What Is A Seller Disclosure?

Q. What is seller disclosure?

A. The advent of seller disclosure is one of the more recent phenomena of residential real estate.

Essentially, seller disclosure requires you to disclose any known material latent defects in your property has any hidden or unseen defects that could adversely affect the value of the property.

The disclosure takes the form of a preprinted sheet filled with specific questions about the property and, sometimes, the neighborhood. Sellers must answer all the questions honestly.