Seller Disclosures | What You Should Know About Property Disclosures
- By Jim Blackburn
- on
- Buy A House, FHA 203k loans, First-Time Home Buyer, Real Estate Law, Title / Closing
1. Property Disclosures List Known Issues and Past Problems
Sellers are required to tell you about anything they know that might affect the home’s value, safety, or functionality. This can include:
Roof leaks, foundation cracks, or water damage
Termite infestations or mold issues
Previous repairs or insurance claims
History of flooding or fire
It’s their legal obligation to be honest—and your right to review.
Understanding potential repair costs helps you budget appropriately. Calculate your FHA 203K Renovation Purchase Loan Payment now to see how you can finance both the purchase and necessary repairs revealed in disclosures—all in one loan.
2. Reviewing Disclosures Helps You Spot Red Flags Early
Once you receive the disclosure packet, go through it carefully (ideally with your agent).
Ask questions if something is unclear
Use it to guide your home inspection
If an issue worries you, bring it up before closing
These documents give you a window into the home’s past—and a glimpse into its future maintenance needs.
If disclosures reveal significant repairs are needed, conventional renovation financing might help. Calculate your Conventional Renovation Homestyle Purchase Loan Payment now to explore financing the purchase plus renovations to address disclosed issues.
3. You Can Use Disclosures to Negotiate Repairs or Price
If the disclosures reveal something costly—like a past plumbing failure or roof patch job—you don’t have to walk away. You can:
Ask the seller to make repairs before closing
Request a price reduction or closing cost credit
Use your inspection contingency to exit the deal if needed
Knowledge is power—especially when you’re about to make the biggest purchase of your life.
Before you negotiate, understand what the home is worth in its current condition. Get a Free Home Evaluation to see comparable sales and determine if the asking price fairly reflects the disclosed issues.
Need help navigating disclosures and connecting with trusted professionals? Get An Introduction to experienced home inspectors, contractors, and real estate attorneys who can help you evaluate disclosed issues.
Want Help Understanding Disclosures Before You Sign? Let’s Walk Through Them Together
At Stairway Mortgage, we help you read between the lines—so your new home doesn’t come with hidden surprises.
📘 Download our homebuyer guides about property disclosures.
📊 Check Current Rates for renovation financing.
🧮 Finance repairs with our FHA 203K Calculator.
🏠 Get a Free Home Evaluation to assess fair value.
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