Zoning changes require home seller disclosure

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BOB: Is it a disclosure requirement for a home seller to tell the buyer that the home has just been re-zoned into a nonconforming status? Are there times when an owner just does not know? --Dick B. DEAR DICK: A property use that does not comply with the current zoning is known as a nonconforming use. For example, a single-family house located within a commercial zone is a nonconforming use. Purchase Bob Bruss reports online. Whenever a property is proposed for rezoning, the owner must be notified and given an opportunity to speak at a public hearing for or against the rezoning. As a home seller, you must disclose on the listing information and to your buyer if your property was rezoned, or rezoning is under consideration by city or county officials, and your residence will become a nonconforming use. A nonconforming use can have a major impact on the market value of the property. When a property is rezoned and the current use does not meet the new zoning rules, most existing uses...