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Buyer Disclosures Explained

SELLER’S PROPERTY DISCLOSURE

This is where the seller is supposed to disclose all known material defects of the home. Often, there are defects that are not listed on here. Doing your own home inspection is critical.

SQUARE FOOTAGE DISCLOSURE

This discloses the source of the square footage that are used for marketing the property. This often is not the actual square footage.

CLOSING INSTRUCTIONS

This document provides instructions to the title company who will facilitate the closing of the transaction.

SOURCE OF WATER ADDENDUM

This states who the water provider is. This is important so you can research the future supply of water.

LEAD BASED PAINT DISCLOSURE

This is the seller disclosing whether they have knowledge of lead based paint, in addition to the dangers.

AFFILIATED BUSINESS DISCLOSURE

If there are any business relationships, this is where they would be disclosed.

WIRE FRAUD DISCLOSURE

This is a disclosure on how you should receive wiring instructions should you need them. Always voice verify wire instructions.

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