What Should I Know About Property Disclosures
- By Jim Blackburn
- on
- 100 first time home buyer FAQs
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.
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.
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.
Want Help Understanding Disclosures Before You Sign? Let’s Walk Through Them Together
Download our free “Disclosure Review Checklist” — includes red flags to watch for and negotiation tips Chat live now to ask about past damage, repair risks, or how disclosures affect loans
Schedule a call with a Stairway Mortgage advisor to make sure you’re not buying blind
At Stairway Mortgage, we help you read between the lines—
so your new home doesn’t come with hidden surprises.
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