Acknowledge Receipt of Seller Disclosures
Sellers are required to deliver certain disclosures about the property to the buyer within a particular time period specified in the purchase contract. It is the sellers’ obligation by law to reveal everything a seller knows about the property, including material facts.
- Read and question items you do not understand on the Seller Property Disclosure, natural hazard report, pest inspection/completion and other documents such as a preliminary title policy.
- Realize you have 10 days to review for lead-based paint, which is a federal disclosure.
- Read every document in its entirety; ask questions about all seller disclosures. If you encounter unfamiliar terminology, and few buyers understand every single term, ask your agent to explain it to you. There are no dumb questions when buying a home.