What you need for the co-op board approval process in New York City

Co-ops can be a great first step into ownership because of the price points, but I'm in NYC co-op purchases, buyers must be approved by the building's co-op board. Submit a board package, which typically includes financial documents, letters of recommendation, and a personal statement. The board will review your application and may conduct an interview.

If your approved you can sign contracts, if you didn't already and get ready to close

If you are denied they don't have to give reason, but if asked they usually give a generic response

The only way around the board approval process is if your buying a sponsor unit which is rare to come up for sale and when it does usually it's gone pretty quickly

Comment below or DM me if need clarification or you need help to find a place

Derek Pretlow III with exp Really
929-277-7752/derek.pretlow@exprealty.com

Follow: @derekpretlowiii for more real estate tips

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