The Sellers Disclosure is like an insurance policy for you. You must take more time to prepare it than you think you should. Let me tell you why.
Everyone has heard stories of sellers who moved on to a new home, only to be served with court papers from their buyer, claiming something was not disclosed. The best way to defend a case is to prove that the issue was disclosed or at least the tip of the iceberg was disclosed. If the tip of the iceberg was there, the buyers could not have relied on anything said to them and without reliance, the buyers have no case.
Take the form and quietly sit in every room of the house, including the attic, the basement and the garage. Think of everything you repaired or replaced. List each and if you have receipts attaché them. Find your title insurance policy and attach it.
I have taught this process to Realtors® for years and almost did not do it when I sold my home. My wife had heard me speak and she insisted that I practice what I preach. What a difference between my first draft and the form after 15 minutes in each room!
