Tag: selling homes in NY

When it comes to buying homes in New York State, purchasers tend to hear the terms “buyer beware” or “caveat emptor”.  Under New York State law, a seller of residential real property either has to answer a forty-eight-question disclosure or they could “opt out” of providing the disclosure and give the purchaser a $500 credit at closing – until March 20, 2024, that is.
Continue reading “Amendments to New York’s Property Condition Disclosure Act Creates a Severe Burden on Sellers”