Zillow Advice: Buying Process - Should I be concerned about signing a Propriety condition disclosure WAIVER? http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ Zillow Advice | Zillow Real Estate Normally, this would be a ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ Normally, this would be a sign of a cover-up. However, the fact that you are a New Yorker, and by that you mean from the City and not Schenectady, there is something else that might be going on here.<br/><br/>New York neuroticism. And New York counter-neuroticism. Your seller may be concerned that some neurotic persnickety Manhattanite is crossing the water to buy his working class Staten Island home, and will be hankering for a lawsuit if the water pressure drops 2 psi. Or the seller can be a former Manhattan neurotic who is simply worried about the implausible. Very plausible for a Manhattanite.<br/><br/>Then again, Staten Island is famous for those creeps on the Jersey Shore and Sammy "the Bull" Gravano. Mon, 10 Sep 2012 17:01:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-10T17:01:00Z Once you sign the Property ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ Once you sign the Property Condition Disclosure Waive means that the seller will not have to disclose any conditions pertaining to the sale.<br/><br/>So something critical --would not be disclosed. If you sign the waiver and buy it, you will not have much recourse if there is a problem.<br/><br/>"Buyer be ware" is a saying often used in the real estate world. &nbsp;Inspect as much as you can and ask &nbsp;the agent WHY they want that signed?<br/><br/>Your GUT is telling you the right thing. Sat, 08 Sep 2012 20:16:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-08T20:16:00Z When anything is sold "As ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ <p>When anything is sold "As Is", it pretty much means buyer takes with all the risks of any major defects. In essence, the Seller here is selling "As Is", without actually saying so.<br/><br/>And if you are ok buying it with all the inherent risks, the law places the burden upon you the buyer. It's the same with cars, personal property etc.<br/><br/>Raheel Shahzad, Attorney, CPA, Real Estate Agent<br/>Lombard, Illinois</p> Sat, 08 Sep 2012 17:13:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-08T17:13:00Z Disclosures may or may not ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ Disclosures may or may not be accurate. You'll rely on your own inspections to determine the condition of the house (general home inspection followed by specialized inspections if indicated like HVAC, electrical, roof, etc.) &nbsp;Be sure you haven't waived your right to inspect, and ask for an option period that is long enough to adequately inspect and negotiate the findings from those inspections. &nbsp;I just learned from another post...follow up on any warranties during the option period as well! Fri, 07 Sep 2012 04:28:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-07T04:28:00Z Is this a private owner or ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ <p>Is this a private owner or REO? REOs rarely come with disclosures. Even with a disclosure , some owners may get amnesia or a case of that never happened when I was here. They answer them to the best of their knowledge. RELY ON YOUR INSPECTION! You have a right to one.</p> Fri, 07 Sep 2012 00:32:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-07T00:32:00Z by waiver does this mean ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ by waiver does this mean that you are waiving your rights to inspect the condition of the home or is it a waiver that state the owner has not occupied the home and therefore is not able to accurately report on the condition of the home?&nbsp;&nbsp;&nbsp; <br/><br/>this is something to discuss with your agent or attorney ifyou have one, to be clear on the meaning of what you are signing.&nbsp; Signing a waiver releasing them of the responsibiltiy to disclose issues becuase they are not aware of the actual condition is different than being OK with the condition.&nbsp;&nbsp; It's possible that there are issues that a landlord is not aware of because they haven't been called to fix a problem and the tenant "fixed" it but it's also possible that a landlord or other such owner attempts to hide something.&nbsp;&nbsp; Disclosures are meant to require them to share what they know but even when you get those they aren't a guarantee of a condition, just a statement of what the seller believes to be true (so if it appears that they were lying you have proof and recourse later).&nbsp;&nbsp; <br/><br/><br/>I wouldn't necessarily sign the waiver but I wouldn't be too frightened of it either.&nbsp; make sure that you have opporunity to perform inspections, investigations and reviews and make sure that you have options to back out without penalty.&nbsp; (visit with your agent or lawyer and if you don't have one, this is definitely a reason to consider getting one.)<br/><br/>of course if they occupied the home...that's a whole other story.&nbsp;disclosures should be required- I'm not aware of any states that don't require them but even if there were such a place, I would doubt NY to be one.- perhaps a new yorker will answer too. Thu, 06 Sep 2012 23:07:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-06T23:07:00Z Unless it is a bank or some ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ Unless it is a bank or some other entity who has NOT lived there, they should do a disclosure. Thu, 06 Sep 2012 22:00:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-06T22:00:00Z I would not take that deal. ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ I would not take that deal. It smells like a scam to me. You are right to be skeptical IMHO. Thu, 06 Sep 2012 21:42:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-06T21:42:00Z There is a reason for disclosures, ... http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ There is a reason for disclosures, I'd not sign a waiver.&nbsp;&nbsp; What does your buyer's agent say? Thu, 06 Sep 2012 21:38:00 GMT http://www.zillow.com/advice-thread/Should-I-be-concerned-about-signing-a-Propriety-condition-disclosure-WAIVER/458857/ 2012-09-06T21:38:00Z