What Happens After I Accept an Offer?

You might want to ask your broker -- the one you're paying -- to give you a rundown. Here's one: http://www.nyrelaw.com/pdf/Transaction-Overview.pdf

Contact Attorney Jonathan Helfer of Katz and Matz.
jonathan@katzmatz.net 212 244-4630. He is the best and will walk you through all.

You might want to actually ask your (hopefully) excellent real estate attorney -- the one you're presumably paying -- as they are the only party in the entire transaction who (should/must) have your fiduciary interests at heart....

Second that. Jonathan Helfer closed my apt two months ago. Best real estate lawyer ever.

Next immediate thing to do: Send a note (or have your broker do it) to your managing agent letting him/her know the status of your transaction.

A lot of the complaints about managing agents are by shareholders who don't keep them in the loop, and then darken the doorway at the last minute, demanding documents.

ali r.
DG Neary Realty

2-3 yrs of financials and the offering plan is what you need immediately. if you don't have this, get it from the managing agent. if the buyer asks for minutes, their attorney, or somewhere from the firm, will go in to review them.

You should already have an idea of your potential buyer's financials before you accept. Your broker should be guiding you through this the whole way...

When I sold my coop I had several offers, but I knew who was strongest (despite 2 being all cash) and made my decision to accept based on that, well before they even got the board package together.

You don't want to accept a good offer than won't pass the board...it's just a waste of time.