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Alexander Paykin on New York's Property Disclosure Form
Summary by New York Weekly
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Alexander Paykin on New York's Property Disclosure Form
For years, selling a home in New York came with an easy workaround. Sellers were required to complete a property condition disclosure form covering everything from plumbing and electrical systems to flooding history and structural issues. But they didn’t actually have to fill it out. Instead, they could hand the buyer a $500 credit at closing and skip the form entirely. Most sellers took that option. Most buyers barely noticed the credit or unde…
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