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Seller’s Disclosure

Seller’s Disclosure is the disclosure made by seller to the buyer, which details all physical problems and defects of the subject matter of sale that the seller is aware of.  The seller will be held liable if s/he fails to disclose any problems within his/her knowledge.  However, there is no liability if the seller has no knowledge of the inherent defect of the product.  Seller’s disclosure is the disclosure of seller’s knowledge of the condition of the property as of the date signed by seller.  A seller’s disclosure statement is not a substitute for any inspections or warranties the buyer may wish to obtain.

Inside Seller’s Disclosure