When a Co-op Board Ask for Guarantor
A co-op board does not have to reject your application outright. If they have a concern about your financials (e.g., short job history, insufficient earnings, etc.), the board may provide…
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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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Shareholder Meetings And Board Meetings
Co-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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How To Pass Your Co-Op Board Interview
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 NYC doesn’t differ much from one building type to another. Except if the property is in a co-op building. After the contract…
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Buying an Old Condo or Co-op?
You may love the history and architectural details in an older co-op or condo building, and feel newer buildings do not have the same features. These nuances might include parquet…
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The Master Building Insurance Policy
Having insurance is vital for every homeowner, but a surprising number of people don’t understand what their insurance covers. Or, more specifically, what is covered by apartment insurance and what…
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Post Closing Liquidity Requirements
Buying a New York City co-op or condo requires a substantial amount of money. However, it is not enough to save up cash for the down payment and closing. You…
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