Home Selling in 10003>Question Details

Leucase, Home Seller in 10003

We recently became a self-managed co-op. What documents do we as a co-op have to provide as part of the sale?

Asked by Leucase, 10003 Thu Jul 2, 2009

process when someone sells a place in the building?

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Hi Leucase,

I don't think this is a complete list, and you should talk to your co-op's attorney to get a complete list, but here is what I think you will need.

1) Minutesfor attorney perusal
2) Ability to provide copies of the Offering Plan & Amendments to purchasers and share holders for a set fee.
3) Annual Financials for the building provided by the building's CPA
4) A copy of the co-op Questionnaire to banks.
5) A copy of the building's insurance certificate.
6) and most importantly a reasonable yet efficient Purchase Application Package and Alteration Agreement with appropriate fees fully disclosed.

I am sure there is more, but I hope that helps for now.

Please contact me for more info if you need it

Joe Greene
joegreene@weichert.com
917-974-2600
0 votes Thank Flag Link Thu Jul 2, 2009
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