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What is a REBNY Financial Statement and why should I require one?
The REBNY Financial Statement is a standardized disclosure form showing a buyer's assets, liabilities, income, and net worth. It provides far more detail than a pre-approval letter and mirrors what co-op boards require. Demanding it with every offer lets you assess whether the buyer can actually survive board scrutiny, carry post-closing liquidity requirements, and close without financial surprises derailing the deal.
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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