Central Business District, New York
36 West Main Street, Suite #110
Rochester, NY 14614
585-263-2444

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.
A Guide to Estate Planning for Singles, Rochester, New York
Many single people believe estate planning is only for those with spouses, children, or other financial obligations. However, these legal documents apply to people of all m...read more
When Should People Review & Revise Their Estate Planning Documents?, Rochester, New York
Life is unpredictable, so it’s never too early to start estate planning. However, once you draft essential documents, it’s important to take the time to review them periodically.&nbs...read more
3 Factors to Keep in Mind When Writing a Living Will , Rochester, New York
You may not feel the need to draft a last will if you do not have any children or significant assets. However, everyone should have a living will because life is unpredicta...read more
How Does Divorce Affect Estate Planning?, Rochester, New York
Getting divorced is a major life transition that affects everything from holiday plans to retirement goals. As such, it can take time to adjust to all the changes. There are some leg...read more
When Should You Consult With a Wills & Estates Attorney?, Rochester, New York
Unless an injury or illness forces them to, it’s understandable why people rarely think about their own mortality. As a result, it’s fairly easy to postpone estate planning. Although...read more