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Seller's Disclosure Responsibility
Things have sure changed from the days
of caveat emptor, which is ancient Roman for Let the Buyer
beware! These days, at least in California, the seller has statutory
duties to disclose conditions and facts about the home as never
before.
While you do not have a duty to thoroughly
investigate, or to seek out, you do have a duty to tell all you
know.
The disclosures go well beyond the condition
of the home itself (those plumbing problems you were going to fix
someday, and the little leak over the upstairs bedroom that you
painted over.)
They extend to issues beyond the property:
Barking dogs
that motorcycle gang that hangs out next door
the
dumpster out your bedroom window that is emptied at 3AM.
It even extends to events
your grandmother
died peacefully in her sleep? There was a murder? Disclose
it all.
It may seem silly or even petty, but the
consequences of not disclosing are considerable and far out-weigh
any inconvenience.
Happily, there is a form that simplifies
the job and helps jog your memory.
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