Was Your Hoboken Home or Condo Built in the 1800s?

It is widely assumed that a buyer does a home inspection once the property is under contract. Or at least when their offer has been accepted. Usually, that is correct. Many Hoboken buildings (and condos), however, were built in the late 1800s. That's not a typo. Most of our brownstones and row houses are over 100 years old. Many have been converted to condos after having been rental units for a long time. In that case, there may be an advantage for the seller to have the condo unit or house inspected before putting it on the market for sale.

What's In It For The Seller? Knowledge & Power

The seller can learn if there are any potential problems with the property. If there are, repairs can be made before the unit is listed. The buyer is going to do his own inspection and will discover these problems anyway. What do you think happens then? The buyer asks the seller to make repairs or adjust the sales price with a credit. Then the lawyers may have to get involved. It may hold up the deal. It may even give the buyer a way out of the contract and the deal may fall apart.

Nobody Wants Surprises During Negotiations

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