And now, we wait (Co-Op)

Draco

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Some of you may remember back in early May, I put in an offer for a Co-op here on Long Island.
Those who don't know what a Co-op is.. here's a good page: http://manhattan.about.com/od/findanapartment/a/condoscoopsnyc.htm

In brief, I don't "own" the property- I own shares of stocks for the property. It's more work to get into one of these.

During the months, there was a lot of back and forth, waiting for the package application, filling out the daunting application and preparing every ounce of my financials and living history. Gave it to the lawyer- he gave me the OK to deliver it..

The package application required every, and I mean EVERY financial information (my charge statements, bank and check statements, any loans, credit check), they also required proof of my job and stability, along with my annual pay. They also wanted 2 years of my taxes W2 forms. In addition, I had to get 6 letter of references, between my jobs and my apartment property manager. They wanted to know everything, including what I pooped out in my underwear. I had to put these carefully organized in 3 different binders.
This is extremely nerve-wracking to give all this personal information to a bunch of strangers!

I can understand why.. they want a stable person who can pay the monthly fees. Since we're paying in cash, and between me and my dad (who's co-owner with me), we're financially stable.

Come the interview- they'll want to know what type of person I am. They want to make sure I won't be disturbing the neighbors (no loud instruments, no parties every night, etc), and want to make sure I am clean (not an alcoholic or anything). I have no issues here.

The above makes sense- I wouldn't want to be living next to someone who's a complete slob, partying all night and can't maintain their finances.

And the package was delivered yesterday to the Co-op board. Now I wait to hear from them, whether they want to schedule an interview with me or not. I am not going to have any fingernails left after this!

I've done all I can do up until this point and I am nervous! It's been a very stressful few months with everything I had to do. It was like pulling teeth with these people too. I hope the board reviews my package application and call me in for an interview fast! I want to know if I am approved so I can officially start preparations to move by the end of August as I aim to have my closing date for July 30th.

The people of TCS, I really could use your vibes! I know how powerful they are!

Oh, this is the Co-op, if anyone's curious. I will be doing a bit of work to make it my style!
 
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pinkdagger

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They wanted to know everything, including what I pooped out in my underwear.
LOL.

It looks great though! I hope you don't mind internet strangers having your exact prospective address.
Best of luck with the rest of the process!
 
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Draco

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ah, I took the link out and added the photos instead ;) good timing!
 
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pinkdagger

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Good call! I probably wouldn't mind if it were kept to a select few "regulars" that you know, but with the amount of non-cat-crazies just floating around the internet a public post made me nervous!
 

fhicat

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ah, I took the link out and added the photos instead
good timing!
Except now instead of random internet strangers having your prospective address, it's @pinkdagger  who has it. 
 


I'm still so jealous of that place. I'd give my ** to live in a place that looks like that. IMO, it's totally worth all the trouble you had to go through. 
 
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Draco

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thank you all!

It's the waiting that's killing me now.

@pinkdagger - I doubt you'd come all the way from Canada to attack me, so I trust you ;) lol
 

natalie_ca

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Tons and tons of vibes coming your way!!! 


I understand what a co-op is.  However, can I ask why you opted to go the co-op route instead of actually buying a house/condo? Buying seems like so much less hassle than buying into a co-op.
 
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Draco

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Valid question natalie_ca natalie_ca !Coops are much cheaper than condos and houses here. It's all I can afford. Average one bedroom condo can be 200k and up. Houses over 300k and these are 1 bedroom homes

Coops start around 80k and up. I got this one for 129k
 
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natalie_ca

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Valid question @Natalie_ca !Coops are much cheaper than condos and houses here. It's all I can afford. Average one bedroom condo can be 200k and up. Houses over 300k and these are 1 bedroom homes

Coops start around 80k and up. I got this one for 129k
Thanks for that.  Wow! $300 thousand for a one bedroom house? I thought our house prices were bad here! At least for that price you get 2, maybe 3 bedrooms here.
 
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Draco

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Long Island is a very expensive place to live. I could get a mansion if I moved to Texas for $129k!
 

stewball

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OMG I was sure you were I in already. I hope you get your positive reply soon.
Here are your bibrs:
:vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes:
 
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Draco

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OMG I was sure you were I in already. I hope you get your positive reply soon.
Here are your bibrs:
:vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes::vibes:
thank you for the "bibrs".. they are extra special! :lol3:

thanks Siamese Mommy! I love that avatar photo!
 
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