True story I wish wasnโt so common. Another agent asked to show one of my co-op listings. Their buyer has a 50% DTI. This building requires 33% or less. When I asked about it, the agent didnโt even know what DTI meantโฆ yet had a full day planned showing co-ops the buyer cannot qualify for.
Before you tour a single co-op, your agent should confirm:
- Debt-to-Income limits
- Minimum down payment
- Post-closing liquidity requirements
- Credit score requirements
- Primary residence rules
- Occupancy rules
- Pet policies
- Interview standards
A good agent protects you before you get financially and emotionally invested. A bad one hands you a long list of apartments you were never eligible to buy. Choose your buyer’s agent carefully. Your time matters.
Esquire Realty Ciaramella & Co. 
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