Is There a Board Interview When Buying a Condo in NYC?
If you're buying a condo in NYC, you may have heard that in the case of a co-op there's a pretty extensive application as well as an interview. Many buyers wonder if this similar process extends to condos.
Save 2% When Buying in NYC: https://www.hauseit.com/buyer-closing-credit/
Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Visit https://hauseit.com, send us an email to team@hauseit.com or give us a call: (888) 494-8258 to learn more. Established 2014.
Save 6% When Selling in NYC: https://www.hauseit.com/agent-assisted-fsbo/
1% Full Service Listing: https://www.hauseit.com/1-percent-full-service/
Hauseit Rental Listing Service: https://www.hauseit.com/rental-listing-service/
The good news is that in most cases you will not have to sit for an interview if you're buying a condo. That's not to say it's guaranteed that you won't have to do one, but in our experience probably 95% or more of condos do not require the applicant to sit for an interview.
The reason is that there's pretty much no point. Unlike a co-op a condo cannot just reject a prospective purchaser without any recourse or obligation to do something in exchange. A condo on the other hand can only reject a buyer if the condo actually decides to use the condo's money to actually buy the apartment at the same price you were willing to pay for it. That scenario virtually is non-existent in NYC because it just doesn't make sense for a condo building to engage in the business of buying and selling apartments. This is called the right of first refusal.
.
.
https://www.hauseit.com
Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Est 2014.
Hauseit Group LLC, Licensed Real Estate Corporation
Tel: (888) 494-8258 | https://www.hauseit.com
_
#hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitre
-
1:47:37
TimcastIRL
1 day agoBiden DROPS OUT, Endorses Kamala Harris As Democrat Nominee | Timcast IRL
68.9K257 -
1:11:50
Redacted News
2 hours agoEMERGENCY ADDRESS OVER BIDEN COUP, BARRICADES NOW UP AROUND WHITE HOUSE | Redacted w Clayton Morris
76.3K217 -
48:30
Candace Owens
10 hours agoSo…Is Joe Biden Dead? | Candace Ep 30
24.2K69 -
Adam Does Movies
2 hours agoLonglegs Wasted My Time And Money - Spoilers!
788 -
4:11:21
Fed Reacts
5 hours agoFed Reacts To FBI Testimony on Trump Assassination & Netanyahu Speech
33.1K15 -
2:01:40
Darkhorse Podcast
5 hours agoPride and Shamelessness: The 235th Evolutionary Lens with Bret Weinstein and Heather Heying
30.3K50 -
2:20:25
WeAreChange
3 hours agoSIRHAN SIRHAN 2.0: Hypnotherapist Reveals MKUltra Makings Of Would-Be Trump Assassin?!
42K8 -
LIVE
Revenge of the Cis
2 hours agoLocals Episode 169: The Boss Called
701 watching -
2:22:43
The Quartering
6 hours agoKamala Coup BLASTED By Woke Left, Insurrection At The Capitol & WILD New Trump Poll Data!
81.4K78 -
1:20:10
Mally_Mouse
3 hours agoLet's Yap About It - LIVE
33.7K5