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Are NY Homebuyers Penny-wise and Pound-foolish?

April 24th, 2012 by Geff Gismondi | No Comments | Filed in Real Estate Law

Searching through hundreds of listings on your iPhone or your realtor’s website to find the perfect home is a time-consuming process. Once you find the perfect red-brick, 4-bed, 2-bath cape on the quiet, tree-lined sidestreet around the corner from your favorite café, the work isn’t over. I’m not just referring to the seemingly endless stack of papers you’ll be asked to read (ha!), sign, and initial. I’m not talking about the enjoyable and gratifying job of packing up every single item you own into those little cardboard banker boxes you swiped from the copy room at the office. You’ve negotiated the price, you’ve secured a lender, and now comes the infamous property inspection. That’s where the old adage “Buyer Beware” comes into play. (more…)

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