First time home buyer question.

Get the broker involved. It's another voice to tell the owner he needs to have it in working order or to give a monetary credit in the contract.

A rookie's mistake. First time homebuyer and you picked a coop???? If I were you I would do condo or house and I would get a broker to represent me (it is a free service for a buyer). In any case, buying a coop means buying shares in a corporation, not actual property. Which leads me to your question if you should raise the issue of replacing the bathroom and kitchen drain pipes now.

If I were you, I would definitely raise the issue now. DO NOT FORGET THAT FOR ANY WORK IN YOUR APARTMENT THE COOP BOARD WILL HAVE TO APPROVE THE WORK. How do you know that the board will approve REPLACEMENT OF BATHROOM AND KITCHEN DRAIN PIPES? And if the board approves, do you know how long it will take? Min. 6 months.

You will be new in the building and you will try to do this kind of work? This means noise, worker traffic in/out of the building, dust, dirt, etc. None of your fellow shareholders will be eager to approve your work.

Either raise the issue now or walk away. Buy some real property.

Youre an idiot, John. OP could have negotiated himself a lower price with the savings, and OP can buy more apartment for a fixed spending level with a coop.

read the OP question, then read my reply and then sit back and think who is the idiot.....you are not really good in reading or your comprehension skills are really low....

Wow really?
I KNOW the board will approve replacement of bathroom and kitchen drain pipes.
The neighbors and board members will prefer working drains to clogged ones that might flood their apartments.
Just like a condo would. Rules are good thing. you'll appreciate when your neighbors need work done.

Paulson you should be asking your lawyer how to handle it.
If the contract says "as is" condition which it likely does, its a judgement call on whether you want to bring it up early or after your in contract.
A good buyer's lawyer will at least try to have a provision for substantial repairs to be corrected, either by doing the work or more likely a monetary cap for repairs.

And have no fear about first time home buying a co-op. Best investment decision I've made in 10 years.

One never knows what the future will hold. But when the downturn comes although it may take awhile, co-ops will not allow renting which some people resort to in hard times.

I think I responded appropriately, johnny boy. I didnt address the repair part, but replacing a drain pipe is not a big deal, co-op or not.

Streetsmart that's kind of a blanket aspersion.
Some do.
Some require you live at least 2 years in the apartment. Some require you cant lease for more than 2 years in a row.
And for those few who hit rough times that are so affected by a "downturn" that half to rent out their home probably wouldnt make it past an asset screening in a "stiff" co-op anyway.

Its like not investing in the stock market for the last 5 years because "another crash is coming." Well corrections are guaranteed every 10 to 20 years. Cant live 10 years of fear for the poor 2/3 years.

edit
cant believe I wrote "half to" rent out. Obviously meant "have to"

Paul/;

1. in the wall plumbing such as drain piping should be the Coop's financial responsibility
2. raising such petty issues could cost you your contract

3. no broker, no piece