New York has officially ended the practice of allowing home sellers to bypass property disclosure requirements with a simple fee. By moving away from the doctrine of buyer beware, the state now demands that sellers answer 56 specific questions about their property history. This change significantly increases the burden of transparency on homeowners who must now document everything from past fire damage to structural defects.### Key takeaways for sellers. Sellers can no longer avoid the disclosure statement by paying a 500 dollar credit to buyers. All property owners are now required to answer 56 questions regarding historical conditions and potential defects. Failure to accurately complete these forms could result in post closing legal liability for the seller. Disclosure laws now align with other states to provide crucial information on flood risks and insurance status.### The role of technology in property disclosures. Navigating these requirements can be daunting for any homeowner. At Waymark Real Estate, we believe that AI should carry the heavy lifting during complex transactions. Our AI, Aria, helps sellers navigate the disclosure process by managing the 13 sections and over 100 individual items required byफॉर्म TXR-1406. While New York now enforces strict disclosures, our process in Texas ensures that sellers maintain full control of their equity through our Fixed-Rate Selling model. By using data-driven tools, we help our clients provide accurate information without the ambiguity that leads to disputes. Sellers interested in learning more about how to manage these documents correctly can visit waymarkre.com/learn/seller-disclosure-texas for guidance.### Managing the market and legal risks. Local legal experts suggest that the new regulations in New York could lead to a rise in post closing litigation if sellers are not thorough. In a market where inventory is low, sellers may feel pressure to move quickly, but the risk of providing inaccurate data is higher than ever. With our 699 dollar and 1,199 dollar plans, Waymark Real Estate provides the infrastructure to handle these complex details. We recognize that in states like Texas, where sale prices are not public record, providing accurate data is even more essential. By keeping your costs predictable with no percentage at close, you can navigate your sale with confidence that your legal requirements are fully realized. Waymark Real Estate | TREC License 639078 | Brokered by Marelli Properties | waymarkre.com

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