Can I review my buyer's application before it goes to the co-op board?

Typically, a seller does not review their buyer's co-op application. That job falls to the seller's and buyer's brokers, our experts say. 

Purchasers aren’t required to show the seller of an apartment the board package, unless the seller negotiates that right into the sales contract. There’s one big reason a buyer might not want the seller to check out their package: privacy, said Deanna Kory, a broker at Corcoran.

“Usually, most buyers do not want the sellers to see everything that they’ve presented,” Kory said. 

There are also compelling reasons for sellers not to look at the application—and that includes the cover letter and recommendation letters—even if the buyer agrees to it. 

"The seller should consider the downsides to reviewing the application: If the buyer’s identity gets stolen, the seller will be a suspect. Why would the seller want to see the recommendation letters? If the application is denied, questions would arise as to whether the seller interfered with the people who wrote the letters," said Kevin McConnell, of counsel at the law firm Himmelstein, McConnell, Gribben & Joseph.

Most experienced with board packages

In most cases, the seller is not the most qualified person to review the application—their broker is. Hiring a seasoned broker—ideally one who has experience with your building as well as with reviewing co-op packages—is the best way to make sure your buyer will be approved. 

"A good agent has a lot of experience in compiling and presenting board applications, can understand where the issues lie, and has the skill and the knowledge to answer any potential questions in the application itself in advance of submission of the application," Kory said. 

A good seller’s agent will also ensure that the board package is in line with what the buyer originally offered, said Craig Roth, a broker at NextStopNY Real Estate.

A seller may see some sections of a board package that they need to sign, but not every document, said Laura Cook, an agent at Keller Williams NYC. If something in the package looks off, the seller’s agent will request that the buyer’s agent make changes.

“If they do a lot of deals in the building and want to see something a certain way, we can accommodate and tweak it to make sure it's exactly how they want it to be,” Cook said.

A previous version of this story contained writing and reporting by Alanna Schubach.

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