u/warrior_stardust7521

Hi,

I have a 1 bed co op I was considering putting in an offer on. UES.

I thought my REBNY was excellent, perfect credit, assets, debt to income, salary, cash in bank, .. etc etc - but the other broker just told my broker they additionally expect the purchaser to have entire purchase price liquid after purchase --in bank. This is an additional 200k liquid I wasn't expecting.

The apartment needs full renovation and my family has a contracting business so I'm able to leverage that. But I'm uncertain whether or not to even put in offer if it will get denied based on additional liquidity.

My non liquid assets include multiple commercial properties and I have overseen many big renovations.

From a co -op point of view.. should I just move on if I don't meet this criteria I was just informed of -- or as someone who would take a very old apartment in decay and Reno it - would this outweigh the liquidity question? Uncertain whether to push an offer or walk away.

thanks!

UPDATE - spoke to my broker - there is NO rule about 100% liquidity post sale.

Apparently the seller's broker was annoyed that we asked too many questions and tried to shoo us off.. 1 question was about rental rules down the road and the other question was about prior renovations and asbestos requirements should we reno.

Two days before my mother died, I had an experience - that I’ve always felt was real.

She was in a coma like state in bed - my sibling chose heavy medication for her to not be in pain. I thought she wanted to be alert to be with us. However..

I was laying on the hospital couch in her room.. - I was facing her and across from me was the door- with a glass window I could see the hall outside.

I was laying there and saw her younger self just outside in the hall walk up to room’s window and look in at her sleeping body. She did not make eye contact with me- she looked at herself and walked away , turned corner in hallway.

I jumped straight up , I looked at my mother, she was still sleeping. I couldn’t have seen what I just did. I opened the door and looked and she was not there..

I told myself I must have had a crazy hallucination - or could I have been sleeping? I was sure I had been awake. To this day, I remember it vividly and it still felt real.

Has anyone experienced this or heard stories in cultures where this has happened?

Just wondering .. if it could have been real. Like I was seeing her project herself..
thanks!🙏