Disclosures

A disclosure in real estate is a statement of known facts about the property by the seller. The purpose of disclosures is to ensure the buyer has all of the facts about the property and can make an informed decision to purchase it.

State law requires certain information to be disclosed to prospective buyers and is listed below. However a seller is obligated to disclose any material fact that may have a negative impact on the purchase – even if it is as small as the noise level of a neighbor’s stereo.

The laws surrounding disclosures often allow a purchase to be cancelled if you do not receive all necessary information Talk to your agent about any disclosure questions you may have.

The most common disclosures are:

• Natural Hazards (including)
  • Flood
  • Inundation
  • Fire
  • Wild land fires
  • Earthquakes
  • Other seismic hazards.
• Mello-Roos Districts
• Environmental Hazards
• Lead Paint
• Federal Flood Insurance
• Home Energy Rating
• Guide to Earthquake safety
• Military Ordnance Locations
• FHA Inspections
• Toxic Mold
• Industrial Zone

What are toxic hazards?