Making an offer on a coop apt
My partner and I are about to make an offer on an apartment. The realtor for the seller has an “offer form” for us to complete, which asks for all of our financial information, including assets, income and liabilities. I know that the bank will need this information for a mortgage, but is this standard…
My partner and I are about to make an offer on an apartment. The realtor for the seller has an “offer form” for us to complete, which asks for all of our financial information, including assets, income and liabilities. I know that the bank will need this information for a mortgage, but is this standard information to give to the realtor for the seller?
Yes– it is standard.
Thanks. This is helpful.
Yes, it is standard. The seller wants to make sure that you are a qualifed buyer. Otherwise, you they are just wasting time. This form helps to insure them that you are actually a serious buyer.
the co-op will need this info and if you don’t fulfill co-op requirements they don’t even accept your bid. depending on the building, co-op might have more requests than your mortgage lender.