S2-09: Cash-only Co-ops in NYC and Queens - What are they and how does it effect you?

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Queens Real Estate Talk

Miscellaneous


Did you know there are co-ops in NYC where buyers can't get a loan and have to buy all cash? Many don't even realize that in addition to the buyer being approved for a loan, the BUILDING also needs to be approved. In some buildings, that isn't possible for various reasons, and it can have a serious impact on both buyers and sellers! Listen to this episode to learn why this happens, and how "cash-only" co-ops impact you whether you're a hopeful buyer or an owner trying to sell. Make sure to visit us online at www.queenshometeam.com Send in your questions and episode ideas to: george@queenshometeam.com | daniel@queenshometeam.com Facebook: http://www.facebook.com/queenshometeam YouTube: http://www.youtube.com/queenshometeam Instagram: http://www.instagram.com/queenshometeam Our Manhattan specialist: www.AkermanNYC.com