Must a seller provide a buyer with a written seller property disclosure statement?
In New York, the property disclosure statements are very rare. The alternative is the seller provides a $500 credit at closing, and most New York attorneys are going to recommend that the seller just provide the $500 credit. The theory being if you make representations and something happens a couple of days after the closing, you’d be subject to a lawsuit for fraudulent representations. In most cases, you’re just going to give the $500 credit.
