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by emodendroket
1687 days ago
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I don't see how you figure. You get the disclosures long after you make your offer (although you do have a contingency if you don't like what you see, I think). And the mandatory disclosure system opens you up to more risk of lawsuit, since if you fail to disclose something you, in the view of the legal system, reasonably should have known, that's grounds for a suit (compared to MA, where I used to live, where you're free not to make a disclosure at all so you can't be said to have omitted anything). Also, dealing with the title company and all that definitely seemed slower than the system I previously experienced where both sides had lawyers to hash out small details. |
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Also the disclosures have copious language to the effect of "To the best of sellers' knowledge" and "Buyer agrees to do their own research". I think this is supposed to indemnify the seller.