The biggest thing to be aware of if you're selling on your own (if you are?), is your buyer qualified to buy. That goes beyond just a letter of pre-qualification.
You could also have you Attorney add a rider to the contract of sale for a lease-back option if needed or a contingency on your purchase in case your buyer does not get approval from the board. By the way, it's not really such a goggling act!?! Best of luck.
If you are at the point in contact on each side of your double transaction there may be a possibility you would need to pay for a lock extension on the buyers loan due to your perches taking time or vies a versa. Donâ€™t offer first make your buyer come to you and ask for a lock discount on the price.
This is going to be tuff on stress but you can do it.
When your buyer has submitted their application to the board with their mortgage commitment- you wait (while continuing to look for a house)for their interview and board approval- then go to contract on the house you have found. You will get the best price for your purchase being that you already have a buyer with a mortgage and board approval and you can probably close in 30-45 days(assuming you have begun your mortgage application). More info Terry K 718-614-3167 cell or email me email@example.com
Are you short selling your Coop? If so, you might nor be able to buy after selling since mortgage was not paid in full.
I will say that if the board has anything on the buyer, you could request the interview to take place in less than 3 days or even before accepting an offer.