Why Convert?
Co-ops trade at a discount.
Condos don't.
The structural disadvantages of cooperative ownership — board approval, limited financing, collective liability — translate directly into lower property values. Conversion eliminates these barriers.
The Condo Advantage
Six reasons condos outperform co-ops
Enhanced Value
Condos trade at a premium over co-ops. Buyers prefer real property ownership without board approval uncertainty.
Broader Buyer Pool
More buyers means faster sales at higher prices. Condos appeal to investors and owner-occupants alike.
No Board Approval
Condo sales close faster and more certainly. No interview process, no arbitrary rejections.
Better Financing
Fannie Mae eligibility means lower rates, higher LTVs (up to 95%), and access to home equity loans.
True Ownership
A deed to real property, not shares in a corporation. Your name on the title.
Reduced Liability
As a condo owner, you're not responsible for neighbors' defaults. Individual accountability, not collective.
No Out-of-Pocket Cost
Hutton's "Cash Free" model means
conversion at no upfront cost to you.
- No upfront conversion costs
- No payment to Hutton until conversion is complete
- No obligation to the co-op during the process
How it works
Conversion fees and closing costs are wrapped into your new combined loan. You pay only at successful conversion — a fraction of the equity gain you'll realize.
The complete list of benefits
18 reasons to convert from co-op to condo
See what conversion could mean for your building
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