Ask an Expert: My lot-line windows are about to vanish. Do I have to tell buyers?
by Teri Karush Rogers | 8/31/11 - 7:52 AM
Q. My apartment is on the market, and I recently learned that the building next door is planning to add three more stories and that my apartment will lose two east-facing windows. Do I have to tell prospective buyers?
A. Maybe, and regardless of whether you have to, you probably should, say our experts.
Although New York is still generally a "buyer-beware" state, says real estate lawyer Alan Fried, and "while generally a seller is not obligated to voluntarily disclose negative conditions about a property being sold--other than a few government-required disclosures like lead paint--a seller may not actively conceal a condition or make affirmative misrepresentations."
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