Will these requirements be a hindrance when I try to re sell it?
A friend of mine approached me for a co-op property in Kingston WA. I am thinking of buying it as the property is reasonably priced. It also has a relatively high maintenance fee. The financial requirements for potential buyers seem quite strict. It also requires that the buyers must have at least two times the purchase price and four times the maintenance fee in liquid assets. Will these requirements be a hindrance when I try to re sell it?
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