His buyers want that co-op, but not enough

A broker I’ll dub “Matt” has a problem.

He mentioned that his buyers are a couple, half of whom is on maternity leave.  They have gone through the usual search, found a co-op they love on Manhattan’s Upper West Side and asked Matt to make an offer.

The two-bedroom apartment that a couple is eager to purchase has a tony kitchen in addition to its other attractive pluses.

The problem is this: They haven’t spoken to a lender and they haven’t completed a standard financial statement.  The other day, the pregnant buyer said she and the lender have been unable to connect for a week and a half.  Right.  Maybe because she never calls him back.

And then there’s another little problem: Continue reading