Quote:
Originally Posted by RickeyD
Your statement is untrue. Many states including NewYork protect their residents from the unsavory practices of out of state real estate transactions. New York residents that purchase ANY new real estate whether it be developed or raw land have a seven day right of recision. Florida recognizes this right and requires sellers to abide. How do I know this ? We exercised this right two times before we finally went to contract with the developer on a new house.
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Agreed, we have also exercised this right being our residence is in NY. When we sat with the agent he told us there are a few more states that also do this. When we rescinded on the first home we knew we had 7 days and my agent kept telling us we could do the contract and think about it. He had no problem with us rescinding more than once. I am sure this happens often.