Should I sign the New York State Property Condition Disclosure Statement?

When selling residential property in New York, a seller is normally required to either to give the purchaser a Property Condition Disclosure Statement; or, provide them with a $500.00 credit in lieu of this Statement. However, providing this Statement to a purchaser creates post-closing liability for the seller and it is always a good idea to discuss these options with your attorney to determine which option is best for you.