We Buy Houses New York Real Estate Purchase and Sale Agreements in New York City Get Started Here

If you are thinking about to buying or selling a house in New York, there are many items to be considered, at the minium of which being the many financial and legal decisions one has to make.

It is the case that there are no laws in New York City against individuals selling or buying real estate between one another, this may not be the best way to go, because of the many legal issues that come with the sale of property.

Sometimes, it makes sense to use a real estate agent for these purchase and sales transactions. A real estate agent is a licensed professional who helps individuals sell and buy property. They can help sellers finde buyers, and vice versa. They are also able to handle a large portion of the tedious and mundane details.

In New York City, most real estate agents are paid a commission, that is usually a portion or percentage of the sale price of the house. There are some that might charge a flat fee, however.

There are required disclosures concerning property bought and sold in New York City.

Initially, if the buyer asks any specific question about the condition or status of the real estate, the seller must absolutely answer it accurately and truthfully. If the seller gives any untrue or false information about the status or condition of the property, and the buyer later finds out, the buyer can sue the seller for any loses and/or harm caused, and the devaluation or diminution in the house's value.

In addition to disclosing any and all material facts the buyer directly asks about, most "latent and unseen defects" in a house or other property should be revealed or disclosed whether the buyer directly asks or not. In general, any defect(s) that the seller(s) know about and that the buyer him/herself can't discover through a reasonable professional inspection, it most definitely needs to be disclosed.

Buyers, on the other hand, also have a responsibility in this area as well. A buyer will be responsible for failing to exercise due diligence with a personal and professional inspection.

In general, buyers have an obligation to perform a reasonable inspection of the house and property before making the purchase. Therefore, buyers usually won't be able to recover for latent defects that could have been found or discovered with a reasonable inspection, unless the seller him/herself actively hides or conceals them.

Can An Investor that Buys Houses In New York Help?

As you can imagine, there are many more financial, conditions, and legal issues that affect the outcome of a house or any real estate transaction. However, finding an investor who is competent, experienced, and has funding backing them up, can handle all the difficulties. We have been buying and selling houses for many years and have learned to make the buying and selling process simple and easy.

Fill out the help request form and we'll be able to show you how our programs will work for you - that is, how you can sell your New York house cash, in the timeframe that meets your personal needs.