When buying a house in Staten Island, New York or any other part of New York the law calls for a seller to give a Property Condition Disclosure Statement (PCDS) or a $500 credit at closing. Even if the seller gives the PCDS the buyer should still have an engineer's inspection. Getting the $500 credit should cover the cost of the inspection and give the buyer a better idea of the condition of the house than a PCDS.
718.979.4300
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Why a buyer doesn't want a Property Condition Disclosure Statement (PCDS)

 

A: When buying a house in Staten Island, New York or any other part of New York the law calls for a seller to give a Property Condition Disclosure Statement (PCDS) or a $500 credit at closing.  Even if the seller gives the PCDS the buyer should still have an engineer's inspection.  Getting the $500 credit should cover the cost of the inspection and give the buyer a better idea of the condition of the house than a PCDS.




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Decker, Decker, Dito & Internicola
1610 Richmond Road
Staten Island, NY 10304
Phone: 718.979.4300
Fax: (718) 351-3514
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