Why All of the Disclosures?
Caveat Emptor (Buyer Be ware) has been Replaced with
Caveat Venditor (Seller Beware)
As-Is does not protect you from undisclosed flaws
California zealously enforces statutes that require sellers to disclose
all material facts that would affect the desirability of their property.
Many lawsuits have been brought by those claiming that the sellers
did not fully disclose all that they knew regarding a home.
Sellers Supplemental Checklist
and Transfer Disclosure Statement
Within these two documents, the seller of a home must disclose
information about their property. All issues are touched upon,
from the size of the home and property, to many other issues.
Are there any problems with the foundation or any of the appliances?
Are there any cracks in the walls or sloping floors?
Has any animal urine ever been on the floor?
Are there any neighborhood disturbances that should be reported?
Have any additions been done without permits?
Because California has almost half of all real estate lawsuits
in the nation, it is best to fully disclose all information, and have
your Realtor assist you with any questions you may have.
The precept to follow is when in doubt, disclose.