Brooklyn Heights Co-op vs Condo: A Local Buyer’s Guide - Pen Realty
: A standard NYC form detailing your assets, liabilities, income, and sources of cash for the purchase. buy loft brooklyn
: You should have a specialized NYC real estate attorney ready; their name and contact info are required for the offer. Brooklyn Heights Co-op vs Condo: A Local Buyer’s
When you are ready to submit an offer, you must provide these documents to show you are a serious contender: The Board Application (Co-op/Condo) : If financing, this
Most Brooklyn lofts are in Co-op or Condo buildings, which require a "Board Package" after your contract is signed:
: Clearly state your offer price, the percentage you intend to put down (usually 20%–25%), and any contingencies (e.g., inspection or appraisal). The Board Application (Co-op/Condo)
: If financing, this must be from a recognized bank. If paying cash, provide Proof of Funds (bank statements showing the full purchase amount).