Compare the buyer's financials against your building's known thresholds: down payment minimum, DTI ceiling, post-closing liquidity requirement, and income type preferences. Then factor in board culture - some boards favor W-2 stability over higher self-employment income, or prefer primary residents over investors. Review your building's recent approval patterns with your broker. If the buyer's profile does not align, the highest offer is worthless.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Filtering Buyer Pool Depth and Liquidity Silos
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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