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Coop Board Interview Scheduled

A few days ago I received a copy of the appraisal of the property. It was 24 pages long. It is a detailed report on the property and includes comparable information about similar properties in the area that have sold recently.  Two of the comparable were in the same building as my apartment, however they had smaller square footage and only one of them had a balcony.  Of the five comparables, my apartment had the largest square footage. I was surprised that the appraisal was so detailed. It even included the floor plan for the apartment. Though we have been referring to the coop as a two bedroom, according to the floor plan, it's actually a one bedroom apartment with a den/dining room. I always thought the layout was a bit odd, but once I read the report, it all made perfect sense.  The balcony is attached to the second bedroom/den and not accessible through the living room. The apartment was built in the 1950's and each room is a throwback to that era. The bathroom is a time capsuled blue tiled mess and while the kitchen is quiet large for an apartment, its plastic cabinets and Formica counter top lacks efficiency. The floors, I was concerned that it was a laminate and therefore couldn't be stained, but the report stated that they were hardwood flooring. The apartment is on the east side of the building which means it gets pretty good sunlight throughout the day. The appraisal even noted that there was a view of the Empire State building and that there were "open city views".  The apartment has many pluses and minuses, still it's the one that I want and have been searching for for some time. I'm happy to see that there have been some progress on my homeownership quest. I'm happy to say that the coop appraised for more than the contracted sales price.

I almost forgot to mention, but on October 9th I have an interview with the coop board. I know it seems a bit far away and we can't get to closing until I get approved by the board. I did speak to the management company about getting an earlier date, but I was told that it was not available. I'm a bit nervous by this. What kinds of questions will they ask? Has anyone else gone through a coop board interview? How was it? What did they ask? Comment and let me know.

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