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This much I can say: The $500 credit is not not a sign that the seller is hiding anything or actingsurreptitiously. 0000012118 00000 n
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A property disclosure statement is a required document in most states, one completed by the seller to inform the buyer of any material defects or information by law to be mentioned.
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Buyers of residential property in the state of New York are by law supposed to be furnished with a form known as a Property Condition Disclosure from the seller. It is a form with several dozen questions on the physical characteristics of the property, such as the roof, plumbing, and electric systems. All real estate is local, and it is rare for buyers in the Metropolitan Area of New York City (5 Boros, Long Island, Westchester, Hudson Valley) to get the form, while a $500 credit is almost unheard of upstate. Talk to the other party or HOA Board. .su-cta-content {
An Arizona residential real estate purchase and sale agreement is a legal document with terms and conditions for a buyer's purchase of property from a seller.
Listing broker has attempted to offer accurate data, but is not guaranteed accurate. This also allows the buyer to schedule any inspections. margin-bottom: 0;
hydLg R~.1E36qTp`KD4r|u" IOsKFc*b[G6/A? INSTRUCTIONS TO SELLERS: 1. background: #f3f3f3;
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Sell your home with a traditional full service listing for just one percent commission. 0000005899 00000 n
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i` +}}m^G)bzXt =6;1:nI@f4nA-h(\/Wv\^,Sl]iMfR:L2({). As of the date hereof, the Mortgage Loan Seller has no knowledge of any proceeding pending or written notice of any proceeding threatened for the condemnation of all or any material portion of the Mortgaged Property securing any Mortgage Loan. No representation, guarantee or warranty of any kind is made regarding the completeness or accuracy of information provided. }
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This is designed to provide the parties to a RESPA covered transaction with information during the settlement process. } us Property Condition Disclosure Statement Name of Seller or Sellers Property Address General Instructions The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy thereof to be delivered to a buyer or buyer s agent prior to the signing by the buyer of . \y 2s87i8g}N)e`r<3?a`Rgm8dW@PZu T7DI0"` "b
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Law 460-467 ). This might be due to the fact that New York area lawyers dont like volunteering information when a $500 credit is such a small percentage of overall proceeds to avoid it.
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