Buying a new home can generate much deserved excitement and joy; however, many traps and hidden surprises often await the over eager buyer who chooses not to inspect his or her home to be purchased. Some homebuyers, especially first-time buyers, forego their right to inspect their new home. Prior to signing a contract to purchase a new home, you are entitled to hire an inspector to survey the home to make sure that it is not only safe to live in, but also that no latent defects in construction exist that could create problems later. Many people choose to not hire an inspection team for many reasons from cost to negotiation tactics, but it is always a good idea to hire an inspector.
Buying a new home is a major investment, and you should want to protect yourself from anything that could go wrong in the home buying process. In most cases, a thorough inspection will turn up a series of minor issues that are always important to be aware of, but will not create any substantial problems during the near future. However, in some cases, inspections can uncover serious defects in either construction or prior home care that can impair your large investment.
Furthermore, once you enter into a contract to purchase the home, most real estate contracts state you are purchasing the home in “AS IS” condition. This means that no matter what defects come up after the contract has been entered into, the seller is not obligated to make any repairs nor can you, the buyer, back out of the contract because of such defects.
If you are considering buying a home or if you have bought a home and something is wrong, you may want to consider hiring an attorney to help you resolve any legal difficulties you may have. The attorneys with the Law Offices of Yuriy Moshes are experienced NYC real estate lawyers who regularly assist homebuyers with their legal problems. Our law firm offers white glove customer service, which means that we are available at all hours and offer free consultations regarding real estate claims.