreement is made.
Contact me today for a chat about what I can help you with. It's FREE and without obligation.
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