What questions should I ask when buying a coop?

What questions should I ask when buying a coop?

Questions to Ask the Coop: Am I permitted to rent or sublet my apartment? If yes, how long may I sublet my apartment? Are there conditions that I must satisfy to be permitted to sublet my apartment?

How do I prepare for a co-op interview?

Be Professional During Your Co-Op Board Interview

1. Present your best self.
2. Arrive slightly early.
3. Dress professionally.
4. Manage your online presence.
5. Know what’s in your application.
6. Prepare for uncomfortable questions.
7. The political question.

Why would a seller not make a counter offer?

Home sellers sometimes issue counteroffers at full price, even in a buyer’s market. They may do this if they are irrational, they expect the buyers to counter back, they have a change of heart, the home wasn’t on the market long enough, or they get bad advice from their agent.

What happens if a buyer reject a counter offer?

Your counter offer effectively voided the buyer’s original offer. The buyer, who has been released from the original contract, has to agree to continue the conversation. They are legally free to make offers on other homes, and have no obligation to go through with this purchase.

Can a seller decline a full-price offer?

Enforcing Property Sales Sometimes, one party to a purchase agreement will sue the other party to force specific performance. However, in California and most every other state property sellers can refuse even ‘clean’ full-price offers devoid of any buyer contingencies.

Does seller accept asking price?

No. A seller is not bound to accept any offer, even at full price. However, your seller could be in breach of your listing agreement by refusing to accept the full-price offer.

Do sellers always take highest offer?

When it comes to buying a house, the highest offer always gets the house — right? Surprise! The answer is often “no.” Conventional wisdom might suggest that during negotiations, especially in a multiple-offer situation, the buyer who throws the most money at the seller will snag the house.

Can a seller counter a highest and best offer?

The listing agent may counter the “highest and best” offer you submit. Many buyers find this deeply frustrating and insulting since they’re essentially being asked to put forth a better offer than their best offer.

How do you win a bidding war?

Winning a bidding war 101

1. Know your budget and stick to it.
2. Teamwork makes the dream work.
3. Have your pre-approval form ready.
4. Consider waiving your contingency clauses.
5. Get your cheque book ready.
6. Equip yourself with an escalation clause.
7. Don’t skip the inspection.
8. Establish a personal connection with the seller.

How many houses should you look at before buying?

How many times to look at a house before buying? Ideally, four to six viewings should be sufficient. Attending two to three visits inside, with a realtor and/or appraiser, and another two to three visits scouting the house and neighborhood independently, from the outside, may be a good approach.

How do I choose between two houses?

How to Choose Between Two Great Homes

1. Consider your lifestyle.
2. Consider your plans for home ownership.
3. Compare home prices.
4. Location, location.
5. Schools on the radar.
6. The condition of the houses.
7. Have a second (or third home viewing)
8. Ask for feedback.