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06.15.08, 19:44 PM General Topics
7 replies
any idea how long it takes to close on a co-op in nyc after buyer accepted our offer??? [ Reply | Watch | Flag ]
General Topics 06.15.08, 07:44 PM Flag
 

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if you need board approval, can be six weeks or longer [ Reply | More ]
General Topics 06.15.08, 07:45 PM Flag
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depends on board. Most only meet monthly so if you miss the cutoff you can wait for an interview. 3 months is common [ Reply | More ]
General Topics 06.15.08, 07:46 PM Flag
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best case 3 mos. if they get a mortgage approval right away, complete the board package right away, and the board meets right away. But especailly since it is summer, they might not get before the board until fall. [ Reply | More ]
General Topics 06.15.08, 07:46 PM Flag
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shortest i have *ever* heard is 2 months [ Reply | More ]
General Topics 06.15.08, 07:47 PM Flag
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this time of year, not before September. most co-op boards (including mine) do not schedule meetings over the summer and honestly, there is no way we could get a quorum together during the summer. in absolute emergencies, we've had to have one or two people call into a conference call, but a sale wouldn't rate that treatment. [ Reply | More ]
General Topics 06.15.08, 07:48 PM Flag
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ours is like this too. Everyone is gone during the summer [ Reply | More ]
General Topics 06.15.08, 08:20 PM Flag
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and none of us are here at the same time. usually 2 or 3 of us are around, at least during the week, but not enough to do real business. [ Reply | More ]
General Topics 06.15.08, 08:23 PM Flag
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