caveat emptor: Selling Manhattan "AS IS" Caveat Emptor (let the buyer beware)
- 03/25/11 04:47 AM
I usually preface my blog posts and comments with the statement: "Real Estate is Local." Laws vary from state to state. Real estate practices vary from state to state. Real estate practices vary within a state. New York City has many of it's own laws and regulations and Manhattan is a unique place in the real estate Universe. New York is a *Title state many other states are **Escrow states. In Manhattan we sell properties "AS IS." What does "AS IS" Condition Mean? Contract contains "as is" language - "official notice" of the property's condition. The purchaser must rely upon its … (11 comments)
I usually preface my blog posts and comments with the statement: "Real Estate is Local." Laws vary from state to state. Real estate practices vary from state to state. Real estate practices vary within a state. New York City has many of it's own laws and regulations and Manhattan is a unique place in the real estate Universe. New York is a *Title state many other states are **Escrow states.
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