Co-op boards require buyers to have 12-24 months of post-closing liquidity (maintenance + mortgage payments in liquid assets after the down payment). If your buyer barely meets this threshold, any market fluctuation, unexpected expense, or conservative board interpretation could trigger a rejection. Verify the liquidity composition - retirement accounts, restricted stock, and illiquid investments often do not count toward this requirement.
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: Financing Risk Score: How to Underwrite a Buyer's Offer
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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