Buying Condominium Financial Legal Selling

Condo Resale Disclosure

P.E. from New Jersey writes:

Dear Mister Condo,

What are the disclosure laws in New Jersey for the resale of a condo?

Mister Condo replies:

P.E., I am not an attorney so I cannot give you a legal answer here. You should speak with a qualified attorney in your region to get a legal response to your question. However, I can offer some friendly advice. Michael Odenthal of the New Jersey Cooperator has an excellent piece I commend to your reading: the most part, it is a “buyer beware” transaction. However, a buyer that withholds pertinent information is typically liable for withholding of that information. My friendly advice is that any buyer have an attorney represent their best interest and have a full home inspection performed BEFORE signing any purchase and sale agreement.

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