Home Buying in Midtown East>Question Details

Neelam, Home Buyer in New York, NY

If the board at a building does not approve you , can you apply again at the same building at another apartment ?

Asked by Neelam, New York, NY Sun Nov 3, 2013

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If the board didn't approve you for one apartment you would likely have the same outcome with any other apartment in the building. I would try and rectify the reason why they didnt approve you before you try again for a different unit.
1 vote Thank Flag Link Mon Nov 4, 2013
Risky move. Unfortunately no matter how clear and sure you are of the reasons, there is no guarantee that it was the sole reason your application got rejected as the board usually only responds to the fiscal reasons for denying your application. There maybe a personal reason which you will never know and they are not required to divulge any reason at all. It is better to spend your valuable time and hard earned money on other properties that might be a better match for you elsewhere unless you do not mind sacrificing time and are also mentally prepared to handle another rejection if it happens again.
1 vote Thank Flag Link Sun Nov 3, 2013
If you weren't approved the first time around, not sure the second time around will be any different...
1 vote Thank Flag Link Sun Nov 3, 2013
That would be an absolute waste of time and money.
0 votes Thank Flag Link Tue Nov 26, 2013
There is nothing to prevent you from doing so, but unless there has been a material change in your purchase profile (ie finances) it does not make sense to do so.
0 votes Thank Flag Link Mon Nov 25, 2013
Neelam you will never be able to officially established why the board denied your application because they have no legal obligation to do so. It can be for any reason, and it can be as silly as they didn't like the color of your shoes. So forget about that building. Unfortunately that's one the negatives of purchasing a coop, the board with their assortment of prejudices.
0 votes Thank Flag Link Mon Nov 4, 2013
Everyone believes you can re-apply. Fine. What you're saying is, the previous application was good enough financially that it passed the initial scrutiny of the Managing Agent and the Coop Board's scrutiny. Then, they actually gave you an interview. After the interview, you were turned down, Yes? That's how I read your question and maybe I'm wrong. If that is the case, either something is missing from your question or there was something that didn't sit right with the Board. It's always difficult to know exactly. Perhaps you exhibited some type of behavior at the interview that didn't win them over but who knows. Apply again, sure, but to what end?
0 votes Thank Flag Link Sun Nov 3, 2013
Yes - If the board turned you down based on financial reasons, you could apply for a different apartment with a lower price point, and lower maintenance fee for which you might be more financially qualified.
0 votes Thank Flag Link Sun Nov 3, 2013
Hi Neelam,

You can always apply again for a different apartment. I would ask the question of why you weren't approved in tje first place.

If the board turned you down due to financial reasons (ie. liquid assets), yes, you can apply for a different apartment with a lower price point or lower maintenance fee.

If you had a dog and the board isn't accepting any more pets in the building, then that's a different case.

You can try asking the sellers broker or have your lawyer ask the board why you were declined. The coop board isn't required to respond however.

This may help you in deciding whether or not to apply for a different apartment.

Hope this helps.
0 votes Thank Flag Link Sun Nov 3, 2013
Yes, but find out why you were not approved and make sure the same issues do not come up again. Otherwise, you could face the same result. For example, if you were not approved because of your financial situation, applying for a less expensive apartment could resolve the issue. Good luck.
0 votes Thank Flag Link Sun Nov 3, 2013
I doubt there is anything to prevent that. But unless you know why you were not approved and you can fix that issue, why bother as it will likely happen again. And even if you think you know the reason, there may be something else that you'll never find out about.
I would advise you to move on to another building. Let me know if I can assist.
0 votes Thank Flag Link Sun Nov 3, 2013
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