Brides Helping Brides ™ - for those of you that have bought co-ops i have a question

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for those of you that have bought co-ops i have a question

antoinette Posted: Nov 17, 2003 10:44 AM+

antoinette MEMBER SINCE: 5/02 TOTAL POSTS : 1638 WEDDING DATE: Oct 20, 2002

Posted: Nov 17, 2003 10:44 AM

for those of you that have bought co-ops i have a question

aprrox how long did it take you to close from getting you offer accepted ?

antoinette Posted: Nov 17, 2003 02:51 PM+

antoinette MEMBER SINCE: 5/02 TOTAL POSTS : 1638 WEDDING DATE: Oct 20, 2002

Posted: Nov 17, 2003 02:51 PM

Re: for those of you that have bought co-ops i have a question

no co op owners here?

ILT1221 Posted: Nov 17, 2003 05:26 PM+

ILT1221 MEMBER SINCE: 7/01 TOTAL POSTS : 2201 WEDDING DATE: Dec 01, 2002

Posted: Nov 17, 2003 05:26 PM

Re: for those of you that have bought co-ops i have a question

I am a co-op seller. It takes the same as a house. I would think you should know within a week.

kittyke Posted: Nov 18, 2003 12:38 PM+

kittyke MEMBER SINCE: 3/02 TOTAL POSTS : 1569 WEDDING DATE: May 25, 2003

Posted: Nov 18, 2003 12:38 PM

Re: for those of you that have bought co-ops i have a question

I am a Co-Op owner and I believe it took about 3 weeks from signing of contract to closing.

gpsyeyes Posted: Nov 22, 2003 05:12 PM+

gpsyeyes MEMBER SINCE: 5/03 TOTAL POSTS : 267 WEDDING DATE: Oct 11, 2003

Posted: Nov 22, 2003 05:12 PM

Re: for those of you that have bought co-ops i have a question

i bought a co-op in 1997 and sold it in 2001 - both times, the same - about 2 months complete. You have to consider that you have to get a mortgage like a house and have an appraisal and meet with the board, too.

AtticaQT Posted: Nov 22, 2003 05:29 PM+

AtticaQT MEMBER SINCE: 5/03 TOTAL POSTS : 6197 WEDDING DATE: Jan 09, 2005

Posted: Nov 22, 2003 05:29 PM

Re: for those of you that have bought co-ops i have a question

It depends - but usually 2-3 months.

hotelcalie Posted: Nov 24, 2003 02:44 PM+

hotelcalie MEMBER SINCE: 1/02 TOTAL POSTS : 920 WEDDING DATE: Apr 05, 2003

Posted: Nov 24, 2003 02:44 PM

Re: for those of you that have bought co-ops i have a question

We bid at the end of April...closed August 11th. seller was dragging his feet because he couldn't find a place to move to!

ChristineC68 Posted: Nov 24, 2003 03:04 PM+

ChristineC68 MEMBER SINCE: 5/01 TOTAL POSTS : 12170 WEDDING DATE: Sep 21, 2002

Posted: Nov 24, 2003 03:04 PM

Re: for those of you that have bought co-ops i have a question

When my mother bought hers it took 4 months to close. I don't remember the reason why.

When my sister bought hers it took somewhere around an eternity - 6 months because the sellers and the board were not diligent in getting paperwork processed, etc.

I think co-ops usually take a little longer to close because you now have the board of directors and management company of the co-op involved. More people = more time

Good luck

octobergirl Posted: Nov 25, 2003 04:42 PM+

octobergirl MEMBER SINCE: 1/02 TOTAL POSTS : 945 WEDDING DATE: Oct 13, 2002

Posted: Nov 25, 2003 04:42 PM

Re: for those of you that have bought co-ops i have a question

Ours took forever! We bid early November, and did not sign a contract until the end of March.

palebride Posted: Nov 25, 2003 04:58 PM+

palebride MEMBER SINCE: 6/03 TOTAL POSTS : 12372 WEDDING DATE: Apr 03, 2004

Posted: Nov 25, 2003 04:58 PM

Re: for those of you that have bought co-ops i have a question

mine seems to be going rather quickly - we looked and bid on it this past sunday - i got a call from my lawyer today that the contract should be in his office tomorrow for me to sign...and the seller is moving out december 1st, so depending on the mortgage.....we could be in pretty quickly!!!

dubliner Posted: Nov 25, 2003 05:17 PM+

dubliner MEMBER SINCE: 8/02 TOTAL POSTS : 4042 WEDDING DATE: May 25, 2002

Posted: Nov 25, 2003 05:17 PM

Re: for those of you that have bought co-ops i have a question

I signed the contract around Memorial day , maybe the beginning of June, and I closed the first week in August

dubliner Posted: Nov 25, 2003 05:17 PM+

dubliner MEMBER SINCE: 8/02 TOTAL POSTS : 4042 WEDDING DATE: May 25, 2002

Posted: Nov 25, 2003 05:17 PM

Re: for those of you that have bought co-ops i have a question

ETA - I bought from an estate -

Moehick Posted: Nov 29, 2003 11:48 PM+

Moehick MEMBER SINCE: 9/03 TOTAL POSTS : 7332 WEDDING DATE: Mar 14, 2004

Posted: Nov 29, 2003 11:48 PM

Re: for those of you that have bought co-ops i have a question

We signed the contract last week and are meeting with the broker tomorrow. They said we should be in there shortly after the new year. Lucky us we didn't have to meet with the board.