If you're shopping for a home in New York City, you've probably come across both condos and co-ops. On the surface they look similar — but the differences run deep, and choosing the wrong one can cost you time, money, and serious stress.

In this episode, Jason Matthews breaks down exactly how each ownership structure works, what buyers need to watch out for, and five essential tips before you sign anything.

What you'll learn:

• The key difference between owning a condo and owning co-op shares
• What a proprietary lease is and why it matters
• How board approval affects your purchase
• What to look for in a building's financials
• How to think about your exit strategy before you buy

Whether you're a first time buyer or exploring your options in today's NYC market, this episode gives you the insider knowledge you need to make a confident decision.

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Have a question about buying in today's market? Drop it in the comments below.