Legal Question in Investment Law in New York
Buying a House
If a Real Estate Broaker sold you a house and you found out your house should cost less. What should that person do about it?
Asked on 10/21/08, 12:47 pm
1 Answer from Attorneys
Warren Markowitz
Warren R. Markowitz, Esq
Re: Buying a House
This is little if anything that you can do. The purchase of real estate is contractual in nature. A real estate agent doesn't sell you a house but provides you the avenue to negotiate with a seller of real property. The price is then negotiated between yourself and the seller through a series of offers and counter-offers.
If you purchases a house that you later discovered either depreciated in value, or that you should have paid less for, there is no one to blame but yourself.
Answered on 10/22/08, 3:15 am
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