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What can be negotiated when buying a coop?

Started by nikinyc
about 13 years ago
Posts: 17
Member since: May 2011
Discussion about
Hi all, What things can be negotiated other than price when buying a coop? Any suggestions will be appreciated. Thanks!
Response by lobster
about 13 years ago
Posts: 1147
Member since: May 2009

Sometimes the owner wants to negotiate being able to stay in the apartment for a short while after the sale has been completed. As a buyer, I would not agree to this although others may feel differently. You might have an issue as to minor repairs if something is broken you can negotiate a reduction in the sale price to cover the cost of repair or replacement.

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Response by ph41
about 13 years ago
Posts: 3390
Member since: Feb 2008

If there are any fixtures ( chandeliers, curtains, blinds, etc. ) that you like you might try to have them included in the sale price.

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Response by CyberSan28
about 13 years ago
Posts: 7
Member since: Jan 2010

If there is a an assessment, I seen the seller state they will pay for it.

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Response by lovetocook
about 13 years ago
Posts: 171
Member since: Sep 2010

If there is a flip tax payable by the buyer,you might be able to ask them to pay for part or all of it.

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Response by crescent22
about 13 years ago
Posts: 953
Member since: Apr 2008

lots of things (other than those stated above)- what date you close (you have rights to close on that date to 30 days after that), under what circumstances can the deal be off (and you get your deposit back like not qualifying for a mortgage, death of one or more buyer), what the consequences are if a representation is false.

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Response by BigPapi
about 13 years ago
Posts: 95
Member since: Nov 2012

storage units also

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Response by chelsea511
about 13 years ago
Posts: 43
Member since: Aug 2012

I thought the flip tax was paid by the seller??

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