Tuesday, November 28, 2006

The Board Interview

Finally, months after I made the offer on the apartment in Brooklyn, I am going to meet the co-op board tonight. I'm only a little bit nervous, since I know the drill pretty well. It should be fine. Here's a funny list of prep notes the broker sent me to review before my meeting (typos left intact):

Dress conservatively as you would for most business meetings.

If anything comes up during the meeting that is a surprise, take it under consideration. This is a time for approving YOU and not a time for resolving conflicts.

No Jokes – especially where there are questions related to money. One person, when asked where there is additional money, offhandedly said, “We keep it offshore so not one can get it.” They were not approved. It was not funny to the Board.

Bottom line, be Courteous, friendly and sincere. Do not react too strongly and do not add any other variables to the equation. It is not necessary to volunteer information that is not requested specifically. Like a deposition, answer questions simply and straightforwardly.

If you have any questions or concerns about the apartment, the building services, or financials, ask your broker before going before the Board. The meeting is not the appropriate time or place.

Leave promptly after the meeting and save further socializing for after your board approval.
I especially like the part about "no jokes." So, after tonight I'll know for sure if this deal is actually going to go through. To tell you the truth, there is a litte part of me that wants them to reject me. The idea of just staying where I am and not having to deal with all of this is pretty appealing. I found myself daydreaming about what I would do to my own apartment, if I were rejected at the new place: refinish the floors, get a custom, built-in desk, replace my closet doors... But chances are they won't reject me, so I better focus on the new place and getting my belongings packed up to go.

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