What if I recently bought a home but was misled as to its condition since all defects were not disclosed?

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What if I recently bought a home but was misled as to its condition since all defects were not disclosed?

Asked on July 29, 2015 under Real Estate Law, New York

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

Disclosure of defective conditions of real estate that is for sale is regulated by state law. As a general rule, these laws require that potential buyers be told all material facts about the condition of a property. Further, pursuant to a purchase and sale agreement, a buyer and seller establish a contractual relationship; it is the terms of the contract that also determines the parties' rights.

At this point, you can consult with a local real estate attorney who can review your agreement the facts of your case. They can best advise you as to your rights under specific state law.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

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