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sometimesmommy
Always in my heart.....
Member since 11/06 6686 total posts
Name:
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How Long for CO-OP
How long does the process usually take when closing on a co-op?
MIL got verbal offer acceptance and the next step is meetign with the board??? how logn does the process take and what to expect?
Message edited 3/30/2010 12:33:10 PM.
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Posted 3/30/10 12:31 PM  |
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eddiesmommy
best buds!
Member since 5/09 11524 total posts
Name:
Melissa
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Re: How Long for CO-OP
From accepted offer to closing for our co-op was about 4 months, but it took FOREVER to get a meeting with the board.
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| Posted 3/30/10 12:34 PM |
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eddiesmommy
best buds!
Member since 5/09 11524 total posts
Name:
Melissa
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Re: How Long for CO-OP
It also depends on the board, we have a VERY laid back board. They handed us a copy of the rules and then it was more or less and meet and greet.
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| Posted 3/30/10 12:35 PM |
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Pray4Baby2010
<3 Cutest Giants Fan
Member since 10/09 5796 total posts
Name:
MB
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Re: How Long for CO-OP
Posted by eddiesmommy
It also depends on the board, we have a VERY laid back board. They handed us a copy of the rules and then it was more or less and meet and greet.
same here for us- the lady was really nice and very informative- more about what living there was like
from offer-closing it was about 2 1/2 months for us- we had to fill out a pack of papers for our board and then like a week later they scheduled our meeting
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| Posted 3/30/10 1:09 PM |
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KittyGags
LIF Adult
Member since 7/09 5614 total posts
Name:
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Re: How Long for CO-OP
Mine took from a May accepted offer until October closing.
The buyer had to fill out the paperwork first, provide documentation of everything shes ever done in her life, bank appraisal happened in Sept and we closed 10/15.
So 5 months. But it really depends on the board.
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| Posted 3/30/10 2:19 PM |
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: How Long for CO-OP
It really depends. The co-op my parents live in has a very strict board. They are definitely not in the norm. I would think a few months depending on board approval.
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| Posted 3/30/10 2:42 PM |
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My4GirlsMyLife
My 4 girlies
Member since 2/08 9702 total posts
Name:
Valerie
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Re: How Long for CO-OP
Posted by Mici C
It really depends. The co-op my parents live in has a very strict board. They are definitely not in the norm. I would think a few months depending on board approval.
ITA ! It took 4 1/2 months to finish the sale on ours
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| Posted 3/30/10 3:15 PM |
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jennandrob
mom of two!
Member since 5/05 4368 total posts
Name:
Jenn
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Re: How Long for CO-OP
5 months for us
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| Posted 3/30/10 5:27 PM |
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MissJones
I need a nap!
Member since 5/05 22150 total posts
Name:
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Re: How Long for CO-OP
From finding to moving in, 4 1/2 months!
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| Posted 3/30/10 5:44 PM |
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DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
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Re: How Long for CO-OP
ITA with PP anywhere from 3-6months depending on the board.
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| Posted 3/30/10 6:18 PM |
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shoegal68
LIF Toddler
Member since 6/08 422 total posts
Name:
Sandy
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Re: How Long for CO-OP
about 3 months. honestly it depends on how quick people move. involes alot more paperwork. things can be sitting on people's desks for days unitl they get signed... if they are on vacation, out sick. etc... or just plain inefficient.
luckily when i bought & sold mine it went pretty smoothly but had to deal with agents & lawyers who didn't move as quickly as i liked 
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| Posted 3/30/10 7:24 PM |
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