Selling a homeAll terms starting with S
Seller’s disclosure
The seller’s written statement of known material facts and defects about the property.
Sellers disclose known material conditions: past leaks, system repairs, boundary issues, and similar facts that would matter to a buyer. It reports what the seller knows; it is not an inspection.
Disclosing is generally the safer course. Known problems that surface later are considerably more expensive than problems disclosed upfront.
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