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I am (nervous) first time home-buyer trying to purchase a coop. After getting an accepted offer on a unit in Ditmas, I spoke to some people who live in the building and heard some disquieting stories. Not everyone was dissatisfied, but it became clear that the building had been in poor condition when it was rental units, and had been upgraded cheaply by the sponsor when converted to coops. The coop board apparently is under the thumb of the sponsor.

My budget isn’t so big, so I’m not looking at “fancy” buildings. Is this just something I should take into account in the contract and my negotiation with the sponsor (it’s a sponsor sale), or is it something I should run from?

Thanks for your input.