Central Business District, New York
36 West Main Street, Suite #110
Rochester, NY 14614

Guide to Disclosure Statements: Rochester's Top Real Estate Lawyer Offers Insight October 25, 2016

Central Business District, Rochester
Guide to Disclosure Statements: Rochester's Top Real Estate Lawyer Offers Insight, Rochester, New York

If you are selling a home in New York, disclosing important information about the property for sale is imperative. Without the required disclosures, you could be liable for any property issues the next owner experiences. Steve Butcher Sr., Esq. knows what it takes to protect you throughout the home selling process. As a seasoned real estate lawyer, he can provide essential information on disclosure statements, ensuring you remain in total compliance.

Understanding The Property Condition Disclosure Act

real estate lawyerIn the past, New York law stipulated that the buyer was ultimately responsible for inspecting a property’s condition, but the state has since instituted the Property Condition Disclosure Act. This law indicates that anyone selling a home must make honest disclosures to the buyer about the condition of the property or face a possible lawsuit. The seller is responsible for composing a disclosure statement, which must be received by the buyer before the sale is finalized. However, sellers can also opt to pay a $500 credit in lieu of the disclosure statement. A real estate lawyer can provide insight on which option is best for you.

Types Of Disclosures That Must Be Made

Issues with a property’s structural integrity must be made known, as well as any potentially harmful materials within the dwelling itself (such as asbestos or lead). A seller must also provide information on the age of the property, additional utility charges, and who owns the property. If surrounding environmental factors could potentially damage a home (i.e. if a home is located in proximity to a landfill or within the confines of floodplain), this information must also be disclosed.

Steve Butcher Sr., Esq. embraces a client-focused perspective when providing quality legal guidance to residents of Monroe County, NY. Take advantage of 25 years of legal experience by calling (585) 263-2444 to discuss your needs with a reputable real estate lawyer. You can also visit Steve Butcher Sr., Esq. online to learn more about his respected legal services.


Attorney Advertising

Other Announcements, Events and Deals from Steve Butcher Sr.
3 Crucial Questions to Ask a Real Estate Lawyer When Buying a House, Rochester, New York
If you’re looking at a particularly tricky real estate purchase, working with a seasoned real estate lawyer is of the utmost importance. There are several key factors of any real est...read more
3 Ways a Real Estate Attorney Can Help Buy or Sell a Home, Rochester, New York
Real estate transactions are among the largest, most complex transactions most people will ever undertake, involving enormous sums of money, dense contracts, and a complicated legal ...read more
3 Ways to Prevent Conflict in Your Will, Rochester, New York
After the death of a loved one, even tight-knit families can fall into conflict, even when there isn’t a significant inheritance at stake. Without a written will, your loved ones may...read more
Real Estate Attorney vs. Agent: How Do They Differ?, Rochester, New York
Buying a home is a monumental moment in anyone's life, whether it's the first or the fifth. After obtaining a pre-approval, a real estate agent is often a buyer's first point of cont...read more
Local Real Estate Lawyer Shares 3 Ways to Prepare Your Home for Sale, Rochester, New York
The real estate market is extremely competitive, which is why it’s essential to make your home stand out if you’re selling. According to Steve Butcher Sr., a leading Rochester, NY, r...read more