Results tagged “coopboardminutes”

No one likes bedbugs—except maybe bedbug exterminators who make bank for (hopefully) getting rid of the bedbugs—and it turns out, shocker of all shockers, that potential buyers don't like them either! The NY Times' real estate section has a big article on the effects of bedbugs on deals and opens with an example of an "elegant two-bedroom co-op in an Upper East Side prewar building had drifted on the market for nine months by the time the first-time buyers laid eyes on it this spring." The buyers loved it, especially when they could get it for $50,000 less at $625,000. But then, in their "due diligence" phase, their lawyer said, "The [co-op board] minutes referenced multiple attempts to exterminate bedbugs in the building." Oh, crap.