Advice to Sellers:
“If you question whether or not something should be disclosed, you have already crossed the line into defining that item as a disclosure issue. If it is important enough to question, it is important enough to disclose.”
Sample Disclosure Forms Disclosure Law
Vanguard Real Estate’s Disclosure
Policy:
(1) Vanguard
personnel have an affirmative duty to conduct a reasonably competent and
diligent inspection of all residential property listed for sale.
This includes only readily visible and accessible areas excluding crawl-spaces,
attics, roofs and any other areas of limited visibility and access.
(2) Vanguard
shall disclose to prospective purchasers all known facts and conditions
materially affecting the value or desirability of the property.
(3) Vanguard
will use strictest interpretation of the following three terms: (1) value (2) desirability and (3) material affect.
(4)
All material issues discussed with
or discovered by Vanguard personnel will be disclosed in writing to the
Buyer.
(5)
All disclosures will be in
writing. There will be no oral
disclosures.
(6)
There are no exceptions to items 1
through 5 above.
(7)
Vanguard encourages Sellers to
disclose all known issues. Disclose
to others as you would prefer they would disclose to you.