Establishes the "right to home inspection act"

Showing the cosponsors who are on Agora, A to Z. The official record may list more.

• Democratic6

Shown in neutral colors by design; Agora is non-partisan.

◆ The sponsor's argument

Why Rachel May says this is needed

New York home buyers operate under caveat emptor. The condition of a property is their problem, discovered at their expense, after the fact. Home inspections exist precisely to change that equation, and licensed inspectors exist precisely to give buyers the professional assessment they cannot perform themselves. The practice of waiving inspections to win competitive offers has become common enough to be dangerous. Buyers surrender their best tool for evaluating a major purchase in exchange for a marginal edge in a bidding situation. The seller, who knows the property, benefits. The buyer, who does not, absorbs all the risk. This bill ends that dynamic. A buyer who wants an inspection gets one. No seller, and no agent, can extract a waiver as the price of accept- ance. The inspection window is short. It does not bog down transactions. It simply ensures that when a buyer signs a contract, they have had the chance to know what they are buying.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.