How To Ace Your NYC Co-op Board Interview
The Real Talk NYC Real Estate Podcast
Welcome to the Real Talk NYC Real Estate Podcast, where experienced, expert NYC real estate brokers John Gasdaska and Jonathan Conlon bread down what’s happening in the market, what you need to know whether you’re a buyer, seller, or agent, and their insight into the future, with a little bit of fun along the way.
In this week’s episode, John and Jonathan are sharing their top tips for acing the (sometimes anxiety-inducing) board interview. The good news is once you’ve reached the board interview stage, you’re approved on paper, but there are still a few things to watch out for.
Board Interviews Are Unique To The Co-op World
Only co-operatives conduct board interviews – condominiums do not. It’s usually the final step before you are 100% approved to close on your apartment, and therefore is a very important one! Being interviewed is a good thing – though it can be a little intimidating.
1. Dress for success, as if it was a job interview.
You should wear your best interview clothes – you only get one chance to make a first impression, after all. The board may not be in the same attire, and may in fact be much more casually dressed than you are, but they’re ‘already in the club’, and you still have to earn your spot.
2. Don’t ask any questions (unless they REALLY want you to)
While most hiring managers would recommend you prepare several questions to ask during a job interview, the opposite is true in a board interview – they already know nearly everything about you that they could possibly want to. Your job is to be agreeable, polite, and don’t ask any questions. That is unless you are very heavily prompted. But even then – stick to something mundane, like a building rule.
3. Stay present.
You might find common ground with someone on the board and find yourself having a great conversation – don’t let that make you forget you are still being interviewed. Keep your professional and polite demeanor up at least until the interview is over and you close on your apartment.
4. Be yourself!
And don’t forget to thank the board for their consideration – board interviews usually only last 20-30 minutes, so you’ll be out of there in no time.
Board interviews can be intimidating, and while we’ve come across a sour experience or two in our careers, more often than not they are over before you know it.
Why We Host This Podcast:
We have been in this business long enough to know that knowledge is power. That’s why we conduct an in-depth analysis of the Manhattan real estate market every month, quarter, and year and provide an easy-to-understand synopsis of the full report in several different formats – all so you can stay informed.
Our team of experienced real estate professionals closely monitors market trends and provides our clients with the latest and most relevant information available. With this information, our clients are able to make informed decisions about buying and selling properties in Manhattan, which helps them stay ahead of the curve and make the most of their real estate investments.
Understanding the trends and changes in the market can help you make informed decisions. You gain insights into supply and demand, pricing, and market conditions that can influence the value of your property. Just by being aware of market trends and conditions, you’re better off than most other buyers and sellers, and you can make strategic moves that can lead to a successful real estate transaction.
If you’re considering buying or selling a Manhattan property, now is the time to take action. Our team of expert real estate agents and brokers can help guide you through this market, leveraging our extensive knowledge and experience to help you make informed decisions.
So, why wait? Reach out to us today and let us help you achieve your real estate goals!
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