Making an Offer in the Current Market
Various reports showed New York City’s real estate market continued to slow in the third quarter. Co-op and condo prices fell, while unit sales were weaker, and inventory increased, according…
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Co-op
112 posts
How Long Does It Take to Buy an Apartment?
Those who have never purchased a New York City apartment tend to underestimate how long it takes to buy a condo or co-op apartment. From finding a reputable buyer’s agent,…
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When a Co-op Board Asks for Guarantor
A co-op board does not have to outright reject your application. If they have a concern about your financials (e.g. short job history, insufficient earnings, etc.), the board may provide…
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Buying a Condo vs. Co-op in New York City
Most people who already live in New York City have a relatively firm understanding of the real estate market and how it differs from other cities. Particularly true in regards…
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Know What Co-op Boards are Looking for in Applicants
New York City’s co-op boards are notoriously fickle. They can reject you for virtually any reason, providing it does not break any laws. Notably, the board cannot deny your application…
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Home Appraisal Process: Everything You Should Know
If you’re looking to refinance a mortgage or buy a home through a loan, the lender will need what’s called an appraisal on the home. This is an objective assessment…
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Shareholder Meetings And Board Meetings
Co-op apartments operate like their own corporation, leaving its residents to govern and rule the business. A co-op, or cooperative, is a shared multi-unit apartment building where each resident has…
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Understanding How Co-Op Shares Work
So you just bought a beautiful apartment in a co-op, and you’re learning that under local law 11 all the balconies need to be replaced. But your unit doesn’t have…
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10 Questions to Ask at Your Annual Shareholders Meeting
Once a year, there’s a special meeting for every co-op building: the annual shareholder’s meeting. A quorum of the shareholders must gather to discuss the ongoings of the building. Residents…
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