Real Estate Disclosures – What You Have to Share Legally in New York

Real Estate Disclosures – What You Have to Share Legally in New York

Real estate disclosures come with many questions for both a buyer and seller. Our rule of thumb? Be as open and honest as possible. In our latest post, we will cover what you need to disclose by law. 

Being an open and honest seller will not only help you avoid a lawsuit, but it will also make you a trustworthy, stand-up, all-around person. Hiding defects, looming repairs, and any other issues with the home will only come back to bite you in the end. Whether through a lawsuit or good ol’ karma… if you believe in that sort of thing.

Most real estate lawsuits occur because of non-disclosure.

So exactly how much are you required to disclose legally? Basically, anything that can affect the value of the property. Here are just a few of the things you should address:

  • Issues with the land, such as drainage, bad soil, and potential for flooding. Bad soil can limit building and low-lying areas can be prone to flooding and water damage.
  • Foundation level and known cracks must be disclosed. If the house settles more than it already has, it could experience structural damage.
  • Plumbing problems, sewer issues, and leaky pipes all need to be brought to the forefront. Some of the most expensive home repairs stem from water damage.
  • Any problems or irregularities with the heating and cooling systems should be addressed.
  • If you have a problem with cockroaches, rats, ants, termites or moles, you will need to inform your potential buyer.
  • Have a leaky roof or missing shingles? Tell your buyer before they find out during a rainstorm.
  • Lead paint is a no-brainer. This disclosure is one of the most common you will see with home sales and rentals.
  • Are there issues that will affect the title? Or rightful ownership? This needs to be spelled out up front, not during the closing process.
  • You should also have documentation for repairs and insurance claims you’ve made in the past. You should be able to describe what was done and the materials used.

Additionally, some states will require more in-depth disclosure of hazard zones which include flooding, earthquakes and other environmental factors affecting the land. Some states will also require any violent crimes committed in the home be common knowledge. Not every state requires this, but it is a good rule of thumb to follow. Think about what you would want to know if you were buying a home for yourself!

Disclosures help a buyer learn as much as possible about a house before making their purchase.

You are selling a great home right? When you keep something to yourself, a minor, needed repair can snowball in much bigger problems. Many properties have something pop up during the inspection that the seller wasn’t prepared for. Imagine, your asking price slashed because of a defect you were unaware of. Your house is a multi-faceted machine. Many sellers choose to have their home inspected prior to a sale. This allows them to make the necessary repairs ahead of time, lessening potential buyer’s bargaining ability. An inspection will also show good-faith in selling. You are telling the world you want your home to be in the greatest possible condition before it is sold.

Disclosure rules vary state to state. Your agent, attorney or broker will be able to supply you a checklist that covers the requirements for your state. Review the list in its entirety and add as many detailed notes as possible. Don’t forget to include the dates of upgrades and repairs. Fill out the form as honestly and as completely as possible. If you have questions, it is best to talk to a lawyer instead of your agent. Your agent might avoid such questions as they are out of their scope, and they want to lessen their liability.

Remember, YOU CAN GET SUED for being dishonest.

And if you are found liable, you will need to pay for repairs, legal expenses, punitive damages and in some cases, the sale can be rescinded. Make sure you are working with a trusted professional to help guide you through real estate disclosures.

Real Estate Disclosures – What You Have to Share Legally in New York

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Tristate Holdings 167 Inc., can buy your New York house for cash if it meets our buying criteria. The best part is that you’ll never have to deal with real estate agents, endless open houses, or uncertainties about a potential buyer getting approved for a mortgage.

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We’ll buy your New York house fast, making the process as smooth as possible for you.

We’ll never use any pressure tactics to buy your New York house. It is up to you if you want to accept our cash offer.

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If you’re looking to sell your house fast for cash, you’ve come to the right place. We buy all types of New York properties for cash, including single-family homes, multi-family homes, rental properties, and even mobile homes. There are never any commission costs or real estate agents needed to sell. We buy houses for cash in New York and are happy to provide you with a cash offer on your house.

There are many different reasons that New York homeowners are looking to sell their homes for cash. Whether you just don’t want to deal with repairing it or you’ve decided that it’s time to sell and move to a different house, we’ve got you covered. Don’t waste your time cleaning, repairing or taking on new tenants. We’ll buy your house fast, no questions asked.

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Whether you lost your job or are dealing with medical issues, there are many possible reasons why you may need to sell your house before it goes through the foreclosure process.

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If repair bills are too much and you don’t want to deal with the headaches, we can buy your New York house fast so that you can move on with your life.

 
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If you’re relocating, and you’re on a tight schedule that requires a fast closing, we can buy your New York house fast.

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Divorces can result in many couples needing to sell their house fast. We can help make the process easier by providing you with a fair cash offer on your house.

 
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If you’re tired of dealing with bad tenants in your New York rental property, then it’s time to call the cash house buyers to get your cash and say goodbye to your troubles.

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If you’ve inherited a New York house that you don’t want to deal with, we’ll buy it fast for a reasonable cash price.

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We Buy Houses For Cash In New York

When you opt to sell your New York home fast for cash to a “we buy houses” company, it comes along with some great benefits.

One of the worst parts about selling to traditional home buyers is that they will have an inspection done on your house and expect you to foot the repair bill. When you sell to us, you’ll never have to repair anything because we’ll buy your New York property in its current condition.

Real estate agent fees can be expensive and cut into your proceeds. Fortunately, when we buy your house fast for cash, we don’t require you to have a real estate agent because we are the buyers. Convenience is our specialty.

No one wants to pay fees to sell their New York house fast. There are no fees if we buy your house.

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You’ll love it when you sell your New York house to Tristate Holdings 167 Inc.! We promise to provide you with all the great benefits of selling your home for fast cash.

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We make things simple by not having to wait to get your home listed or pay costly real estate agent fees to sell your property.

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When you sell to us, we’ll let you determine when you want to close on the property. You can schedule it within 30 days or a couple of months from now.

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When we say we’ll buy as-is, we mean it. Your house could be run down or brand new. We’ll provide you a fair cash offer within 24 hrs.

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We won’t waste your time playing the finance negotiation game. Our goal is to provide you with a reasonable cash offer for your property.

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Homeowners love the fact that they don’t have to clean or repair their homes when they decide to sell to our company. Just read our many positive reviews.

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We’ll never ask you to do any repair work or renovate the property. We buy all types of properties regardless of their condition.

Cash For Houses In New York

We’ll take care of all the heavy lifting so you won’t have to deal with listing your New York house and sit through countless showings. We’ll provide you with a fair offer on your New York home and let you choose how fast you’d like to close.

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The Tristate Holdings 167 Inc. Advantage

Many New York homeowners want to sell their house as-is without having to clean or repair anything. It may make sense to sell your New York home for less to avoid the hassles that go along with the traditional sales process.

We’re here to provide you with an affordable cash offer on your New York home and the opportunity to sell it on your own timeline. Simply let us know when you’re ready to sell, and we’ll provide you with that free, no-obligation cash offer.

Tristate Holdings 167 Buys Houses in New YorkNew JerseyConnecticutPennsylvaniaDelawareMarylandOhioMassachusettsRhode Island, Maine, and many other states. We’re not listing your house… we’re actually the ones buying your house for cash. Because we are Cash House Buyers, we’re able to close quickly… or on your schedule. As we’ve mentioned, when you work with us there are no fees… like there are when you list your house to sell with a New York real estate agent.

Areas We Buy Houses In New York

Tristate Holdings 167 Inc. has been helping people sell houses fast all over New York.

We buy houses all over New York and surrounding areas. Our goal is to simplify the selling process of your home by offering you a fair price based on the home’s current condition.

If you think we could help you, don’t hesitate to give us a call and see if you want to sell your New York house for a suitable cash offer.

Contact us today! 🤙1-(888) 788-7478.

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Sell Your House In New York FAQs

When most people think about selling a home in New York, they think about going through the traditional sales process that requires a real estate agent and constant showings. When you sell to a cash home buyer like us, that’s not the case at all. We get a lot of questions in our line of work, which is why we’re going to share with you some of these questions and answers below to give you a better idea of how our cash sales process works.

Why Is A Cash Offer Better For A Seller?

As a seller, you want to find a buyer who has the cash to buy your house to ensure that there will be no problems throughout the process. If you go with a traditional buyer who is getting a mortgage to purchase your house, there is always the possibility that the mortgage lender may not proceed to issue the mortgage.

Can You Sell A New York House In 30 Days?

Contrary to what the real estate industry may make you think, you can sell your house for cash in as little as thirty days. To close this fast, you need to sell your New York house to a cash home buyer. You can act fast and sell without any restraints from financial lenders.

What Is The Fastest Way To Sell A House?

When time is of the essence, the fastest way to sell any home is to an all-cash buyer. You can be assured that they have the cash on hand to purchase your New York home without any issues. You want to avoid selling to any buyer that is using financing as there’s always a possibility that their financing may fall through.

Is Selling My House For Cash A Good Idea?

Selling your house for cash in New York is one of the best ways to sell your home fast. When you choose a cash-buying company like ours, it’s a hassle-free process, and it’s done on your timeline instead of everybody else’s. Just the peace of mind of having a buyer with cash to purchase your home is well worth it.

Easiest Way to Sell Your House In New York

When it’s time to sell your New York house, you want to make the process as simple as possible. That’s what our cash-for-houses company is all about. We’ll provide you with a fair all-cash offer on your house without involving real estate agents. We take care of all the hassles so you can enjoy simply selling your house and transitioning to the next chapter of your life.

Tristate Holdings 167 is a team of Cash Home BuyersWe Buy New York Houses in the following areas, (BrooklynQueensBronxManhattanStaten IslandLong IslandYonkersMount VernonWestchester, Ulster County, Rockland County, Dutchess County, Putnam County, Oneida County, Schoharie County, Otsego County, Greene County, Sullivan County, AlbanySchenectadyUticaElmiraCohoesRamapoCatskillsHempsteadValley StreamSaratoga Springs, Lake GeorgeOswegoSyracuseNew RochelleBabylonFreeportGuilderlandWyandanchIthacaFishkillLong BeachElmontWhite PlainsIslipAstoriaPort ChesterKingstonPeekskillCobleskill, Saugerties, Greenwood LakeSleepy HollowBronxvilleMahopacBeacon, Hyde ParkWarwickPoughkeepsieNewburgh, Pomona, Valhalla, Niskayuna, Middletown, Harriman, Nyack, Inwood, Rockaways, Oneonta, Worcester, Schoharie, Queensbury) and other areas of New York.

Whether you are trying to avoid foreclosure, inherited a property you do not want, dealing with a divorce, or are fed up being a landlord dealing with tenants, we can help. If you need to Sell Your New York House Fast, we offer Cash for Homes in New York!

 

Are you selling your home in New York? If you have questions, we have answers! Fill out this form, or give our office a call now! 1-(888) 788-7478

 

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