Unusual when making an offer?

Yes, but not a "package." Usually a fact sheet listing assets, debts, salary--stuff that suggests how good a bet you will be to get approved by a board or bank.

I urge buyers to fill out a standard REBNY financial profile and update it regularly. You generally don't need to submit the actual REBNY form when making an offer. It's usually sufficient to summarize the highlights: income; assets (divided between liquid and illiquid and possibly into narrower sub-categories); and liabilities.

For a coop, the package will include some variation on the REBNY form. Often, the financial overview is the REBNY form itself, so it's a good format to know. Your REBNY can help you to assess your own strengths and weaknesses the way a Board will.

It depends on the building, but I'd want the buyer to talk me through her financials at minimum, and probably see a tax return on top of that.

ali r.
DG Neary Realty

sounds nuts... if you are putting down a 10% deposit,that you can lose if you do not close. what else do you need. Who would want to take a $100.000 hit.

holly1, are you willing to remove the mortgage contingency clause and agree to a clause that state the seller gets to keep the deposit even if the board rejects you?