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Buyer advice when buying a "andelsbolig" (Cooperative home)

Buying an andelsbolig is a good alternative to an owner-occupied apartment, but there are some basic prerequisites that you should know before making a purchase.

Andelsboliger differs from the other forms of housing we have in Denmark in that it is the andelsboligforening (Cooperative housing association) that owns and operates the property. When you buy an andelsbolig, you buy a share in the association's value with an associated housing right.

This means that andelsboliger is a more complex form of housing than an owner-occupied flat or a villa. You get a home, but you are also financial connected with the other members of the andelsboligforening (cooperative housing association).

When you buy an andelsbolig, you must be aware that there are some statutes for the cooperative housing association that regulate the community. For example, there may be a ban on having pets, it may be permitted to buy the share as a parent purchase or other rules that you must be aware of before you sign the purchase agreement.

The andelsboligforening (cooperative housing association) has taken out some loans for which you are liable together with the other cooperative owners. Before you buy a co-operative home, you must therefore review the articles of association for the co-operative housing association.

The andelsboligforening (cooperative housing association) must prepare an annual account. The annual account must also be reviewed before you complete the purchase. After all, it is not important for you what kind of debt the association has. And it is also important to know which common expenses you have to pay to the andelsboligforening (cooperative housing association).

Help for buying a house is on your side when you need to buy an andelsbolig. My advice is impartial and based on your needs and wishes. I analyze both annual accounts and articles of association for the andelsboligforening (cooperative housing association) and I scrutinize the housing's documents with a close comb.

After this, I explain which points of attention there are at the andelsboligforening (cooperative housing association) and at the home you are about to buy. You get clarity about the finances and the rules of the cooperative housing association before you are bound by the deal.

I advise andelsbolig (co-operative housing) buyers throughout Denmark and I am available throughout the transaction. You can always get personal advice if you have any doubts.

I am ready by the phone from 9.00 - 21.00 every day.

Baggrundsbillede af nogle andelsboliger

Buyer advice when buying an andelsbolig (cooperative home)

  • Free review of the purchase agreement before signing.

  • Analysis of the cooperative housing association

  • Review of the purchase agreement

  • Review of the home's documents

  • Legal guidance on the purchase agreement and on the cooperative housing association

  • Detailed meeting minutes are forwarded

  • Preparation of letter of approval for the seller's estate agent

  • Checking deadlines in the agreement

  • Online meeting where you get dressed to understand what you are buying​

  • Your personal hotline answers every day from 9.00 - 21.00 

Why use a buyer's agent?

As a buyer of a cooperative home, you are usually on your own two feet until a purchase agreement is signed.

However, it is a very good idea to get hold of a buyer agent, who can be your sparring partner and advisor throughout the transaction. It can be a really good idea to find a buyer's adviser with experience as a real estate agent. As a former real estate agent, I have oneoverview of the entire purchase process and I can advise you from start to finish when you have to buy a cooperative home.

The earlier you get buyer advice the better

​In order to get the best advice, it is a really good idea to involve your buyer's adviser as early as possible in the cooperative housing purchase. Hjælp til huskøb helps to conclude a deal that meets your interests. It is often of great importance to your purchase of cooperative housing that the deal is concluded on the right terms and that your interests are taken into account when the agreement is to be concluded.

When buying a cooperative home, there are conditions regarding the home and the association, which the estate agent may not advise you on, but only inform you about. Then it is good to have your own adviser, who knows what importance these matters can have for you as a buyer.

When buying a cooperative home, it is usually about:

  • Registered statutes for the co-operative housing association

  • Accounting for the cooperative housing association

  • The pricing of the cooperative housing

  • The pricing of accompanying fixtures and improvements carried out in the home

  • Liability for hidden faults and defects in the home

  • Liability towards the co-operative housing association's debt to 3 people

When I review the association and the co-operative housing documents and the purchase agreement with you, you will get an overview of the legal consequences the co-operative housing purchase has for you.

Contact Hjælp til huskøb today for a non-binding conversation about how we can safely help you with your purchase of an andelsbolig (cooperative home).

We only have happy customers

Baggrundsbillede der viser nogle terrasser

Buyer advice when buying an andelsbolig (cooperative home)

  • Free review of the purchase agreement before signing.

  • Analysis of the cooperative housing association

  • Review of the purchase agreement

  • Review of the home's documents

  • Legal guidance on the purchase agreement and on the cooperative housing association

  • Detailed meeting minutes are forwarded

  • Preparation of letter of approval for the seller's estate agent

  • Checking deadlines in the agreement

  • Online meeting where you get dressed to understand what you are buying​

  • Your personal hotline answers every day from 9.00 - 21.00 

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