Disclosures refer to two documents specifically:
- Seller's Disclosure
- Lead Based Paint Disclosure
The Seller's Disclosure (SD) is a document that is required at the time an offer is written. If an agent requests this, it’s a good indicator you’re about to receive an offer! When filling out the disclosure, you will be asked to detail any issues/repairs you’ve had with the house. It’s best to be as transparent as possible when filling out the SD.
If you intentionally hide a defect (drain line issue, foundation cracks/shifting, roof damage, etc.) and the buyers can prove you hide the defect intentionally, you’ll be in some serious legal trouble. The form is fillable and if you need help you can always ask us! When you’ve finished filling out the SD, email it to us so we can put it in the MLS. Once uploaded to the MLS, all agents will be able to download it and we won’t have to keep asking you for it.
The Lead Based Paint Disclosure is only required if your home was built before 1978. If you have any knowledge of Lead Paint in your home, you’ll want to say so on this form. If not aware, just check that you have no prior knowledge of lead paint and sign on the line. This will also be required at the time of offer (if your house was built before 1978) and we can also upload it to the MLS.