It is this high barrier of entry which makes them a very stable form of home ownership until, of course, it is time to sell and the Board doesn’t like the fact that the buyer is a Mormon with two wives.Having a seasoned broker behind you who has been through hundreds of co-op Boards is mandatory if you are buying and selling a co-op. We have 30 years’ experience and on top of this, every board package we submit is reviewed page-by-page by a Corcoran Managing Director with 30+ years of experience. But at the end of the day, no matter how prepared you are and how charming you are, if you go into a board interview and ask the Board when they plan on renovating the lobby or tell the Board how to run their financial affairs, you will likely be turned down. True story.
10 Reasons to be bullish on NYC real estate in 2023.