How to Avoid Co-op Board Drama When Selling in NYC
Trying to sell an NYC co-op tends to come with a few unique pitfalls and unexpected moments of drama. The unique ownership structure of cooperatives, whereby each resident is a…
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Want to Ace Your Co-op Board Application in NYC?
Exactly To, after going through lord-knows how many open-houses you’ve finally found a co-op apartment that makes you happy. After a bit of negotiating, you’ve got an accepted offer and…
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When a Co-op Board Ask for Guarantor
nyA co-op board does not have to reject your application outright. If any concern about your financials (e.g., short job history, insufficient earnings, etc.), the board may provide you a…
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Condo vs. Co-op in New York City
Most people who live in New York City have a relatively firm understanding of the real estate market and nuances. Particularly true in regards to the trade-offs between condo vs.…
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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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Difference Between Shareholder Meetings and Co-op Board Meetings
boardCo-op apartments operate like their corporation, leaving its residents to govern and rule the business. A co-op, also known as cooperative, is a shared multi-unit apartment building where each resident…
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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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Questions to Ask at Your Annual Co-op 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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NYC Co-op Board Interview Questions and Answers
Buying an apartment is an exciting time. You’ve found a beautiful co-op in your dream neighborhood of New York City. You may be thinking a mortgage broker approving your loan…
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How to Choose a Buyer Your Co-op Will Approve
The process for selling residential real estate in New York City doesn’t differ much from one building type to another. Except if the property is in a co-op building. After…
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