Are you selling on your own, or do you have an agent? A board does not meet with a buyer until a completed board package with all required documentation is submitted. Everything in it must be very clear. This gets submitted to the managing agent and then to the board. Only after the board reviews it do they invite the prospective buyers for a meeting.
It's not clear from your questions if these steps have been followed. Do your buyers have an agent? Did the agent submit a completed board package to the managing agent? If so, they need to keep following up. It can take a month based upon when they last met and if they review applications only at meetings or ad hoc.
Hope this helps.
Halstead Property, LLC
I have 5 questioins for you to explain this situation:
*How is the COOP board giving you a hard time?
*Are they telling you that they don't like the price you are selling your apartment?
*Has the board application from your potential buyers been denied?
*Is the COOP board just sitting on the board application and hasn't gotten back to the management company to tell the real estate agent that they are ready to interview the buyer?
*How long ago was the board pacakge sent to the management company for review then sent to the COOP board for review?
The hard thing, with any COOP board, is that they can take their time and they can hold off for up to a month, until their next COOP board meeting. Also, by law, they can refuse anyone for any reason without giving an explaination. Follow up with your real estate agent if he/she has heard anything. If the board application was sent in only a couple weeks ago, this is not uncommon to still be waiting.
Nick Rafello, V.P.
The Corcoran Group
Much of what Janet & Nick said was true, and you did noit really give us enough information.
Do you have any problems with the board or building..any litigation, did you illegallly sublet, any disputes? If you did, resolve them immediately.
Did you ever serve on the board? No? Why? Did not have the time? Then you ought ot understand that they have lives too.
If it has only been a week or so, then it will take time. If it has been closer to a month since ALL information was submitted in a neat organized package--then a polite inquiry is appropriate--don't squeak too much. Let them know how much you appreciate thier time.
A board does not have to interview, they can reject without doing so.
Your board is not compelled to met anyone unless you've done thing in the correct way which you don't explain. It does sound like you're going solo here and that may not be in your best interest.
Nick's last paragraph of information is what happens. Some co-ops boards have rules like they want the application in by the first Tuesday of the month so they can meet with you on the last Thursday. It's possible that your buyer missed the deadline for one meeting, and the next meeting hasn't come up yet.