Real Estate Word of the Day: Co-Op

If you’re in the market for a new home, you might have come across the term "co-op." But what exactly is a co-op, and how does it fit into the real estate landscape?


A co-op, short for cooperative, is a type of housing that differs from the more traditional condo or single-family home. When you buy into a co-op, you’re not buying a piece of real estate in the traditional sense. Instead, you’re purchasing shares in a corporation that owns the entire building or complex. These shares entitle you to live in a specific unit.

Essentially, when you live in a co-op, you’re a shareholder, not an owner in the usual sense. The cooperative corporation holds the title to the building, and you, as a shareholder, have the…

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