Maybe she can just advise you the comps in the area so you know how well the owner priced it, then help you figure out what your max bid is, from there you can safely go in on your own with any owner.
I advise my own customers that on any purchase the perfect price for them is one that if they were outbid by say $500 and lost the home, they would have no regrets and if they win the bid they would feel good paying at closing.
Any realtor should be able to help you determine the approximate value of a coop especially, since there have been many sales recently and lines in the same building should have similar value once you know the recent sales and adjust for condition of the unit and current market climate and look at your own finances you should have enough info to determine your top dollar, go in with that and provide proof you can obtain financing and pass the board and that's the best anyone can do :)
When considering an offer, most owners i work with expect me to review their buyers proof of income, credit report, recent taxes and proof of funds, with those items we can get a preview of what the board will see and get a good idea of how well the offer will present
For coops, price is important but a buyer with strong financials, the ability to pass a board is just as, if not more important, any seller will most likely agree that getting their price is only a good thing if the sale gets through the board, a great price and a board rejection does not a happy seller or buyer make!
Hope this helps! Good luck!
Sam Rastogi, ABR, CBR, OICP
Licensed Real Estate Salesperson
Exit Kingdom Realty
68-56 Groton Street
Forest Hills, NY 11375
For example, the agent communicates to the seller they represent you, they present your offer which includes a "$ amount" or "%" for the agent, or agree to pay the agent yourself and let them present your offer, minus the agreed upon fee, as you go back and forth keep in mind the amount you will need to add to the purchase price
However you do it, once a price is agreed upon in NY State you will need a lawyer and so will the seller to execute contract, so you will have a professional before you are locked in and giving the contract deposit.
With cooperatives, most especially in the Forest Hills area, an agent is worth the cost, and i don't just say this because i am a broker in forest hills :) The board application process is daunting, even for a licensed and experienced agent...having an agent who is experienced with that building and its managing agent, application process, etc is with the extra cost, they should be able to advise prior to contract how you can financially present to the board successfully, if you go into it blind and are ultimately rejected by the board, it will seem penny wise and pound foolish in hindsight and you only get one kick at the can with a board application, having that board package put together professionally can make or break the sale and the worst thing is going through the whole process and not ending up a homeowner when its all done and said.
Some agents, who specialize in coops in the area do the board packages for a flat fee, and some give advice for free so doesn't hurt to ask, and in the end if you are successful you are not likely to regret the fee.
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
"We treat you like family!"
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803