The core sequence is: engage a broker and attorney, prepare and price the property, launch on the REBNY RLS and consumer platforms, conduct showings, evaluate offers, negotiate and sign a contract, submit the buyer's board package, complete the board interview, obtain board approval, and close. The board process alone adds 8-12 weeks beyond what a condo sale requires. Pre-screening buyers for financial qualification before contract is critical.
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: Co-op vs. Condo Strategic Differences
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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