Encore NYC Co-op Rules Need to Change

Co-op rules need to change. This has been the mantra of the NYC real estate industry for many years. Things like fair housing practices and time of board approval are becoming increasingly more of a concern. Can this city get there with new laws surrounding these “private” corporations? And while putting together your board package, you start to get curious and a bit worried. Co-op boards require so much personal information about your lives, your finances, and on everything. Also at this Hour: Buyers are moving more slowly. Negotiations are taking a lot longer. Contracts are taking longer to get signed. Constant follow up and communication is key with sellers, buyers, co-brokers and also with the attorneys, and the bank. We will get into all of this.