Disclosure Statement
We are first time buyers, getting advice from parents who have alot of experience buying/selling properties, but not in NYC. We have been told we should ask for a disclosure statement from the sellers stating all the problems and repairs done to the property. Our broker told us that most old houses (the property in question is a 2 fam brownstone in ridgewood) are generally “as is” and do not release or fill out this statement. We live in a very similar (nearly identical) house as the one we are looking to purchase so we are familiar with the potential problems and associated costs-electricity, heating, plumbing etc. Will most of things be revealed in a good inspection? Should we not worry about this disclosure statement?
